Private equity firm Trivest Partners has acquired two foodservice equipment and supplies dealers: B&J Food Service Equipment and Beltram Foodservice Group. The companies will now go to market as BJ Beltram Inc.
Beltram, based in Tampa, Fla., reported annual revenues of $40.36 million for 2016, making it the 38th largest foodservice equipment and supplies dealer in the country, according to FE&S’ 2017 Distribution Giants Study. FE&S estimated Kansas City, Kan.-based B&J had $24.10 million in revenues in 2016, making it the 64th largest dealer in the country. Combined, the two companies would rank among the top 30 dealers in the country, according to data from FE&S’ 2017 Distribution Giants Study.
According to a release announcing the deal, this combination of the two companies will provide “additional scale, allow for the cross-selling of value-added capabilities and enhance service efficiency.”
Robert Pickering will serve as CEO of the company. Other terms of the deal were not disclosed.