Kelso & Company Acquires Individual FoodService
November 22, 2019
Kelso & Company has acquired a majority equity interest in Individual FoodService (IFS), a Bell, California-based distributor of foodservice disposables, packaging and janitorial/sanitation products, from prior investor Sole Source Capital. Kelso said it will partner with IFS management to accelerate the company's acquisition strategy, expand capabilities and invest in operations; Kenneth Sweder was appointed Chairman of the IFS board.
- Buyers
- Kelso & Company
- Targets
- Individual FoodService
- Sellers
- Sole Source Capital
- Industry
- Food & Beverage
- Location
- California, United States
- Transaction Type
- Buyout
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