ATTLEBORO – TriMark USA Inc., a supplier of equipment, supplies and design services to the U.S. food-services industry, has completed its acquisition of Cleveland-based competitor S.S. Kemp & Co. Financial terms were not disclosed.
“The acquisition of S.S. Kemp will enhance TriMark’s growing national footprint and strengthen its supplies business,” said Geoffrey S. Renhert, co-CEO of the Audax Group, an investment firm with offices in Boston and New York that acquired TriMark in November. (READ MORE). “We continue to look for strategic add-on acquisitions that complement the company’s industry-leading service offering.”
The acquisition will strengthen TriMark’s presence in the Cleveland and Pittsburgh markets, the company said.
“We are excited to have closed our first add-on acquisition with the purchase of S.S. Kemp,” said Jerald Hyman, TriMark’s president and CEO. “We will continue to work with Audax to source and integrate add-on acquisitions as we expand our supplies business nationally to build upon our industry leading design and equipment services.”
Audax Group and TriMark were advised in the transaction by Ropes & Gray LLP; debt financing was provided through increased commitments from GSO Capital and BlackRock Kelso Capital.
TriMark USA Inc. trimarkusa.com, a South Attleboro-based supplier of food-services equipment, supplies and design services to more than 10,000 companies nationwide, is owned by the Audax Group, an investment firm that manages more than $2.4 billion in equity and mezzanine-debt capital. Additional information is available at trimarkusa.com and www.audaxgroup.com.
