The Innovative Foodservice Group Acquires Foodservice & Restaurant Supply (FRS)
April 19, 2023
The Innovative Foodservice Group (IFG) has acquired Foodservice & Restaurant Supply (FRS), a 50‑year regional distributor of commercial kitchen equipment and supplies with four showrooms across the Carolinas. The acquisition brings FRS’s local sales, showroom and distribution capabilities into IFG’s national foodservice distribution platform, and was led for the sellers by Viking Mergers & Acquisitions.
- Buyers
- The Innovative Foodservice Group
- Targets
- Foodservice & Restaurant Supply (FRS)
- Sellers
- Carl Novit, Don Ball
- Industry
- Food & Beverage
- Location
- South Carolina, United States
- Transaction Type
- Buyout
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