PE-backed merger creates Russell Hendrix Foodservice Equipment
Russell Food Equipment Ltd, a Vancouver provider of food service equipment and supplies (FE&S), has merged with Hendrix Hotel & Restaurant Equipment & Supplies Ltd, a Brockville, Ontario company that operates in the same industry. No financial terms were released for the deal, which created a new business, Russell Hendrix Foodservice Equipment. It will be "positioned as the market leader in the Canadian FE&S distribution industry," Mark Morris, a partner at U.S. private equity firm Blue Point Capital Partners, said. Blue Point acquired Russell last year. Russell Hendrix's CEO will be Larry Vander Baaren, who previously led Hendrix.
21 November 2016•3 mins read
