In a move to further support its ambitious acquisition and growth strategy in both new and existing markets, service agent Tech24 added Vestar Capital Partners as an investor. Existing Tech24 investors include HCI Capital Partners and the service agent’s management team.
The Society for Hospitality & Foodservice Management announced its 2023 – 2024 Board of Directors and Industry Advisory Board. Raquel Weiss Fusco, vice president, operations and client relations, elite | studio e, now serves as SHFM president.
Multiline foodservice equipment manufacturer CFS Brands has added to its portfolio by acquiring The Foodware Group, which manufactures and sells front-of-the-house and back-of-the-house supplies and smallwares. Founded in 2018, The Foodware Group consists of two more widely known foodservice brands: G.E.T. and Winco.
Lots of news from the manufacturer community. Multiline foodservice equipment manufacturer CFS Brands buys the parent company of G.E.T. and Winco. Carpigiani and Structural Concepts add to their teams. Additionally, Vulcan found its next VP after its announcement that Chris Stern will retire as vice president and general manager for the Baltimore, MD-based manufacturer.
The Society for Hospitality & Foodservice Management recognized the contributions of several of its members with a series of annual awards.
Marcone Commercial Kitchen Group, a distributor of parts for commercial foodservice equipment, added two people to its sales team: Donny Smith, southern regional director and Eric Holder, northern regional director.
Chris Stern will retire from his role as vice president and general manager of Vulcan, effective February 16, 2024. As part of the factory’s planned transition, Meghan Hurst will assume Stern’s role effective January 1, 2024, per a company release.
Structural Concepts added two foodservice industry veterans to its sales team.
Multiconcept operator FAT Brands has acquired Smokey Bones Bar & Fire Grill from an affiliate of Sun Capital Partners for $30 million. Smokey Bones, which has 61 corporate units, becomes FAT Brands’ first barbecue concept.