Insights
Benchmark International Successfully Facilitated the Transaction Between International Restaurant Distributors, Inc. and Hart & Price Corporation
October 4, 2024
Benchmark International has successfully facilitated a transaction between Apopka, FL-based International Restaurant Distributors, Inc. ("IRD") and Dallas, TX-based Hart & Price Corporation ("H&P"). IRD, a distributor of high-quality food service equipment and supplies, and H&P, a trusted distributor and representative of commercial kitchen equipment and beverage supplies, bring a wealth of expertise to this strategic acquisition.
IRD, a family-owned business, has been a trusted Florida Corporation in good standing since its founding in 1984. For four decades, the company has provided exceptional service to commercial clients, including well-known national restaurant franchises, schools, and correctional facilities across the Southeastern United States. Known for its commitment to quality and customer satisfaction, IRD has built long-lasting relationships with its clients and continues to be a leader in its field, a reputation that will only be enhanced by this acquisition.
You built a great company; now build a great exit plan.
Hart & Price has been a trusted distributor and representative of commercial kitchen equipment and beverage supplies for the past 40 years. The company specializes in serving the beverage, ice, and commercial refrigeration industries. With a strong focus on quality and reliability, the company has built a solid reputation across the Southern United States, providing businesses with the equipment they need to operate efficiently.
"We are excited to see this synergistic acquisition come to fruition. IRD President Michael Schutz and the team have established an impressive business built on years of knowledge in the restaurant industry and equipment expertise. Both International Restaurant Distributors and Hart & Price celebrate 40 years of providing quality products and top-notch service to clients in their respective geographies; now joining forces to strategically position for the future. We wish the combined team continued success." - Andrew Laufenberg, Senior Deal Associate with Benchmark International
Share This Post
Categories
Get These Insights Delivered Directly To Your Email
Explore our curated collection today and stay ahead of the curve in M&A.
Related Posts
Why Negotiating the Tough Stuff Upfront in a Letter of Intent is Crucial in M&A TransactionsWhen you're selling your business, the most challenging negotiations are the ones that often get pushed aside, but they are the ones that should be tackled upfront. The ESOP Advantage in M&A: What Buyers and Sellers Need to KnowESOPs have a special place in the business world. There's a bit of mystery around them as they are outside of typical business structures, and many need to understand how they work, much less their role in an M&A transaction. Some ESOPs seeking to sell are curious if they can do so with an ESOP in place. Others looking to buy or be bought out by an ESOP aren't sure of the proceedings. Fortunately, Benchmark has managed both situations and can navigate deals with these added layers of complexity.