I’m excited to announce that Franklin Machine Products (FMP) has acquired Duraparts, a southeast regional parts and supplies company focused on chain restaurants.
Headquartered in Greer, South Carolina, Duraparts has been pleasing customers for over thirty years with fast and friendly service. Their extensive product assortment is tailored to meet the needs of their QSR customers. In line with the DFSI strategic plan, this acquisition is a great opportunity to gain better coverage with regional franchisees of major national chains, expand our product offering, and generate synergistic benefits in procurement and operations.
DENVER, CO (February 18, 2015) – KRG Capital Partners (KRG), a Denver-based private equity firm, completed its sale of Diversified Foodservice Supply, LLC. (DFSLLC), a leading distributor of maintenance, repair, and operations parts, supplies, and equipment to the U.S. foodservice industry, to New Mountain Capital. The transaction closed on February 17, 2015 and the sale represents the fourth successful full exit in KRG’s $1.96 billion Fund IV.
NEW MOUNTAIN CAPITAL partners with DIVERSIFIED FOODSERVICE SUPPLY, a leading distributor of parts, supplies and equipment to the U.S. foodservice industry
Mt. Prospect, IL & New York, NY, February 16, 2015 – Diversified Foodservice Supply, LLC., a leading distributor of maintenance, repair, and operations parts, supplies, and equipment to the U.S. foodservice industry, announced today that it has partnered with New Mountain Capital, a growth-oriented investment firm that currently manages over $15 billion in assets.