Blue Point Capital Partners completed the recapitalization of Russell Food Equipment, a value-added distributor, manufacturer and service provider of foodservice equipment and supplies in Canada.
Founded in 1938 and based in Vancouver, Russell operates out of 14 distribution and three manufacturing facilities located across Canada, offering a broad assortment of equipment, supplies, parts and services to customers in the foodservice industry.
“The organic and external growth opportunities that Russell possesses are perfectly suited to benefit from the value-added resources and tools that Blue Point will bring to the partnership,” said Mark Morris, a partner with Blue Point.
The successful closing of Russell represents the fifth platform investment for Blue Point III, the firm’s third middle-market buyout fund.
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