INDIANAPOLIS — Private equity firm Rotunda Capital Partners, L.L.C., has acquired IF&P Foods, L.L.C., a supplier of produce to the food service and retail industries. Financial terms of the transaction were not disclosed.
IF&P was formed through the merger of Indianapolis Fruit and Piazza Produce in 1997. The company also includes Garden Cut, Circle City Produce and Papania’s. The company provides fresh and packaged produce varieties, as well as partially prepared meal components, to approximately 7,500 customers throughout the Midwest, including grocery stores, restaurants, schools and food management companies. IF&P operates a fleet of more than 340 refrigerated trucks and five facilities totaling more than 225,000 square feet of warehouse space.
|Dan Lipson, partner at Rotunda Capital|