Individual FoodService Announces Acquisition of Brady Industries

Kelso is pleased to announce that Individual FoodService, a portfolio company of Fund X and affiliated entities, and a leading distributor of foodservice disposables and janitorial and sanitation (“JanSan”) products, has announced that it will merge with Brady Industries (“Brady”), a leading JanSan distributor, which is headquartered in Las Vegas, NV. Terms of the transaction were not disclosed. The combination of Brady and IFS will result in one of the largest and most balanced providers of foodservice disposables and JanSan products, with true expertise in its space and revenues divided equally across both product portfolios. The combined enterprise provides numerous benefits, including: the ability to cross-sell more complete and complementary product portfolios to our customers, further end market and geographic diversification, additional scale, a significant expansion of our distribution footprint with 38 combined facilities, and additional leadership talent and depth.