Source Capital, a private investment firm focused on lower middle-market companies, is pleased to announce the acquisition of Kitchen Brains (the “Company”). Kitchen Brains is a leading designer and manufacturer of fully integrated smart hardware and software solutions for commercial foodservice operations.
Headquartered in Stratford, CT, Kitchen Brains is a critical component supplier to the leading international foodservice equipment OEMs and restaurant brands. The Company not only has a well-established hardware brand, but also has developed an innovative production management software solution that enables automation across restaurant cooking operations.
“We are excited to partner with the Source Capital team, and we value the experience, insight, and resources they bring to accelerate our company’s growth,” said Christian Koether, CEO of Kitchen Brains.
Tom Harbin, Managing Partner at Source Capital, stated, “Kitchen Brains has built an impressive company over the past 50 years. We look forward to partnering with the Kitchen Brains team and further expanding the business together.”
About Kitchen Brains
Founded in 1969, Kitchen Brains continually leads the industry in the design, development, manufacturing and deployment of controls, monitors, sensors and IoT connectivity for foodservice outlets and original equipment manufacturers (OEMs) that reduce costs, drive productivity and increase guest satisfaction. Kitchen Brains brands, including (FAST.), Modularm and QPM, feature a growing number of products that incorporate IoT/cloud connectivity, and can be found in leading QSRs, casual and fine dining restaurants, convenience and grocery stores, schools, hospitals, stadiums and more globally. With corporate headquarters and a state-of-the-art factory in Stratford, CT, an advanced technology center in Fort Lauderdale, FL, and offices in London, Shanghai and Singapore, Kitchen Brains meets a wide range of customer needs, whether for an off-the-shelf product, a custom solution or contract manufacturing. To learn more about Kitchen Brains, please visit http://www.kitchenbrains.com.
About Source Capital, LLC
Source Capital, LLC is a private investment firm that invests in mature, lower middle-market companies across a range of industries. Source Capital’s investment strategy targets growing companies with greater than $2 million in EBITDA seeking a growth-oriented partner. Since its founding in 2002, Source Capital has made 24 equity platform investments, 51 add-on acquisitions and 40 debt investments. To learn more about Source Capital or to discuss a new equity or debt investment opportunity, please reach out to a member of our investment team.