J.W. Childs Associates, L.P., a private equity firm specializing in leveraged buyouts and recapitalizations of middle-market growth companies, is to acquire a majority interest in KeyImpact Sales and Systems, Inc., a sales and marketing agency to the foodservice industry, from Eos Partners.
The financial terms of the transaction, which is expected to close in the fourth quarter of 2015, were not disclosed.
The company intends to use the funds to continue to expand operations.
Founded in 2000 through the merger of Key Brokerage in New Jersey and Impact Sales in Maryland, and today led by Dan Cassidy, Chief Executive Officer, KeyImpact is a large independent foodservice sales and marketing agency. The company represents manufacturers of food, as well as packaging and supplies, and provides sales and marketing services to distributors and operators across all segments of the foodservice trade channel.
The company currently employs approximately 800 associates in 49 states with industry expertise in sales, marketing, culinary, K-12, military, college & university, contract feeding, retail, deli, national & regional commercial chains, recreation and distribution, as well as extensive product & category expertise.