Calder Capital, a nationwide M&A firm, is thrilled to announce the successful acquisition of a Midwest-based restaurant Distribution Company by a Private Equity Firm.
The acquired company, founded in 1965, offers an extensive inventory of products, from heavy-duty cooking equipment to paper and plastic disposables, as well as dining room furniture and janitorial supplies. Looking to exit the business, the Company engaged Calder Capital’s Sell-Side team.
This strategic move by the acquiring private equity firm focuses on establishing lasting, long-term partnerships with companies in the middle market. The merger is expected to strengthen the acquirer’s market presence and operational capabilities.
Kregg Kiel and Andrew Williams of Calder Capital served as the lead Mergers and Acquisitions Advisors to the Restaurant Distributor.
Calder’s on-market process garnered significant interest, resulting in 155 interested parties and 125 CIMs sent to qualified buyers, seven indications of interest (IOIs) received, and three competitive letters of intent (LOIs) contemplated.
“Working through the details of this unique transaction was very rewarding and the combined organization will certainly benefit from the synergies between the parties, Kiel commented. “I look forward to checking on their progress as they move forward.”
“Congratulations to all parties on a successful transaction,” stated Calder Founder Max Friar, “Advisors Kregg Kiel and Andrew Williams demonstrated their deal savvy in managing a successful transaction that involved a significant number of stakeholders. Calder remains dedicated to the distribution sector within the M&A space, and this deal marks another significant achievement for our team. We are very happy for the Atlas team, and the new ownership, and wish them the best of success going forward!”
Calder Capital, LLC served as the exclusive Mergers and Acquisitions Advisor to the Restaurant Distributor.
The terms and remaining details of the transaction were not disclosed.
About Calder Capital
Founded in 2013, Calder Capital is a lower middle market investment bank providing mergers and acquisitions advisory services to business owners, entrepreneurs, family offices, and investors across the United States. Our dedicated team of professionals combines extensive industry experience, technological innovation, negotiation savvy, and key relationships to exhibit exceptional execution. Calder’s services include mergers and acquisitions advisory, private funds and capital markets advisory, and business valuations.
