Feb 07, 2020
We are proud to have been featured in the Wall Street Journal Pro Private Equity last week highlighting our Empire Group portfolio exit.
Click here to read the full article entitled "Kian Capital More Than Quintuples Its Money on Empire Equipment Sale".
Kian acquired Empire in late 2015 and since then the company has tripled its annual revenue to about $100 million today, according to Mr. McCarthy. Empire also tripled its earnings before interest, taxes, depreciation and amortization during the four-year period.
Wall Street Journal pro Private Equity
About Empire Group
Empire is a leading, value added, wholesale distributor and manufacturer representative of foodservice equipment and provider of genuine OEM parts to the foodservice industry. Founded in 1985, Empire represents a comprehensive and complementary range of equipment for leading manufacturers. Products include ice machines, gas and electric cooking equipment, refrigeration equipment, water treatment systems, pizza ovens, walk-ins, microwaves and furniture. Empire has cultivated deep relationships with their vendor partners who are market leaders in their product niche.
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