NAPERVILLE, Ill.--(BUSINESS WIRE)--4th Floor Investment Group, LLC (“4th FLOOR INVESTMENTS”), a privately-held holding company of diverse lower middle market manufacturing, distribution, and service companies, announced today it partnered with BrightPath Capital, Inc. & Marquette Capital Partners, Inc. to acquire Lemont, Illinois-based foodservice redistribution company, Consolidated Distribution Corporation (“CDC”).
CDC is the fastest growing quick-service restaurant and casual dining restaurant redistributor in the industry, providing supply chain management solutions for the top national franchisors and the most respected dry food, frozen food, packaging & janitorial supply manufacturers in the United States. The company buys from over 140 manufacturers and manages over 1,400 different SKUs. “CDC plays an integral role in helping its customers minimize their overall supply chain costs. We look forward to continuing the CDC tradition of exceptional customer service as well as looking for new and innovative ways to add value to our customers’ businesses,” said Mitch Rader, principal of BrightPath Capital and chairman of CDC.
In addition to partnering with BrightPath Capital of Carmel, IN and Marquette Capital Partners of Minneapolis, MN, 4th FLOOR INVESTMENTS also aligned itself with asset-based lender Chase Business Credit of Chicago, IL, a division of JPMorgan Chase & Co., to recapitalize CDC’s senior credit facility. Specific terms of this deal transaction were not disclosed.
Since its organization on March 18, 2002, 4th FLOOR INVESTMENTS has successfully invested in five strategic companies encompassing the microtechnology, medical device manufacturing, sports training services and food distribution industries. Upon reaching its six year anniversary 4th FLOOR INVESTMENTS has weathered the trails and tribulations of a fledgling firm and the challenges of the lower-middle market M&A world to emerge and succeed well beyond its original business plan. “Our firm has a great reputation offering the deep experience and resources necessary in growing our niche companies and investments. With our diversified portfolio of investments, 4th Floor Investment Group’s systemwide revenue forecast for 2008 is on track for $225 million – revenue run rate projections by 2011 are estimated at over $300 million,” remarked Thomas Geza Varga, CEO and Founder of 4th FLOOR INVESTMENTS. Thomas Geza Varga, 40, a versatile executive with over 18 years of experience in management and business development, is considered a change agent having proven success with startups and multi-unit operational enterprises. Before founding 4th FLOOR INVESTMENTS, Mr. Varga was President of RiverPoint Group, LLC of Overland Park, Kansas, a division of The L&D Group, LLC, a Montgomery, Illinois-based $130 million private holding firm.
4th Floor Investment Group, LLC is an Illinois holding company comprised of exemplary distribution, real estate, manufacturing and niche investments. In addition to managing our member companies & investments, we continually target leveraged mergers & acquisitions of lower middle market opportunities. To learn more about 4th FLOOR INVESTMENTS, please visit www.4thFloorGroup.com or call us at (630) 225-5737, Mon-Fri, 8:30 a.m. to 4:30 p.m. CT.
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