sale to Windjammer Capital Investors

Industrial
Industrial
sale to Windjammer Capital Investors

Summary

Baird served as the exclusive financial advisor to Heritage Food Service Group on this transaction.

About

Heritage Food Service Group (“Heritage” or the “Company”), a portfolio company of The Jordan Company (“TJC”), was recently acquired by Windjammer Capital Investors (“Windjammer”). Terms of the transaction were not disclosed.

Founded in 1987 Heritage is the largest independent distributor of 100% genuine OEM replacement and repair parts for commercial kitchen equipment serving the foodservice parts, equipment and supplies market. The Company provides a comprehensive offering of products and services that are critical to serving the break/fix, recurring repair and maintenance needs of commercial kitchens across all foodservice end markets. Heritage provides more than 43,000 stocked SKUs and has access to over 100,000 total SKUs, acting as a one-stop-shop provider to its customers. The Company partners with over 800 foodservice OEMs to source its products, delivering a high volume of low dollar transactions and a suite of maintenance and repair services to over 45,000 customers in the United States and Canada. Heritage is headquartered in Fort Wayne, Indiana.

The Jordan Company, founded in 1982, is a middle market private equity firm that manages funds with original capital commitments in excess of $8 billion with a 32-year track record of investing in and contributing to the growth of many businesses across a wide range of industries. The senior investment team has been investing together for over 20 years and they are supported by the Operations Management Group, which was established in 1988 to initiate and support operational improvements in portfolio companies. The Jordan Company is headquartered in New York, New York with offices in Chicago, Illinois and Shanghai, China.

Windjammer Capital Investors, with offices in Newport Beach, California and Waltham, Massachusetts, is a national private investment firm that makes control and non-control investments in leading middle market businesses in partnership with management. Founded in 1990, Windjammer’s institutional funds total roughly $2.0 billion of committed capital. Since its formation, Windjammer has invested nearly $1.4 billion in over 50 companies across a broad range of industries. Windjammer is currently investing out of its $726 million Windjammer Senior Equity Fund IV which closed in March of 2013.

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
Chris Coetzee +1 312 609 4913
David Steinkeler +1 312 609 7019
Nick Sealy +44 207 667 8370
Industrial
Industrial
sale to Windjammer Capital Investors
Date
October 2015
Company
Heritage Food Service Group
Transaction
M&A
Sectors
Industrial
Industrial
Target Location
North America
Acquiror Location
North America

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