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Strategic Equipment & Supply Corp

Strategic

Headquarters

Dallas, TX

Sector

Industrial Growth

Transaction Type

Private Equity Backed

Status

Realized

Description

A provider of foodservice equipment, supplies and services. The company provides traditional equipment distribution of over 50,000 products with a full range of value-added services, including equipment leasing, replacement parts, servicing, maintenance and the supply of consumable products. SESC has over 5,000 highly diversified restaurant, retail, commercial, educational, healthcare and other institutional customers across the country.

Value Creation Opportunity

  • Hired a new Chief Executive Officer and Chief Financial Officer and added a CenterOak Operating Partner to the Board of Directors
  • Completed the strategic acquisition of ISI, resulting in product and geographic expansion and an improvement in revenue mix to include value-added repair services and leasing
  • Realized substantial cost savings through rationalizing the operating and corporate footprint; lowered costs by negotiating volume discounts / rebates and introduced bidding and shipping controls that upgraded customer profitability
  • Implemented an inventory reduction initiative through the development of universal purchasing guidelines, stock level controls and local inventory processes
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