Buffalo-based Lorraine Capital LLC’s portfolio firm BHS Foodservice Solutions has acquired all assets of Innovative Restaurant Supply, a firm based Monroe County.
As part of the acquisition, BHS will relocate its office and all employees in Farmington, Ontario County, to the Innovative Restaurant Supply’s location in Henrietta in the Genesee Regional Valley Market.
“We are pleased to announce this first expansion by acquisition into territories outside the traditional Buffalo footprint,” said Donald Harvey, chief operations officer of BHS, in a statement. “Innovative is a natural fit for us and reinforces BHS’ commitment to Upstate New York and its customers.”
“While BHS has always had a presence outside of Buffalo and, specifically one in Rochester, we are committed to deepening and solidifying our presence in those Upstate areas.”
BHS Foodservice Solutions, formerly known as Buffalo Hotel Supply Inc., has been operating in the foodservice design, equipment and supplies industry for more than seven decades.
Innovative Restaurant Supply founders, Peter Schamberger and Stefan Charvella, will join BHS, officials said. Innovative Restaurant Supply has been in business for eight years.
Financial terms of the acquisition were not disclosed.
Lorraine Capital is a private investment firm formed by Western New Yorkers that is focused on Western and Upstate New York companies.
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