Source Capital Invests in Archway Service Group

Source Capital Invests in Archway Service Group
Source Capital, through an affiliate fund, has announced its investment in Archway Service Group, LLC, a repair and maintenance services provider for commercial foodservice equipment. Source provided debt and equity to support the acquisition of Archway by private equity sponsor Canopy Capital Partners.
Founded in 2008 and headquartered in Shelby, NC, Archway is a leading provider of repair and maintenance services for commercial foodservice equipment for many of the leading retail grocery chains throughout the Southeast. Archway's comprehensive service offering also includes sharpening and replacement of band saw blades, grinder plates, and knives, as well as the replenishment of food-grade oil and other essential cutlery supplies.
Read full press release here.