Senior Secured Credit Facility

Sole Lender and Admin Agent | November 2018

Sector: Distribution

AB Private Credit Investors (“AB-PCI”) acted as administrative agent and sole lender of a senior credit facility to support the merger of Trade Supplies, LLC (“Trade Supplies”), a portfolio company of Sole Source Capital (“SSC”), and Individual FoodService (“IFS”). The combined company creates one of the largest non-perishable foodservice distributor and packaging solution providers in California. AB-PCI leveraged its expertise and knowledge in the foodservice distribution and restaurant end-market industries to quickly and efficiently deliver a flexible structure.

With over 130 years of combined operating history, the combined company will distribute eco-friendly and custom-branded packaging, paper and plastic disposables, unique catering items, food products, janitorial supplies, healthcare facility products and other foodservice smallwares and equipment to its more than 5,000 weekly customers, which include fast casual, family-owned and major chain restaurants, food processors, caterers, bakeries, schools, large public venues, hospitals, healthcare facilities and foodservice distributors.

Founded in 2016 by David Fredston and an experienced group of private equity professionals, Sole Source Capital is an operationally-focused lower-middle market investment firm that targets investments in manufacturing, distribution, and industrial service companies.

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Brent Humphries

President and Founding Member

Patrick Gimlett

Managing Director

Justin Grimm

Managing Director

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