Chicagoland-based food equipment and mechanical systems conglomerate Smart Care has acquired Twin Cities-based Espresso Partners, one of the largest providers of coffee equipment maintenance and repair services in the nation.
The financial terms of the acquisition have not been disclosed, although it represents the 17th strategic acquisition made by Alsip, Illinois-based Smart Care since 2017, and the fifth since Smart Care was acquired by the Chicago private equity firm Wind Point Partners earlier this year.
Since its founding in Fridley, Minnesota, in 2004, Espresso Partners had been a family-owned company. Through acquisitions of its own, organic growth and partnerships with third-party providers, Espresso Partners has grown to comprise four different U.S. regional service hubs and four different local offices, altogether offering direct service to clients in 46 states.
The company provides preventive maintenance and repair services for espresso machines, mechanical brewers, grinders and water systems, catering to local companies as well as to national and regional clients. The company has been deeply entrenched in the specialty coffee industry for nearly two decades, and some of its key members have helped lead the charge to create the Coffee Technicians Guild of the Specialty Coffee Association.
“For nearly 20 years, Espresso Partners has exceeded customer expectations and demonstrated exceptional growth across the Midwest and on both coasts,” Gyner Ozgul, president and COO of the Smart Care Equipment Solutions division said in an announcement of the acquisition. “We look forward to accelerating that growth and enabling the Espresso Partners team to double down on superior customer service.”
Through the acquisition, Espresso Partners becomes a sibling company to numerous other regional coffee equipment service providers under the Smart Care Equipment Solutions umbrella.
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