ECP to acquire Restaurant Technologies from Goldman Sachs Asset Management and Continental Grain Company for $1.21bn.

ECP, a private equity fund adviser, agreed to acquire Restaurant Technologies, a developer of automated oil storage, handling, filtration monitoring and disposal management systems, from Goldman Sachs Asset Management, an asset management, and Continental Grain Company, an investment company. Enlightened Hospitality Investments makes an additional investment in the company, for $1.21bn. “We appreciate the partnership with Goldman Sachs and Continental Grain over the past years, as it helped us significantly invest in our workforce, technology, and markets and boost our growth trajectory. With the support and guidance of our sponsors and board of directors, Restaurant Technologies realized 11% net revenue CAGR, 25% EBITDA CAGR and 17% customer expansion from 2019 through 2021. We also began our ESG journey under Goldman Sachs and Continental Grain ownership, which is foundational to our future efforts,” Jeff Kiesel, Restaurant Technologies President and CEO.