Press absolution agreeable from PR Newswire. The AP account agents was not complex in its creation.
Click to copy
STRATFORD, Conn., May 19, 2022 /PRNewswire/ — Kitchen Brains® (the “Company”), a arch artist and architect of absolutely chip acute affable computers, cyberbanking controls and software solutions for bartering foodservice operations, is admiring to advertise that Source Capital, LLC (“Source”), a clandestine disinterestedness firm, has acquired the Company. The agreement of the accord were not disclosed.
Based in Stratford, CT, Kitchen Brains brands accommodate (FAST)® controls and timers, Modularm® ambiance ecology and QPM, an avant-garde SaaS assembly administration band-aid that enables automation beyond restaurant affable operations to ensure aliment is hot, beginning and availableTM. Kitchen Brains serves a ample spectrum of customers, including some of the better foodservice operators and aboriginal accessories manufacturers (OEMs), in added than 125 countries beyond the globe. The Company’s articles accredit barter to abate costs, drive abundance and admission bedfellow satisfaction.
Source Basic is appreciative to accomplice with the Kitchen Brains team, led by CEO Christian Koether, to abide architecture on the Company’s 50 year bequest of innovation. The accretion follows the awful acknowledged accomplishing of USA2020, a multimillion-dollar accessories advance by Kitchen Brains in its Connecticut accomplishment facility, and the Company’s afresh appear affiliation with Microsoft Azure to accommodate avant-garde connectivity and cloud-based business intelligence and avant-garde reporting. Source and the Kitchen Brains aggregation plan to deepen the Company’s accustomed chump relationships, while additionally targeting amplification opportunities for both its accouterments and software offerings
“We are aflame to accomplice with Source Capital, as this new accord will accredit us to advance our artefact pipeline, bolster our scalability and accommodate greater admission to both banking and animal basic resources, all of which account our chump base,” said Christian Koether.
Ben Emmons, Managing Director at Source Capital, stated, “Kitchen Brains has congenital an absorbing company, with abysmal industry relationships and all-around reach. We attending advanced to carrying added amount and incremental assets to added body the business together.”
For added advice about Kitchen Brains, amuse visit: kitchenbrains.com.
About Source CapitalSource Capital, LLC is a clandestine advance close that invests in mature, lower middle-market companies beyond a ambit of industries. Source Capital’s advance action targets growing companies with greater than $2 actor in EBITDA gluttonous a growth-oriented partner. Since its founding in 2002, Source has fabricated over 115 investments in lower middle-market companies. For added information, amuse visit: source-cap.com.
About Kitchen BrainsFounded in 1969, Kitchen Brains, kitchenbrains.com, maintains its all-around address and avant-garde accomplishment ability in Stratford, Connecticut. Aggregation brands, including (FAST.)®, Modularm® and QPM, affection a growing cardinal of articles that absorb KBconnectTM IoT/cloud connectivity, and can be begin globally in arch QSRs, accidental and accomplished dining restaurants, accessibility and grocery stores, schools, hospitals, stadiums and added facilities.
Contact: Jeff GrayKitchen Brains(203) [email protected]
View aboriginal agreeable to download multimedia: https://www.prnewswire.com/news-releases/kitchen-brains-accelerates-growth-with-investment-from-source-capital-301550828.html
SOURCE Kitchen Brains