Cornerstone Foodservice Group, Incorporated
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Cornerstone Foodservice Group, Incorporated - overview
Established
2016
Location
Naperville, IL, US
Primary Industry
Business Support Services
About
Cornerstone Foodservice Group, based in the US, specializes in innovative foodservice products that enhance culinary operations and efficiency in commercial kitchens. Cornerstone Foodservice Group (CFG) was founded in Naperville, US, in 2016, focusing on delivering tailored foodservice solutions. The company has completed 3 deals to date, with its most recent deal occurring on December 4, 2025. Kristine Holtz serves as the CEO of CFG.
Cornerstone Foodservice Group (CFG) specializes in a diverse array of innovative foodservice products designed to enhance operational efficiency and elevate culinary experiences. Their primary offerings include high-quality cookware, food preparation equipment, and custom solutions tailored to meet the specific needs of commercial kitchens. The products, such as those manufactured under the brands Spring USA, Versa-Gard, and LloydPans, are known for their durability and performance, serving end users in various segments including restaurants, catering services, and educational institutions. CFG adapts its product lines to address industry trends and customer feedback, ensuring that their solutions meet and exceed market expectations.
The company distributes its products across multiple geographical markets, including North America and parts of Europe, catering to a broad clientele that includes both established chains and emerging foodservice operators. CFG generates revenue through a structured B2B model, predominantly engaging with commercial clients such as restaurants, catering companies, and educational institutions. Transactions typically occur through direct sales, with customers ordering products in bulk or as needed, depending on their operational demands. Pricing structures may involve tiered pricing based on order volume or contractual agreements for regular supply, particularly for flagship products such as Versa-Gard food storage solutions and custom cookware from Spring USA.
The company fosters long-term partnerships with clients by offering tailored solutions that align with their specific needs, driving consistent engagement and repeat business. Revenue generation is bolstered by CFG's commitment to innovation, ensuring their product offerings remain relevant and desirable in a competitive marketplace. Cornerstone Foodservice Group plans to launch innovative new products aimed at improving efficiency in commercial kitchens, with details on specific release dates to be announced. The company is also targeting expansion into new geographic regions, focusing on increasing its footprint in Europe by the end of 2026.
In December 2025, CFS Brands LLC, a portfolio company of TJC, agreed to acquire CFG from Shoreview, although financial terms of the transaction were not disclosed. This acquisition enables CFS Brands LLC to broaden its foodservice offerings, supporting CFG's future initiatives.
Current Investors
ShoreView, Avante Capital Partners
Primary Industry
Business Support Services
Sub Industries
Business Support Services, Food, Home Improvement & DIY, Financial Services
Website
www.cornerstonefoodservicegroup.com/
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
Cornerstone Foodservice Group, Incorporated - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Secondary Buyout | Completed | Cornerstone Foodservice Group, Incorporated | - | ||||||||
| Add-on | Completed | Astra Manufacturing, Inc. | - | ||||||||
| Add-on | Completed | Lloyd Industries, Inc. | - | ||||||||
| Add-on | Completed | Spring USA Corporation | - | ||||||||
| Buyout | Completed | Cornerstone Foodservice Group, Incorporated | - |
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