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December 13th, 2013
Sam Tell Acquires Paramount Restaurant Supply Corp.
Warren Acquisition LLC, an affiliate of Sam Tell and Son, Inc., announced its acquisition of the business assets of Paramount Restaurant Supply Corp., with offices in Warren, Rhode Island, Phoenix, Arizona, and New York, NY.
Paramount is a leading national supplier of foodservice equipment and supplies. Paramount led by Brian Barer, its current COO, will continue to operate under the Paramount Restaurant Supply name, from its current locations and with its current staff, but they all will now have the strength and reliability of the Sam Tell Companies behind them. “We are very excited to welcome the Paramount team to our family of companies, and will look to work together to provide our new customer base with the level of service that Sam Tell customers are accustomed to, and we are eager to add the product and service offerings currently provided by Paramount to our existing customer base.
A “Win Win” for all. “Paramount is one of the oldest companies in our industry, and has long been associated with reliability in both product knowledge and logistical innovation. We are looking forward to learning from them and with them as we grow,” said Marc Tell, President of Sam Tell. “This acquisition expands our reach in the Northeast and the West and fits perfectly within our long term goals,” he added. "We look forward to working with Sam Tell. Our customers recognize the efficiencies made possible by this change and overwhelmingly welcome it. From increased inventory, to greater access to products sourced worldwide, to unparalleled warehouse and logistics management, we expect to realize operational excellence,” said Barer.
Sam Tell and Son, currently one of the largest equipment and supplies distributors in the New York market, currently sees a significant volume from its national sales. With this acquisition, it will seek to further leverage its ability to provide its chain customers a greater level of support. “Sam Tell will continue to seek partnerships and other strategic acquisitions that fit our model. Over the years, we have made seven acquisitions, and each provided our customer base with an increased level of service. We look forward to a continuation of this approach,” said Daniel Saltzman, COO of Sam Tell.
The Tell acquisition marks yet another move in Mark Tell's vision to build a nationally recognized dealership. The firm has acquired a number of firms over the last decade including the assets of Pascoe Jacobs, the stock in the Bowery's Mattas, stock in the Lawrence of Riverhead , Stanton Trading stock, certain assets of Wes Design, ChefEssentials.com – a startup, an ownership position in S&D Consulting, Tell Finance – a financing arm and Tell Realty which owns properties.
Sam Tell will inherit a long-term relationship between Paramount Restaurant Supply and Dunkin’ Donuts. The Canton, MA based Dunkin' Donuts is an American global doughnut company and coffeehouse chain based in Canton, Massachusetts. Since its founding, the company has grown to become one of the largest coffee and baked goods chain in the world, with 15,000 restaurants in 37 different countries. The chain has grown to include over 1,000 items on their menu, including doughnuts, bagels, other baked goods, and a wide variety of hot and iced beverages. Although based in Rhode Island, Paramount has maintained an office in Metro New York for a number of years.
In its role as a Dunkin’ Donuts Independent Franchisee Owner (DDIFO) sponsor Paramount Restaurant Supply has long been a force in building a new store or doing a remodel. For the past 72 years Paramount grew from a New England-based operation serving small restaurants and soda fountains to a worldwide leader in restaurant design consultation, foodservice equipment, millwork and installation services.
Tell inherits a relationship in which Paramount has been involved with Dunkin’ Donuts for more than 60 years. The company helped Bill Rosenberg build Open Kettle, the coffee and donut shop in Quincy, Massachusetts that soon after became the very first Dunkin’ Donuts. Since then Paramount has worked on more than 5,000 Dunkin’ Donuts and Baskin Robbins shops throughout the country.
Ed Wolak is the founder and CEO of The Wolak Group, an independent franchisee network that owns and operates more than 70 Dunkin’ Donuts locations in Maine, New Hampshire and New York. He has a long history working with Paramount and has nothing but positive things to say. “I have purchased my new and remodeled equipment packages from Paramount for over 35 years. Their millwork is always top notch, and I don’t recall them ever missing a deadline. We compare their quotes to the competition and have always found them competitive. Plus, I like the fact that I can purchase all of my equipment and millwork in one place. Quality merchandise with great service at a competitive price, all from one source. What more could I ask for?”
Tell will maintain the firm's Warren, Rhode Island headquarters. Paramount’s services are available nationwide with delivery and installation accomplished through in-house and third party distribution sites. The company has also successfully completed projects in Canada, South America, Europe, China and many other countries. "This acquisition truly enables us to continue our vision of building a nationwide company," Marc Tell noted.
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