For the second time in less than a week, one of the top 100 foodservice equipment and supplies dealers in the country has been acquired. In this case, Florida-based Johnson-Lancaster and Associates has purchased California-based IFE Group/SCRDG. The financial terms of the deal were not disclosed.

Johnson-Lancaster reported revenues of $379.00 million in 2023, making it the ninth largest dealer in the country, per FE&S 2024 Distribution Giants Study. IFE Group/SCRDG reported revenues of $37.82 million in 2023, making it the 54th largest dealer in the country.

IFE Group/SCRDG will continue to go to market with the same name and under the same leadership, per a release announcing the deal. IFG Group/SCRDG’s client base includes chain restaurants, independent restaurants and government entities, the release added.

News of this deal comes days after Singer Equipment Co. purchased Hotel & Restaurant Supply.

Source fesmag.com