KRG Capital Partners, a Denver-based private equity firm, has sold Diversified Foodservice Supply, a leading distributor of maintenance, repair, and operations parts, supplies, and equipment to the U.S. foodservice industry, to New Mountain Capital, an investment firm that currently manages more than $15 billion in assets. Terms of the deal were not disclosed.

DFSI currently operates through multiple brands including AllPoints Foodservice Parts & Supplies, Tundra Restaurant Supply, Franklin Machine Products, Mill Hardware, and Restaurant Parts & More.