Kelso to acquire Ferraro Foods from Kainos Capital.

Kelso, an American private equity firm, agreed to acquire Ferraro Foods, a specialty foodservice distributor, from Kainos Capital, a food and consumer-focused private equity firm. Financial terms were not disclosed. "We believed Ferraro Foods could play a unique role as the consolidator in the highly fragmented Italian specialty distribution segment along the eastern seaboard and Michael, with the Ferraro management team that we helped assemble around him, executed brilliantly. We and the team sourced and integrated seven proprietary add-ons of other founder-owned specialty distributors which resulted in exceptional growth during our investment," Andrew Rosen, Kainos Managing Partner.