Horizon Food Equipment, Inc.

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Horizon Food Equipment, Inc. - overview

Established

1987

Location

Schenectady, NY, US

Primary Industry

Logistics & Distribution

About

Horizon Food Equipment, Inc. specializes in foodservice equipment solutions, offering repair, sales, and maintenance of refrigeration and HVAC systems to various commercial clients across the East Coast of the US. Founded in 1987 and headquartered in Schenectady, US, Horizon Food Equipment, Inc. provides foodservice equipment solutions.


The company was acquired by EEC Acquisition LLC, a portfolio company of Audax Group, in August 2021 to expand its product offerings and national footprint. The founder's prior history is not documented publicly. Horizon Bradco specializes in providing comprehensive foodservice equipment solutions, focusing on the repair, sales, installation, and maintenance of refrigeration and HVAC systems. The company’s core offerings include bakery equipment, kitchen food service equipment, and energy management solutions tailored for supermarkets, convenience stores, and food commissaries.


These products are designed to ensure optimal performance and efficiency in food handling, storage, and preparation, addressing critical operational needs such as equipment reliability and energy efficiency in commercial environments. Horizon Bradco serves a diverse client base across multiple states, including Florida, New York, New Jersey, and North Carolina, effectively supporting grocery stores, restaurants, and healthcare facilities with specialized equipment and services essential for their operations. Horizon Bradco generates revenue through a structured B2B service model, focusing primarily on commercial clients in the foodservice industry. The company engages in direct sales of equipment coupled with service agreements for ongoing maintenance and emergency repairs.


Transactions typically involve service contracts that may include regular maintenance schedules or on-demand repair services. Additionally, the company’s offerings may include rental options for equipment, providing flexibility for clients with varying needs. Pricing for these services is tailored to the specific requirements of each client, reflecting the complexity and scale of the equipment involved. The recent acquisition by EEC Acquisition LLC in August 2021 will enable Horizon Food Equipment, Inc.


to expand its product offerings and broaden its national footprint. This strategic move will focus on introducing new products and exploring opportunities in new geographic regions, although specific markets and timelines for expansion have not been detailed.


Current Investors

Audax Private Equity, Smart Care Equipment Solutions

Primary Industry

Logistics & Distribution

Sub Industries

Facilities & Maintenance Services, Heating, Cooling & Ventilation Equipment and Services, Food & Beverage Distribution, Industrial Wholesalers

Website

www.horizonbradco.com

Company Stage

Add-on

Total Amount Raised

Subscriber access only

Horizon Food Equipment, Inc. - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(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 SaleCompletedHorizon Food Equipment, Inc.-
Add-onCompletedNortheastern Refrigeration and Insulation Inc-
Add-onCompletedBurke Food Equipment, Inc-
Add-onCompletedAllied Mechanical Services, LLC-
Add-onCompletedNew England Controls, LLC-

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Horizon Food Equipment, Inc. - employee data

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