Prospect Hill and KeyImpact Form Acxion Foodservice by Acquiring Advantage Solutions' Foodservice Businesses

Arbor Investments Acquires Acxion Foodservice from Prospect Hill Growth Partners

September 17, 2025

Food & Beverage

Arbor Investments, a private equity firm focused on food and beverage, has acquired Acxion Foodservice, a North American sales and marketing platform serving the foodservice channel, from Prospect Hill Growth Partners. The deal is Arbor Investments VI's second platform investment; Acxion's existing leadership team will remain in place and the transaction terms were not disclosed.

Prospect Hill Growth Partners Acquires Majority Stake in Lifestyle Solutions

July 10, 2021

E-Commerce

Prospect Hill Growth Partners acquired a majority stake in Lifestyle Solutions, a drop-ship supplier of upholstered home furnishings serving the e-commerce channel. The founder and other selling shareholders retained significant ownership, CEO Ana Arun remains in place, and the investment will support channel expansion, new product development, and scaling the company’s supply chain and distribution network.

Anthesis Group Acquires Provision Coalition Inc.

June 1, 2022

Environmental Services

Anthesis Group has acquired Provision Coalition Inc., a Guelph, Ontario-based consultancy specializing in sustainability for the agri-food and food & beverage sectors. The deal expands Anthesis' North American food and regenerative agriculture capabilities and integrates Provision's training and software solutions into Anthesis' global food team.

ECI Software Solutions Acquires ProfitKey International LLC

August 5, 2024

Software

ECI Software Solutions has acquired ProfitKey International LLC, a provider of ERP software for discrete manufacturers, to expand its manufacturing software portfolio. ProfitKey's team and ERP platform will join ECI’s Manufacturing division; financial terms were not disclosed.

CFS Brands Acquires Cornerstone Foodservice Group

December 4, 2025

Manufacturing

CFS Brands, the Oklahoma City–based foodservice products manufacturer, has acquired Cornerstone Foodservice Group (CFG), the Naperville, Illinois–headquartered owner of Spring USA, LloydPans, Equipex, Astra and Versa‑Gard. The deal brings CFG’s manufacturing footprint and complementary commercial foodservice equipment brands into CFS Brands’ portfolio to broaden product capabilities and deepen its front- and back-of-house offering.

Quad‑C‑backed Legacy Food Group Acquires Keck's Food Service, M&V Provisions, Thomsen Foodservice and Legacy Foodservice Alliance

September 8, 2023

Food & Beverage

Legacy Food Group, a new holding company backed by private equity firm Quad‑C Management, announced the acquisitions of Keck's Food Service, M&V Provisions, Thomsen Foodservice and Legacy Foodservice Alliance as founding operating divisions. The owner-operators will retain meaningful equity and operate autonomously while the platform will provide scale benefits — consolidated purchasing, supplier relationships, and coordinated sales and marketing — to build a super-regional foodservice distribution competitor.