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January 31, 2019

Innovative Foodservice Group buys JES Restaurant Equipment in US

Innovative Foodservice Group (IFG) has completed an acquisition of US-based JES Restaurant Equipment (JES).

Innovative Foodservice Group (IFG) has completed an acquisition of US-based JES Restaurant Equipment (JES).

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The transaction marks the second acquisition for IFG as a Trivest Partners portfolio company.

Founded in 2008 by Vivian and Eric Smith, JES Restaurant offers equipment, supplies and furniture to the foodservice industry. The company is based in Greenwood, South Carolina.

“This partnership will generate even faster growth with access to a broader range of competitively priced products and distribution capabilities nationwide.”

JES Restaurant equipment president Vivian Smith said: “We are thrilled to join the IFG team and we see that this partnership will generate even faster growth with access to a broader range of competitively priced products and distribution capabilities nationwide.”

IFG plans to look for additional add-on opportunities to build scale and expand the presence of the company.

Formerly known as BJ Beltram, IFG currently operates a network of foodservice equipment distributors, including B&J Food Service Equipment, Beltram Foodservice Group and the Louis Wohl Group.

Last year, the foodservice equipment distributor purchased Louis Wohl and Sons, which is headquartered in Tampa, Florida.

Louis Wohl offers design/build capabilities, foodservice design consultancy and wholesale distribution of supplies and equipment to hospitality, restaurant, and healthcare industries.

Free Report
img

The critical role of sustainability for Foodservice success in the 2020s

Consumers have radically re-thought their priorities in recent years and changed their habits for the good of the planet, starting to hold companies accountable for their ESG activities. These changes are set to be significant hallmarks of the Consumer Landscape in the 2020s. In order to appease consumers’ new concerns, meeting these new sustainability imperatives will be crucial for the recovery of the Foodservice industry. Consumers are expected to use ESG criteria much more actively in their selection of Foodservice brands to engage with. Download GlobalData’s free report to:
  • Understand the range of ESG challenges currently facing the Foodservice sector
  • Gain insight into consumers’ expectations via consumer survey deep dives
  • Learn from foodservice operators and brands who are already successfully embracing ESG strategies
Stay ahead of consumer concerns and rise to meet them. Download the report now.
by GlobalData
Enter your details here to receive your free Report.

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