An Atlanta-based private equity firm, Source Capital LLC, has acquired Kitchen Brains, a cooking electronics company in Stratford.
Financial terms of the deal were not disclosed.
Kitchen Brains’ products are used where food is prepared, with its customer base including restaurants, grocery stores, schools, hospitals, stadiums and more worldwide.
It makes smart cooking computers, electronic controls and software for commercial foodservice operations. Its cooking products help food preparers ensure food is ready for consumption. Its refrigeration products monitor temperature and provide alerts, such as if a door is left ajar or power fails.
The company is led by CEO Christian Koether, whose father Ben Koether started it in 1969. Its global headquarters and manufacturing facility are in Stratford.
Source and the Kitchen Brains team plan to further develop customer relationships while targeting expansion opportunities, according to a press release.
“This new relationship will enable us to accelerate our product pipeline, bolster our scalability and provide greater access to both financial and human capital resources, all of which benefit our customer base,” Christian Koether said.
Ben Emmons, managing director at Source Capital, said Kitchen Brains has deep industry relationships and global reach.
“We look forward to delivering added value and incremental resources to further build the business together,” Emmons said.
Contact Michelle Tuccitto Sullo at msullo@newhavenbiz.com.
