Trivest Announces the Recapitalization of B&J Food Service Equipment & Beltram Foodservice Group

MIAMI--()--Trivest Partners (“Trivest”) announces it has recapitalized B&J Food Service Equipment and Beltram Foodservice Group to create BJ Beltram, Inc. (“BJ Beltram” or the “Company”). The BJ Beltram transaction represents the 13th platform investment in Trivest Fund V, a $415 million fund dedicated to investing in founder/family-owned businesses.

BJ Beltram is the combination of two leading foodservice equipment (FSE) distributors: B&J Food Service Equipment, based in Kansas City, KS and Beltram Foodservice Group, based in Tampa, FL. BJ Beltram offers new and pre-owned commercial restaurant equipment, kitchen supplies, smallwares, furniture and design/project management services. The Company serves a diversified customer base primarily in the restaurant, lodging, education and healthcare industries. Both Companies have built exceptional reputations for customer service and satisfaction in their respective markets and the combination of the two will provide additional scale, allow for the cross-selling of value-added capabilities and enhance service efficiency.

“The partnership with Trivest will allow B&J and Beltram to realize our growth plans,” said Robert Pickering, the Company’s CEO. “When Dan [Beltram] and I decided to join forces, Trivest’s culture and unique programs for founders made them the clear choice as a capital partner. Additionally, their 35 years of experience in investing in founder and family-owned businesses will be very useful as we target add-on acquisitions. We are excited about the partnership and this new chapter of growth for our company.”

Jorge Gross, Partner at Trivest, commented, “We are very excited to be partnering with B&J and Beltram. This opportunity fits squarely within Trivest’s core strategy of investing in growing, founder-owned businesses. The combination of B&J and Beltram presents a unique opportunity for growth, both organically and through acquisition and we are looking forward to supporting the Company in achieving its goals while maintaining the extraordinary service levels our customers have come to expect.”

About Trivest Partners:

Trivest Partners is a private investment firm that focuses on partnering with founder/family owned businesses in the United States and Canada. Since its founding in 1981, Trivest has completed more than 225 transactions, totaling in excess of $5.5 billion in value. For additional information, please visit www.trivest.com.

Contacts

Trivest Partners
Troy Templeton, 305-858-2200

Contacts

Trivest Partners
Troy Templeton, 305-858-2200