Heritage Food Service Group, Inc.
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Heritage Food Service Group, Inc. - overview
Established
1987
Location
Fort Wayne, IN, US
Primary Industry
Logistics & Distribution
About
Based in Indiana, US and founded in 1987, Heritage Foodservice Group, Inc. operates as a distributor of kitchen equipment replacement parts and accessories for the foodservice industry. In October 2019, PT Holdings, LLC, a portfolio company of Berkshire Partners, Summit Partners, and Windjammer Capital Investors, agreed to acquire Heritage Food Service Group, Inc. and the deal was completed in November 2020.
As of October 2019, the company employs 800 people across North America. Heritage Foodservice offers OEM (Original Equipment Manufacturer) repair and maintenance parts for commercial kitchen equipment serving the foodservice parts, equipment and supplies market. The company also provides same-day shipping on parts from different OEM partners, including beverage, cold side, hot side and ware washing equipment. In addition, Heritage Foodservice offers a suite of technology tools, such as Expert ID360™, My Equipment360™, and Heritage mobile app.
to assist customers while researching and buying parts. As of October 2019, the company has generated USD 300 million in revenue.
Current Investors
Berkshire Partners, Summit Partners, Windjammer Capital Investors
Primary Industry
Logistics & Distribution
Sub Industries
Consumer Products, Logistics & Distribution
Website
www.heritageparts.com
Verticals
E-commerce
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Heritage Food Service Group, Inc. - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Heritage Food Service Group, Inc. | - | ||||||||
| Secondary Buyout | Completed | Heritage Food Service Group, Inc. | - | ||||||||
| Buyout | Completed | Heritage Food Service Group, Inc. | - |
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