Sale of Pinnacle Equipment Group, Inc. To Strategic Equipment and Supply Corporation
For Immediate Release
Chicago, Illinois-based Arbor Private Investment Company announced today that it has sold The Pinnacle Equipment Group, Inc. to Strategic Equipment and Supply Corporation. Pinnacle is one of the largest dealers/distributors of foodservice equipment and services in the United States. The purchase price was not disclosed.
Pinnacle is one of the only integrated dealers/distributors of foodservice equipment with in-house leasing, service and supply capabilities. The Company is particularly strong in the commercial refrigeration segment, where it is the second largest independent distributor and servicer of Scotsman commercial ice systems in North America.
“Pinnacle has performed extremely well during our ownership, and should be a wonderful addition to Strategic Equipment’s operations”, said Joseph Campolo, Arbor Partner. “Pinnacle’s Texas subsidiary fits nicely with Strategic Equipment’s footprint and will bolster their presence in service and leasing.”
Chicago, Illinois-based Arbor Private Investment Company is one of the only private equity firms in North America that concentrates exclusively on the food, beverage and related industries.
For more information, please contact Gregory Purcell (312-981-3780) or Joseph Campolo (312-981-3781).