Source Capital Plans to Accelerate the Manufacturer’s Product Pipeline

Source Capital, a private equity firm, has acquired FEDA manufacturer member Kitchen Brains. The terms of the deal were not disclosed.

Based in Stratford, Connecticut, Kitchen Brains' brands include (FAST.) controls and timers, Modularm environment monitoring and QPM, an innovative SaaS production management solution that enables automation across restaurant cooking operations to ensure food is hot, fresh and available. Kitchen Brains serves a broad spectrum of customers, including some of the largest foodservice operators and original equipment manufacturers in more than 125 countries across the globe.

Source Capital is proud to partner with the Kitchen Brains team, led by CEO Christian Koether, to continue building on the company's more than 50 years of innovation. The acquisition follows the highly successful implementation of USA2020, a multimillion-dollar equipment investment by Kitchen Brains in its Connecticut manufacturing facility, and the company's recently announced partnership with Microsoft Azure to provide state-of-the-art connectivity and cloud-based business intelligence and advanced reporting. Source and the Kitchen Brains team plan to deepen the company's established customer relationships, while also targeting expansion opportunities for both its hardware and software offerings

“We are excited to partner with Source Capital, as this new relationship will enable us to accelerate our product pipeline, bolster our scalability and provide greater access to both financial and human capital resources, all of which benefit our customer base,” Koether said.

Ben Emmons, managing director at Source Capital, stated, “Kitchen Brains has built an impressive company, with deep industry relationships and global reach. We look forward to delivering added value and incremental resources to further build the business together.”