SINGER EQUIPMENT COMPANY, INC. ACQUIRES BUSINESS OF 
HOTEL & RESTAURANT SUPPLY

Strategic Acquisition Expands Company Reach Into Southeast

Fred Singer, President and CEO of Singer Equipment, is pleased to announce the acquisition of the business of Hotel & Restaurant Supply, the largest foodservice equipment dealer in the Southeast.  Headquartered in Meridian, Mississippi, with six additional locations throughout Mississippi, Alabama, Tennessee, and Louisiana, Hotel & Restaurant Supply is well positioned to support the dynamic growth of the Southeast US Foodservice Market. The new division will operate under the name Singer H&R.

Mason Greene, Chairman of Hotel & Restaurant Supply, shared, “My family and I, over three generations, along with our dedicated team, have had the privilege of growing Hotel & Restaurant Supply to become the leading foodservice equipment dealer in the Southeast. We have selected Singer as our partner to accelerate our next phase of growth. The Singer family shares our values of service to our customers and care for our employees.  I am excited by the meaningful opportunities for both our customers and employees that come from joining the strengths of these two family businesses.” Mason will be joining Singer H&R as a Managing Director of the Company reporting to Fred Singer.

Fred Singer says, “I am thrilled to support the entire Hotel & Restaurant Supply organization in its growth plans.  Hotel & Restaurant Supply, and the Greene family, are recognized leaders in the industry with broad respect from vendors and customers, and a reputation for integrity and excellence. Together we will bring new opportunities to our customers and co-workers alike. We look forward to expanding our company into the fast-growing Southeast.”

Marcus Lyon, the President of Hotel & Restaurant Supply, will continue as President of Singer H&R, reporting directly to Fred Singer.  Marcus Lyon says, “I am delighted to be joining the Singer team.  This was a perfect fit as both companies are family owned and share the same values, culture alignment and strategic initiatives.  I am excited for the future and what this opportunity brings to our customers, our people as well as all our vendor partners.  As a company, we will continue to focus on strong growth and the benefits from our new scale and resources as a result of this transaction.”

Seth Feldman, CFO of Singer, notes, “Singer Equipment Company continues to look for strategic acquisitions that strengthen our position of providing comprehensive foodservice solutions.  Hotel & Restaurant Supply has a track record of success and is well positioned for growth. We look forward to welcoming the entire Hotel & Restaurant Supply organization to Singer.”

Singer Equipment Company, the fourth largest foodservice equipment and supply dealer in the United States, remains privately owned and operated in its third generation of family leadership. Headquartered in Elverson, Pennsylvania, Singer maintains offices and team members throughout the US. President and CEO Fred Singer is committed to aggressive organic growth as well as strategic acquisitions that continue to provide our customers with best-in-class service.

Entrepreneur Partners served as the financial advisor to Singer Equipment. For more information about Singer Equipment visit www.singerequipment.com or contact Katie Gartman, Creative Director, at kgartman@singerequipment.com.