Xceed Foodservice Group Acquires Majority Stakes in Ritchie Marketing and Littler Brokerage

Xceed Foodservice Group Invests in Culinary Resources and Select Foodservice

July 17, 2024

Food & Beverage

Xceed Foodservice Group, a platform backed by San Francisco Equity Partners, announced investments in two regional foodservice brokerages: Culinary Resources (Florida) and Select Foodservice (Tennessee). The transactions expand Xceed's geographic coverage and add local sales-and-marketing capabilities to its growing national brokerage platform; management teams retained significant equity and will continue to operate their businesses.

San Francisco Equity Partners Forms Xceed Foodservice Group Through Investments in Sales Concepts and Donovan Food Brokerage

May 22, 2024

Food & Beverage

San Francisco Equity Partners (SFEP) has invested in Sales Concepts, Inc. and Donovan Food Brokerage, Inc. to create Xceed Foodservice Group, a platform that will partner with regional foodservice brokerages. The founder-owners of the brokerages retain meaningful equity and will lead the Xceed platform as it expands sales and marketing services for food suppliers across the U.S.

Xceed Foodservice Group Invests in Stillwater Provisions

October 29, 2025

Food & Beverage

Xceed Foodservice Group, a portfolio company of San Francisco Equity Partners, has made an investment in Stillwater Provisions, expanding Xceed's coverage into the Mid‑Atlantic and increasing the platform’s footprint to 33 states. Management of Stillwater will continue to operate the business and retain significant equity; terms were not disclosed.

Granite Creek Capital Partners Acquires Ritchie Industries

January 16, 2025

Agriculture

Granite Creek Capital Partners has acquired Ritchie Industries, a century-old manufacturer of automated livestock watering products headquartered in Conrad, Iowa. The transaction is supported by an investment from Rural American Fund and a rollover by Ritchie's management and employees to fund product innovation and expand Ritchie’s presence in existing and international livestock markets.

Clairvest Makes Minority Investment in Redstone Food Group

November 25, 2024

Food & Beverage

Clairvest Group Inc., together with its fund Clairvest Equity Partners VII (CEP VII), made a minority equity investment in Redstone Food Group, a Toronto-area commercial bakery focused on in-store bakery and private-label co-packing. The capital will support Redstone's growth and scaling initiatives across North America while founder Rob Wheeler remains the majority owner and CEO.

Xceedance Acquires Millennium Information Services

September 27, 2024

Data & Analytics

Xceedance has acquired Millennium Information Services, a leading U.S. property inspection and data analytics provider, adding nearly 200 team members and a nationwide contractor network of more than 1,300 inspectors. The deal strengthens Xceedance's underwriting support and analytics capabilities—accelerating its expansion in personal lines and enabling broader inspection- and data-driven services for carriers and MGAs via Millennium's MAPS platform.