SAN FRANCISCO--(BUSINESS WIRE)--Xceed Foodservice Group (“Xceed”), a portfolio company of San Francisco Equity Partners (“SFEP”), today announced investments in Culinary Resources and Select Foodservice – two high-performing foodservice brokerage companies operating in Florida and Tennessee, respectively. Terms of the deals were not disclosed.
“We are thrilled to welcome the teams from Culinary Resources and Select Foodservice to Xceed,” said Darin Pounds, CEO of Xceed. “Both organizations are comprised of high-quality people, and our partnership with these two leading independent brokerages will expand our reach and enhance the service that we provide to our clients.”
The investments mark Xceed’s third and fourth since the platform was established earlier this year. The management teams of both Culinary Resources and Select Foodservice will continue operating their businesses and collectively retained significant equity ownership in Xceed.
“Our partnership with Xceed will benefit our manufacturers, operators and employees alike, as we will continue to deliver exceptional localized service while leveraging the benefits of the growing platform,” said Rob Anderson, co-owner of Culinary Resources.
Bubba Asher, co-owner of Culinary Resources, added, “Xceed will be a great fit for our company, and the partnership will allow us to service our loyal clients even more effectively and provide a springboard for continued growth.”
About Xceed Foodservice Group
Xceed Foodservice Group is a brokerage organization that provides sales and marketing services to food suppliers within the foodservice ecosystem. Xceed was initially formed through partnership with Sales Concepts, Inc. and Donovan Food Brokerage, Inc., both high-performing brokerage companies in their respective territories in the U.S. Southeast and Midwest. The platform will continue to expand its geographical reach through partnership with additional best-in-class regional foodservice brokerages in complementary markets. For more information, please visit https://www.xceedfoodservicegroup.com/.
About San Francisco Equity Partners
San Francisco Equity Partners is a private equity firm focused exclusively on partnering with lower middle market companies across the consumer value chain. To each of its partner companies, SFEP serves as an extension of the management team and provides both extensive operating experience and a broad network of relationships across the consumer landscape. For more information, please visit www.sfequitypartners.com.
