Great deal, business deal closed

Harris Williams, a global investment bank specializing in merger and acquisition advisory services, announces it advised Brady Industries (Brady), a portfolio company of A&M Capital Partners (AMCP), on its sale to Individual FoodService (IFS), a portfolio company of Kelso & Company (Kelso). Brady is a full-line janitorial supply, equipment and foodservice distributor.

The transaction was led by Bob Baltimore, Graham Gillam, Pete Morgan and Maury Nolen of the Harris Williams Specialty Distribution Group.  

“The combination of Brady and IFS creates a leading distributor of foodservice disposables and jan/san products within a specialty distribution industry with strong investor interest for high quality assets,” said Bob Baltimore, a managing director at Harris Williams, in a press release. “Brady and IFS now bring together two companies that stand out for their customer service, immense product expertise, operational excellence and devoted leadership teams.”

At the heart of Brady’s operation is a community-minded culture driven by a workforce of more than 500 employees currently in 26 locations throughout Arizona, Arkansas, California, Colorado, Idaho, Kansas, Maryland, Missouri, Nevada, New Mexico, Oklahoma, Texas, Tennessee, Utah and Washington, D.C., including its original Las Vegas headquarters. Brady’s approach to partnership is unique by providing integrated customer support, expertise, technical support and service across a full spectrum of customer needs including extensive facility offerings, complete dish machine and laundry machine service, equipment sales, rentals and service, and foodservice supplies. Brady provides these specialized solutions for customers in key commercial market segments including hospitality, education, healthcare, government, building service contractors and more.

Headquartered in Bell, California, IFS distributes paper, plastic, packaging, food, janitorial, sanitation and smallware products to restaurants, healthcare facilities, hospitality establishments, schools and universities, government institutions, wholesalers, food processors, and foodservice management institutions. Since its early beginnings as one of the very first Dixie cup distributors in Southern California, IFS has dedicated itself to offering a broad and unique array of goods at competitive prices with a heavy emphasis on integrity, while providing clients with excellent, honest service through comprehensive industry, product and supply chain expertise.