Debevoise Advises Kelso & Company in Its Acquisition of a Majority Equity Interest in Individual FoodService

21 October 2019

Debevoise & Plimpton LLP is advising Kelso & Company in its acquisition of a majority equity interest in Individual FoodService (“IFS”), a leading distributor of food service disposables and janitorial and sanitation products, from Sole Source Capital. Read the company press release here

Kelso has been investing in private equity for over 35 years. Since 1980, Kelso has invested approximately $14 billion of equity capital in 127 transactions. IFS distributes paper, plastic, packaging, food, janitorial, sanitation and smallware products to restaurants, healthcare facilities, hospitality establishments, country clubs, schools, universities, government institutions, wholesalers, food processors and foodservice management institutions. Sole Source Capital is a private equity firm that targets investments in lower middle market companies.

The Debevoise team is led by M&A partners Michael Diz and Jennifer Chu and includes M&A associates Joshua Allen, David Iozzi and Yana Mereminsky, finance partner Scott Selinger and associates Christine Shu Gilleland and Vivian Depietro, tax partner Michael Bolotin and associate David Rock, employee benefits counsel Michael Snypes and associate David Deutsch, and intellectual property partner Henry Lebowitz and associate Ben Sundholm.