Diversified Foodservice Supply, a portfolio company of KRG Capital Partners, has acquired Franklin Machine Products, a distributor of foodservice repair parts.
Franklin Machine Products (FMP) was founded in 1918 and is a distributor of foodservice repair parts and accessory items. FMP has more than 13,000 SKU’s and operates out of 160,000 square feet of facility space in Lumberton, NJ (headquarters) and Las Vegas, NV (www.fmponline.com).
Diversified Foodservice Supply is a distributor parts, supplies, equipment, and accessories used in the foodservice industry. The company services many markets including restaurant equipment and supplies dealers, service agencies, restaurants, and institutions. The company is headquartered in Mt. Prospect, IL and has five distribution facilities located across the United States (www.allpointsfps.com)
KRG specializes in acquiring and recapitalizing unique and profitable middle-market companies. Since inception, KRG has invested in 44 platform companies and has completed 131 add-on acquisitions for those platforms. Founded in 1996, KRG has over $4 billion of capital under management and is based in Denver (www.krgcapital.com).
© 2012 PEPD • Private Equity’s Leading News Magazine • 12-12-12
