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KRG Capital Partners completes investment in AllPoints

KRG Capital Partners, a Denver-based private equity firm, has completed the acquisition of Consolidated Equipment Parts and its wholly owned subsidiaries, Consolidated Commercial Controls d/b/a AllPoints Foodservice Parts & Supplies and Tundra Specialties from Pfingsten Partners.

AllPoints is a distributor of maintenance, repair and operation (MRO) parts, supplies and equipment to the foodservice industry.

AllPoints is the ninth platform company for KRG’s USD1.96bn Fund IV and represents KRG’s third platform investment in the business services and distribution market.

"We are excited to partner with the AllPoints team,” says Ted Nark, managing director of KRG Capital. "We believe the AllPoints platform represents a compelling opportunity to invest in a differentiated and growing distributor of critical MRO parts, supplies and equipment to the foodservice industry. Under the exceptional guidance of its management team, AllPoints has established a leadership position in the industry. We are pleased to partner with AllPoints to support the company’s continued growth.”

"The AllPoints team is thrilled to partner with KRG to drive the next phase of the company’s growth,” says John Hanby, chief executive of AllPoints. “We were impressed with KRG’s deep experience in the distribution and business services sector. We are experiencing strong demand for our product offering and the added resources and expertise that the KRG team brings to bear will help us meet this demand for existing customers and continue to expand, both organically as well as through strategic acquisitions.”

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