Kelso Fund X Announces Investment in Individual FoodService

IFS is a leading distributor of foodservice disposables (“FSD”), janitorial & sanitation supplies (“Jan-San”), and non-perishable food products to over ~4,500 customers in the southwestern United States, with a primary focus on the California market. IFS serves as a supply chain partner to its customers by providing a comprehensive portfolio of low-cost, consumable items, as well as value-added consulting expertise and inventory management. As a regional market leader, IFS benefits from several sources of differentiation, including scale, geographic reach, and breadth of product offering, among others, allowing it to maintain entrenched relationships with its customers, which include quick service restaurants, independent restaurants, healthcare facilities, universities, and government institutions. IFS has achieved impressive growth historically and is well-positioned to capitalize on significant future organic and inorganic growth opportunities.