BROCKVILLE, Ont. — Blue Point Capital Partners has acquired controlling interest in Hendrix Hotel & Restaurant Equipment and Supplies. Effective immediately, Canada’s two largest foodservice-equipment dealers, Hendrix and Russell Food Equipment, will become one company under the banner of Russell Hendrix Foodservice Equipment.
“The complementary geographic exposure, product diversification and sales structure is game changing for our current platform investment in Russell,” says Mark Morris, a partner with Blue Point. “The combined company will be positioned as the market leader in the Canadian FE&S distribution industry — more than four times larger than the next biggest competitor. We expect this merger to be transformative for both companies, as it will position the combined, seasoned management team to considerably expand capabilities and achieve greater growth.”
The merger accelerates the combined company’s ongoing expansion strategy and further establishes them as the premier FE&S dealer in Canada’s top metro markets.
“Russell has been a leader in the foodservice equipment and supplies industry for over 75 years, due to its comprehensive capabilities,” says Larry Vander Baaren, Russell Hendrix CEO. “The combination of Russell and Hendrix is a highly strategic, value-enhancing step that brings together the unique strengths of two great companies to deliver best-in-class capabilities. We are thrilled about the opportunities this merger will create for our customers, as well as our employees and business partners.”