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Article: TriMark Acquires S.S. Kemp & Co.
- Article from:
- Foodservice Equipment & Supplies
- Article date:
- July 1, 2007
CopyrightCOPYRIGHT 2007 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Staff
In a transaction that could be the sign of things to come for the dealer community, South Attleboro, Mass.-based TriMark USA Inc. has acquired S.S. Kemp & Co. in Cleveland. Current management and staff at S.S. Kemp will remain in place.
'There has not been in our industry a major acquisition like this since the roll-ups stopped seven years ago,' said Jerry Hyman, TriMark president. 'People are very surprised.'
The deal comes just six months after the Audax Group purchased TriMark from Bradford Equities Management, LLC. According to Hyman, the dealer's new owners gave him the green light to grow the company through acquisition. And, S.S. ...