TruTemp Equipment, Inc.
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TruTemp Equipment, Inc. - overview
Established
1964
Location
Phoenix, AZ, US
Primary Industry
Logistics & Distribution
About
TruTemp Equipment, Inc. is a provider of specialized foodservice equipment solutions, serving sectors including convenience stores, healthcare, and educational institutions with a focus on operational efficiency and food quality. TruTemp Equipment, Inc. was founded in 1964 and is headquartered in Phoenix, US.
The company specializes in foodservice equipment solutions and has undergone strategic changes in its operational focus to enhance service delivery. In April 2018, TruTemp was acquired by Empire Equipment Company, LLC, a portfolio company of Kian Capital Partners, Crescendo Capital Partners, and Stewart Capital Management. The founder's specific background is not detailed, and there have been no mentions of subsidiaries or previous companies founded by the founder. TruTemp specializes in providing a comprehensive array of foodservice equipment solutions tailored to the unique needs of industries such as convenience stores, supermarkets, quick-service restaurants, healthcare facilities, and educational institutions.
The company’s core product offerings include high-quality foodservice equipment designed to enhance operational efficiency, improve food quality, and streamline processes. Their product suite encompasses refrigeration systems, cooking appliances, and related accessories, which are supported by factory-authorized sales and both pre- and post-sale services. TruTemp’s client base includes national c-store chains, grocery retailers, and various food service operators, with products distributed across key geographical markets in the United States, ensuring adequate support for both local and national projects through six strategically located distribution centers. TruTemp generates revenue through a business model primarily focused on B2B transactions, facilitating sales directly to foodservice operators and retailers.
Clients engage with TruTemp to procure equipment and services essential for their operations, often entering into agreements that involve both the purchase of equipment and ongoing support services. The company provides a structure that includes factory-authorized sales, warranty processing, and installation referrals, ensuring that clients receive comprehensive support throughout their engagement. Pricing strategies are aligned with the quality and reliability of their offerings, allowing customers to select from a range of equipment that meets their specific needs. TruTemp's established reputation for expert service and reliable delivery has solidified its position as a trusted partner among foodservice businesses nationwide.
TruTemp Equipment, Inc. is actively strategizing for future growth by exploring new product offerings and market expansions. The company plans to enhance its product line with innovative foodservice solutions, although specific launch dates have not been disclosed. Geographic expansion plans are focused on entering additional markets across the United States, aimed at increasing their distribution capabilities and client outreach.
The funding raised from the acquisition in April 2018 will be utilized to support these initiatives, allowing for enhanced infrastructure and product development.
Current Investors
Empire Equipment Company, LLC
Primary Industry
Logistics & Distribution
Sub Industries
Industrial Wholesalers
Website
www.trutempinc.com
Verticals
EdTech
Company Stage
Add-on
Total Amount Raised
Subscriber access only
TruTemp Equipment, 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 | Completed | TruTemp Equipment, Inc. | - |
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