News

News

TriMark Completes Transaction and Receives $350 Million Equity Investment to Fund Growth

TriMark USA, LLC (“TriMark” or the “Company”), a leading provider of equipment, supplies, and design services to the foodservice industry, announced today that it has completed its previously announced transaction with a group of its lenders to substantially deleverage its balance sheet. In connection with the transaction, the group, led by Ares Management (“Ares”), Oaktree Capital Management (“Oaktree”), and Bayside Capital (“Bayside”) through funds they manage, has provided a $350 million cash equity investment in the Company. Continue reading

TriMark USA Signs Agreement; Anticipates $350 Million Equity Investment to Fund Growth

TriMark USA, LLC (“TriMark” or the “Company”), a leading provider of design services, equipment, and supplies to the foodservice industry, announced today that it has entered into an agreement with a group of its existing lenders to support a transaction that will substantially deleverage its balance sheet. In connection with the transaction, the group, led by Ares Management (“Ares”), Oaktree Capital Management (“Oaktree”), and Bayside Capital (“Bayside”), would lead a $350 million cash equity investment in the Company through funds they manage. These actions are expected to significantly enhance TriMark’s financial position, support further investment in its leading capabilities, and advance its long-term growth strategy. Continue reading

TriMark USA Promotes Tom Wienclaw To Chief Executive Officer

TriMark USA, LLC one of the country’s largest providers of design services, equipment, and supplies to the foodservice industry, today announced that industry veteran Tom Wienclaw has been promoted to Chief Executive Officer, effective July 17, 2023. He will assume operational leadership of the company and report to the Board of Directors. Continue reading