Archer Foodservice Partners to Acquire Sterno Foodservice Business (Carve-out from Compass Diversified)
March 31, 2026
Wynnchurch Capital portfolio company Archer Foodservice Partners has entered into a definitive agreement to acquire the foodservice division of SternoCandleLamp Holdings from Compass Diversified. The carve-out deal expands Archer’s foodservice consumables portfolio with Sterno’s portable food-warming and tabletop solutions (including chafing fuel and rechaud products). Closing is expected in the coming months, subject to regulatory approvals and customary closing conditions.
- Buyers
- Archer Foodservice Partners, Wynnchurch Capital, L.P.
- Targets
- SternoCandleLamp Holdings, Inc. (foodservice division / foodservice business carve-out)
- Sellers
- Compass Diversified (NYSE: CODI)
- Platforms
- Archer Foodservice Partners
- Industry
- Food & Beverage
- Location
- Texas, United States
- Transaction Type
- Addon
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