LoneStar Restaurant Supply, an Austin, Texas-based foodservice equipment and supplies dealer, has acquired the assets of CPAPC Restaurant Design and Supply, a Dallas-based foodservice equipment and supplies dealership. In addition to purchasing CPAPC's assets, roughly ten employees, including sales, warehouse and other support staff are now employed by LoneStar, according to Mark Jansen, president of LoneStar. Other terms of the deal were not disclosed.
Like LoneStar, CPAPC first opened its doors in 1984 and features a solid cash and carry business, operating locations in the Texas cities of Arlington and Dallas. "After AceMart, we now have the largest number of showroom stores in the Dallas market," said Jansen.
Acquiring CPAPC was attractive to LoneStar for several reasons. First, it fits nicely within the dealership's growth plans. "Our strategy is to consolidate the market in and around where we are. We are not looking to expand outside those markets," Jansen said. As a result of this deal, LoneStar now operates seven locations, six in Texas and one in South Carolina.
The second reason this deal was attractive to LoneStar was the fact that the CPAPC sales staff has a strong relationship with independent restaurants in the areas it serves. "And they have to have the ability to leverage those capabilities into sales dollars," said Jansen. He added that although CPAPC does not have a dedicated street sales force at the moment, Jansen expects that to change.
This represents the fourth company LoneStar has purchased in the past four years. The others being ABC Hotel and Restaurant Supply, General Sales and Rush Restaurant Supply.
The previous owners of CPAPC, May, Michael and Steve Lam, will remain active in the business. LoneStar's Steve Schaefer will continue to manage the dealer's Texas division while Larry Polk remains responsible for the South Carolina Division, which goes to market under the General Sales name.