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

FoodPrep Solutions Acquires Mamaroneck Grinding, Acute Grinding and Routes from Capone Grinding

July 27, 2021

Food & Beverage

FoodPrep Solutions completed three add-on acquisitions—Mamaroneck Grinding, Acute Grinding, and certain routes from Capone Grinding—expanding its cutlery exchange and foodservice equipment services footprint across the Mid‑Atlantic and northern New England. The deals, supported by platform sponsor TriSpan, extend the company's route-based distribution density along the Eastern Seaboard; financial terms were not disclosed.

FoodPrep Solutions Acquires Vidi Cutlery

May 28, 2021

Food & Beverage

FoodPrep Solutions, a TriSpan-backed cutlery exchange and foodservice equipment platform, has acquired Vidi Cutlery, a regional cutlery exchange and knife-sharpening business serving the greater Baltimore–Washington DC and central/northern Virginia markets. The deal expands FoodPrep Solutions' footprint in the mid-Atlantic and brings Vidi's leadership into the FoodPrep organization; financial terms were not disclosed.

TriSpan Rising Stars Acquires Majority Stake in Pho

August 2, 2021

Restaurants & Hospitality

TriSpan's Rising Stars restaurant fund has acquired a significant majority stake in Pho, the UK-based Vietnamese casual dining group that operates 30 restaurants and 3 cloud kitchens. The founders and management retain meaningful ownership and the business will be led by Patrick Marrinan as Managing Director with TriSpan supporting a UK and international growth plan; terms were not disclosed.

TriSpan Rising Stars Invests in L'Atelier Entrecôte & Volaille

May 18, 2023

Restaurants & Hospitality

TriSpan's Rising Stars restaurant program has invested in L'Atelier Entrecôte & Volaille alongside CEO Hubert Lansac to support a planned European rollout. Terms were not disclosed; the investment expands TriSpan's portfolio of restaurant investments across Europe.

TriSpan Acquires Majority Stake in Prestige PEO Holdings

January 11, 2021

Staffing & HR

TriSpan LLP (via TriSpan Opportunities LP and TriSpan Opportunities II LP) has completed a majority-investment acquisition of Prestige PEO Holdings, LLC (PrestigePEO), a Melville, New York-based professional employer organization. The capital will be used to accelerate Prestige's market expansion, enhance its technology infrastructure, and support organic growth as well as potential add-on acquisitions.

Freeman Spogli & Company Acquires Majority Interest in Five Star Food Service

March 28, 2019

Food & Beverage

Freeman Spogli & Company acquired a majority interest in Five Star Food Service, Inc., partnering with Five Star management and other investors. The private equity investment will support Five Star’s growth strategy across the Southeast — including organic expansion and add-on acquisitions — while financing was provided by Ares Capital Corporation and Varagon Capital Partners.