BJ Beltram, a portfolio company of Trivest Partners, has acquired Louis Wohl and Sons, a provider of equipment, supplies, and design services to the foodservice industry.
Louis Wohl’s services include design and build capabilities, and foodservice design consultancy. The company’s wholesale distribution segment supplies glassware, flatware, and a range of equipment including ranges, stoves, microwave ovens, griddles and fryers.
The customers of the company are active in the hospitality, restaurant, healthcare and other food preparation sectors. Louis Wohl was founded in 1897 and is headquartered in Tampa (www.louiswohl.com).
Trivest formed BJ Beltram in May 2017 to acquire Kansas City, KS-based B&J Food Service Equipment and Tampa, FL-based Beltram Foodservice Group. The combined companies sell new and pre-owned commercial restaurant equipment, kitchen supplies, smallwares (glassware, flatware, dinnerware, pots and pans), furniture and design/project management services. BJ Beltram’s customers are active in the restaurant, lodging, education and healthcare industries (www.beltram.com).
The acquisition of Louis Wohl is the first add-on completed by BJ Beltram under Trivest ownership. The company will continue to pursue additional add-on opportunities to build scale and expand geographies. “We are very excited about our partnership with Louis Wohl. It fits with our long-term strategy to execute add-on acquisitions, add scale and build one of the leading foodservice equipment distributors in the US,” said Jorge Gross, Jr., a Partner at Trivest.
Trivest makes control and non-control investments in founder or family-owned businesses in the United States and Canada that have revenues of at least $25 million and cash flows of at least $5 million. Sectors of interest include manufacturing, distribution, business and healthcare services, and consumer industries. The firm was founded in 1981 and has completed more than 250 transactions totaling over $6 billion in value. Trivest is headquartered in Miami (www.trivest.com).
Trivest held a first and final closing of Trivest Fund VI LP with $600 million of capital commitments in September 2017. Fund VI was Trivest’s twelfth overall fund, seventh institutional fund and fifth fund focused on founder/family-owned investments.
© 2018 Private Equity Professional | May 15, 2018