sale to New Mountain Capital, LLC

Industrial
sale to New Mountain Capital, LLC

Summary

Baird served as the exclusive financial advisor to Diversified Foodservice Supply on this transaction.

About

Diversified Foodservice Supply, Inc. (“DFS” or the “Company”), a portfolio company of KRG Capital Partners (“KRG”), recently completed its sale to New Mountain Capital, LLC. Terms of the transaction were not disclosed.

DFS is a leading distributor of maintenance, repair and operations parts, supplies and equipment to the foodservice industry. The Company currently operates through multiple brands, including AllPoints Foodservice Parts & Supplies, Tundra Restaurant Supply, Franklin Machine Products, Mill Hardware and Restaurant Parts & More. DFS serves over 250,000 foodservice customer locations across multiple end-markets, including restaurants, service agencies, equipment and supplies dealers and institutions. DFS manages operations in seven distribution facilities and brand headquarters located across the United States. The combination of the Company’s geographic footprint, coupled with an item profile of over 100,000 SKUs, enables DFS to meet the needs of its customers. DFS is headquartered in Mt. Prospect, Illinois.

Founded in 1996, KRG is a private equity firm with $4.3 billion of capital either deployed or available for future investment, which includes approximately $1 billion deployed since inception on behalf of equity co-investors. KRG specializes in acquiring majority interests in middle market companies and growing them into significantly larger enterprises through the combination of internal growth and selective strategic add-on acquisitions. KRG Capital seeks investment opportunities where it can partner with existing management teams that are committed to building industry leading companies. Since inception, KRG has invested in 46 platform companies and has completed 165 add-on acquisitions for those platforms. KRG is based in Denver, Colorado.

New Mountain Capital, LLC is a private equity investment firm managing private equity, public equity and credit funds with over $15 billion in aggregate capital commitments. The firm seeks management buyouts within selected industry sectors and emphasizes business building and growth as it pursues long-term capital appreciation. New Mountain Capital is based in New York, New York.

For additional information about this transaction, please contact:

Tom Lange +1 (813) 273-8248
Jason Kliewer +1 (813) 273-8242
Chris McMahon +1 (312) 609-4983
David Wierman +1 (404) 264-2211
David Steinkeler +1 (312) 609-7019
David Silver +44 (0) 207 667 8216
Industrial
sale to New Mountain Capital, LLC
Date
February 2015
Company
Diversified Foodservice Supply, Inc.
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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