Forbes M+A: to acquire The Restaurant Source

Greenwood Village / CO. (tp) The Forbes M+A Group, a leading transaction advisory firm, is pleased to announce the successful acquisition of its client, The Restaurant Source. The Forbes M+A Group senior advisors, Jim Johnson and Bill Nack, served as the exclusive financial counsel to Restaurant Source for this transaction.

«The Restaurant Source has been a well-respected, family-owned business for over forty years», said Jim Johnston, Managing Director for The Forbes M+A Group. «Multiple generations have worked hard to build this company into an undeniable industry leader and we are honored they trusted us to help them complete a successful transaction that will extend the company’s legacy for many years to come. It was a pleasure to get to know all of them and we are extremely happy to have helped orchestrate a deal that met the diverse needs of the entire family».

Founded in 1951, The Restaurant Source designs, sells and installs food service supplies and equipment to customers in Colorado’s Front Range. The Restaurant Source’s website, one of the most comprehensive food service supply and equipment resource on line, was launched to give customers the ability to shop at their own time and pace. «As a family-owned business we had many different people involved with many different selling objectives», said Arnie Schatz, CEO of The Restaurant Source. «The Forbes M+A Group took the time to get to know us. Through this knowledge of our company, they were able to find the right buyer to meet everyone’s goals. We are very appreciative of all they did for us».

The Forbes M+A Group specializes in providing senior-level advice to lower and middle market businesses. «The Restaurant Source has a strong foothold in a strategic market and extensive industry expertise», said Bill Nack, Managing Director at The Forbes M+A Group. «Although family-owned business transactions can be complicated, the relationship we had with the decision makers at The Restaurant Source allowed us to help them successfully navigate the intricate selling process and achieve an outcome that met their monetary and cultural-fit goals. We wish both parties all the best going forward».

Details on the acquirer and transaction can be found at BE in the Kitchen.