News | January 30, 2019

Innovative Foodservice Group, A Portfolio Company Of Trivest Partners, Acquires JES Restaurant Equipment, Inc.

TAMPA, FLA.--(BUSINESS WIRE)--

Innovative Foodservice Group (IFG), formerly known as BJ Beltram, Inc., announces it has acquired JES Restaurant Equipment, Inc. (JES). Founded in 2008 by Vivian and Eric Smith and based in Greenwood, SC, JES sells equipment, supplies, furniture and smallwares to the foodservice industry. Over the Company's relatively short history, it has grown dramatically by selling products at highly competitive prices while offering superior service and support.

Vivian Smith, President of JES Restaurant Equipment stated, "we are thrilled to join the IFG team and we see that this partnership will generate even faster growth with access to a broader range of competitively priced products and distribution capabilities nationwide."

The JES purchase represents IFG's second acquisition as a Trivest Partners portfolio company, and the Company intends to continue to pursue additional add-on opportunities to build scale and expand geographies.

About Innovative Foodservice Group:

Innovative Foodservice Group (formerly BJ Beltram, Inc.) was formed in May 2017 and consists of three leading foodservice equipment (FSE) distributors: B&J Food Service Equipment, Beltram Foodservice Group and the Louis Wohl group of companies. IFG offers new and pre-owned commercial restaurant equipment, kitchen supplies, small wares, furniture and design/project management services. The Company serves a diversified customer base primarily in the restaurant, lodging, quick service, education and healthcare industries. Each of the Companies have built exceptional reputations for customer service and satisfaction in their respective markets and the combination of the three provides cross-selling of value-added capabilities and enhanced service efficiency. For additional information, please visit www.the-ifg.com.

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 250 transactions, totaling in excess of $6.0 billion in value. For additional information, please visit www.trivest.com.

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