San Francisco Equity Partners has acquired Xceed Foodservice Group

Description: Xceed was created to invest in and partner with leading regional independent brokerage companies focused on the foodservice ecosystem. The U.S. foodservice industry represents a $1 trillion market made up of restaurants, school districts, hospitals, hotels, and various other venues. Through its brokerage partners, Xceed will provide sales and marketing services to food suppliers seeking to grow their business in the complex and localized networks of the foodservice space. The platform will continue to seek partnerships with additional best-in-class regional foodservice brokerage firms in complementary markets. Each of Xceed’s partners will retain its existing name, management team, and personnel and will operate autonomously in its regional market.