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IF&P Foods Acquired by Rotunda Capital

Rotunda Capital Partners, a lower middle-market private-equity firm, has acquired IF&P Foods for an undisclosed sum. The company will use this acquisition to further its position as a leading produce distributor in the Midwest.

“Our investment in IF&P is in line with Rotunda’s proven approach of acquiring family and founder-owned distribution companies and partnering with strong management to expand on their existing value proposition,” said Corey Whisner, partner at Rotunda Capital. “What IF&P has built over the better part of a century is truly impressive, and we’re committed to helping them achieve new heights through both organic growth as well as potential acquisitions to expand their offerings.”

Founded in 1997, IF&P Foods sells fresh and packaged produce, in addition to partially prepared meal ingredients, to approximately 7,500 grocers, restaurants, schools and food management companies throughout the Midwest. Private-equity firm Rotunda Capital Partners invests equity capital in established and profitable lower middle-market companies. The company has completed 10 platform investments and realized three exits since 2009..