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

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.

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

April 15, 2025

Food & Beverage

Xceed Foodservice Group, a portfolio company of San Francisco Equity Partners, made majority investments in Ritchie Marketing and Littler Brokerage to expand its foodservice brokerage platform footprint across the Midwest and Southeast. The transactions increase Xceed's coverage to 27 states; terms were not disclosed and the management teams will continue to operate their businesses with significant retained equity.

San Francisco Equity Partners Acquires Majority Stake in DGS Retail

November 17, 2022

Manufacturing

San Francisco Equity Partners (SFEP) has acquired a majority stake in DGS Retail, a provider of décor, signage, fixtures, displays and related design, manufacturing and installation services for grocery, retail and foodservice customers. SFEP said the investment will provide DGS with additional operational resources and capital to drive growth across its multi-facility operations in the United States; terms were not disclosed.

San Francisco Equity Partners Acquires Formula Corp

February 20, 2025

Manufacturing

San Francisco Equity Partners (SFEP) has acquired a majority stake in Formula Corp, a Washington-based formulator and contract manufacturer of cleaning products for consumer and professional end markets. Formula Corp co-founders Chas Werner and Alan Gangl will remain shareholders; Alexander Hutton acted as exclusive financial advisor to Formula Corp. SFEP said it will support Formula’s growth leveraging its experience building private-label and specialty manufacturing businesses focused on sustainable formulations and eco-friendly packaging.

TriSpan-Backed FoodPrep Solutions Makes Add-on Acquisition in Foodservice Equipment Sales & Services

June 10, 2020

Restaurants & Hospitality

TriSpan Opportunities LP (TriSpan OF) established FoodPrep Solutions as a platform in January 2020 and, in June 2020, FoodPrep Solutions completed its first acquisition in the foodservice equipment sales and services sector (the platform's fifth acquisition overall). The platform, led by CEO Jim Mase and sponsored by TriSpan OF, will integrate route-based cutlery exchange and equipment sales & service capabilities to accelerate growth across restaurants, supermarkets, caterers, healthcare facilities and other foodservice end markets.