Billow Butler & Company Advises Sertek in Sale to Franke Foodservice Systems
Billow Butler’s expert knowledge and collaborative approach were instrumental in helping me navigate the sale process.
- Tim Schiff, Sertek Founder
March 12, 2018. Billow Butler & Company, L.L.C. (“Billow Butler” or the “Firm”), a Chicago- based, middle-market investment banking firm, is pleased to announce the sale of Sertek LLC (“Sertek” or the “Company”) to Franke Foodservice Systems (“Franke”).
Founded in 2009, Sertek is a Dublin, Ohio-based fabricator and manufacturer for quick service restaurant (QSR) kitchens and dining rooms. The Company supplies kitchen workstations to leading restaurant chains such as Rally’s, Taco Bell and Wendy’s.
Franke Foodservice Systems is part of the Swiss-based Franke Group and provides systems and services for the global foodservice industry. Its sister divisions produce products ranging from commercial coffee machines and washroom fixtures to consumer kitchen fixtures.
“Billow Butler’s expert knowledge and collaborative approach were instrumental in helping me navigate the sale process,” said Sertek Founder, Tim Schiff. “We are excited for the next chapter of our business under the leadership and global scale of Franke Foodservice Systems.”
Billow Butler Managing Director & Co-Founder, Darrell Butler, commented, “Emphasizing the unique business strategies of Sertek and finding synergies with buyers was absolutely crucial to this sale process. While Sertek’s sales channel is focused on distributors, The Company maintains close ties to each customer’s design engineer, which was consistent with Franke’s business strategy in the chain fabrication sector.”
Sertek was one of Billow Butler’s 11 transaction closings in 2017 and added to the firm’s growing resume of successful outcomes for middle market businesses across a variety of sectors including Industrial Products & Services, Consumer Products & Services, Healthcare & Patient Services, Business Services and Technology.
About Billow Butler & Company
Billow Butler & Company, L.L.C. is a middle-market investment banking firm, specializing in sell- side transactions. We help clients identify options, understand value and execute deals that maximize and optimize the deal outcome. BBC possesses strong international relationships as well through the Mergers and Acquisitions International Network (MAIN), a group of middle market focused independent corporate finance firms in 13 countries. MAIN provides the firm with vetted international resources with specific local knowledge. BBC was founded in 1997 in Chicago by Bob Billow and Darrell Butler and has prospered for over two decades based on a commitment to integrity and devotion to driving successful outcomes for our clients.
