DENVER--()--Diversified Foodservice Supply, Inc. (DFSI), the parent company of leading brands in the foodservice parts, supplies, equipment, and accessories distribution industry, has acquired Franklin Machine Products, Inc. (FMP), one of the industry’s most well-known and respected companies. The addition of FMP to the DFSI portfolio adds scale to the organization and improves the customer offering for dealers, chain restaurants, and institutions. FMP will continue to operate as a leading brand in the combined company, and joins business to business brand AllPoints Foodservice Parts and Supplies as one of the more recognizable brands owned by DFSI.
DFSI is a portfolio company of KRG Capital Partners Fund IV (KRG) that was acquired in November of 2010. The acquisition of FMP represents the 175th investment for KRG since inception.
About Diversified Foodservice Supply, Inc.: DFSI is the parent company of multiple brands focused on the distribution of foodservice parts, supplies, equipment, and accessories. The company services many markets including restaurant equipment and supplies dealers, service agencies, restaurants, and institutions. DFSI is headquartered in Mt. Prospect, Illinois and manages operations in five distribution facilities and brand headquarters located across the United States. The combination of its geographic footprint, coupled with an expansive item profile of over 100,000 SKUs, enables DFSI to expedite delivery of products quickly to its valued customers. www.allpoints.com
About Franklin Machine Products: FMP is an industry leading distributor of foodservice repair parts and accessory items. Since 1918, the company has been exceeding its customers’ expectations in the areas of customer service and dependability. FMP prides itself on same-day shipping, world class fill rates, an expansive selection of products, and a highly trained and experienced sales staff. The fact that readers of FE&S magazine chose them as ‘Best in Class for Parts and Accessories’ each year from 2001 thru 2012 is a testament to a strong commitment to its customers. FMP has distribution centers located in Lumberton, NJ and Las Vegas, NV which house over 13,000 unique line items in 160,000 square feet of facility space. www.fmponline.com
About KRG: Founded in 1996, KRG is a Denver-based 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 we can partner with existing management teams that are committed to building best-in-class industry leading companies. Since inception, KRG has invested in 44 platform companies and has completed 131 add-on acquisitions for those platforms. More information on KRG is available at www.krgcapital.com.