Kitchen Brains accelerates growth with investment from Source Capital
STRATFORD, Conn., May 19, 2022 /PRNewswire/ — Kitchen Brains® (the “Company”), a leading designer and manufacturer of fully integrated smart cooking computers, electronic controls and software solutions for commercial catering operations, is pleased to to announce that Source Capital, LLC (“Source”), a private equity firm, has acquired the Company. Terms of the agreement were not disclosed.
Situated at Stratford, ConnecticutBrains kitchen brands include (FAST)® controls and timers, Modularm® environment monitoring and QPM, an innovative SaaS production management solution that automates entire restaurant kitchen operations to ensure food hot, fresh and availableTM. Kitchen Brains serves a wide range of customers, including some of the largest foodservice operators and original equipment manufacturers (OEMs) in over 125 countries around the world. The company’s products enable customers to reduce costs, increase productivity and increase customer satisfaction.
Source Capital is proud to partner with the Kitchen Brains team, led by CEO Christian Koether, to continue to build on the company’s more than 50-year legacy of innovation. The acquisition follows the highly successful implementation of USA2020, a multi-million dollar equipment investment by Kitchen Brains in its Connecticut manufacturing plant, and the company’s recently announced partnership with Microsoft Azure to provide industry-leading connectivity, cloud-based business intelligence and advanced reporting. Source and the Kitchen Brains team plan to deepen the company’s established customer relationships, while also targeting expansion opportunities for its hardware and software offerings.
“We are excited to partner with Source Capital as this new relationship will allow us to accelerate our product portfolio, strengthen our scalability, and provide greater access to financial and human resources, all of which benefit our customer base,” said declared Christian Koether.
Ben EmmonsDirector General at source Capital, said: “Kitchen Brains has built an impressive company with deep industry relationships and global reach. We look forward to providing added value and additional resources for building the business together. »
For more information on Kitchen Brains, please visit: kitchenbrains.com.
About Source Capital
Source Capital, LLC is a private investment firm that invests in mature lower middle market companies across a range of industries. Source Capital’s investment strategy targets growing companies with more than $2 million in EBITDA looking for a growth-oriented partner. Since its creation in 2002, Source has completed over 115 investments in companies in the lower middle market. For more information, please visit: source-cap.com.
About Kitchen Brains
Founded in 1969, Kitchen Brains, kitchenbrains.commaintains its global headquarters and state-of-the-art manufacturing facility in Stratford, Connecticut. The brands of the company include (FAST.) ®, and Modularm® QPM offer an increasing number of products integrating KBconnectMT IoT/cloud connectivity, and can be found worldwide in major QSRs, casual and fine dining restaurants, convenience and grocery stores, schools, hospitals, stadiums and other facilities.
Contact: Jeff Gray
SOURCE Kitchen Brains