KeyImpact Sales & Systems, Inc., an American independent foodservice sales and marketing agency, has closed a minority equity investment from Eos Partners, L.P. and its affiliates, a New York based private investment firm.
The terms of the transaction were not disclosed.
The company intends to use the funding to expand geographical coverage, service offerings and infrastructure, even through acquisitions.
Following the transaction, KeyImpact’s senior management – led by President and CEO Dan Cassidy – will remain in place and there will be no change in the operations. Management and employees continue to collectively maintain majority ownership of the company.
Founded in 2000, through the merger of Key Brokerage in New Jersey and Impact Sales in Maryland, KeyImpact is today a large independent food service sales and marketing agency. It represents manufacturers of food, packaging and supplies providing sales and marketing services to distributors and operators across all segments of the food service trade channel. The company currently employs over 600 associates in 32 states with industry expertise in sales, marketing, culinary, K-12, military, college and university, contract feeding, retail, deli, national and regional commercial chains, recreation and distribution as well as extensive product and category expertise.