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Kelso to purchase majority stake in Individual FoodService


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Kelso to purchase majority stake in Individual FoodService

Kelso & Co. LP is buying a majority stake in Perrin Bernard Supowitz Inc., doing business as Individual FoodService.

Middle-market private equity firm Sole Source Capital LLC sold the company, which distributes food service disposables and janitorial and sanitation products.

Individual FoodService also named Kenneth Sweder chairman. Sweder is CEO of SouthernCarlson.

Lincoln International LLC and Holland & Knight LLP provided advice to Sole Source and Individual FoodService, while Current Capital Partners LLC and Debevoise & Plimpton LLP advised Kelso.