Elevate Service Group Closes Acquisition of TFI Food Equipment Solutions, a Leading Foodservice Equipment Distributor and Service Provider
Elevate Service Group completed the acquisition of TFI Food Equipment Solutions, adding over 60 technicians and securing exclusive equipment distribution rights for brands like Taylor and Henny Penny. The transaction increases Elevate's pro forma revenue base by approximately 80% to $90 million, which includes $5 million of recurring subscription revenue.
Key figures
- Revenue
- $90 million
- Shares issued
- 365000
- Recurring revenue
- $5 million
- Technicians added
- 60
- Revenue increase percentage
- 80%
AI analysis
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