Heritage Food Service Group Inc., a distributor of OEM service and replacement parts for commercial food services equipment, has entered into an agreement to acquire the Toronto-based R.G. Henderson & Son Ltd., which operates in the same industry sector. Financial terms of transaction, which is expected to be completed within weeks, were undisclosed. The Fort Wayne, Indiana-based Heritage Food Service has been a portfolio company of US private equity firm The Jordan Company since 2011.
Heritage Food Service Group, Inc. today announced that it has reached agreement to acquire R.G. Henderson & Son, Ltd. of Toronto for an undisclosed amount.
Founded in 1896, R.G. Henderson is today the largest Food Equipment Repair and OEM Parts Distributor in the Ontario region of Canada.
“This acquisition will position Heritage to accelerate its expansion into the Canadian market,” said John T. McDonough, CEO of Heritage Food Service Group, Inc. “We are very pleased to be partnering with the most respected aftermarket service and OEM parts provider in the Canadian space. The clear opportunity is to build upon the respective strengths of both businesses to create a new whole in Canada that is greater than the sum of its individual parts,” he continued.
“We, too, are pleased and excited to be joining the Heritage team,” said Rick Blum, President and CEO of R.G. Henderson & Son, Ltd. “We see great opportunities ahead for the new business. A foundational excellence in aftermarket service will be complemented by a tremendous opportunity, in partnership with Heritage, to expand our combined OEM parts distribution footprint in Canada.,” he added
Heritage and R.G. Henderson expect to complete the transaction within the next two weeks.
About Heritage Food Service Group, Inc.
Founded in 1987 in Fort Wayne, Indiana, Heritage has grown into the largest independent distributor of OEM service and replacement parts for commercial foodservice equipment in North America. Powered by a team of over 140 parts specialists backed by the industry’s largest inventory of OEM parts, Heritage serves over 600 equipment manufacturers with seamless distribution to the extended communities of service agents and self-service end-use operators across the US and Canada.
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