About Cornerstone Foodservice Group
Cornerstone Foodservice Group is a company based in Naperville (United States) founded in 2017 was acquired by CFS Brands in December 2025.. The company has 119 employees as of December 31, 2022. Cornerstone Foodservice Group has completed 3 acquisitions, including Astra Manufacturing, Equipex and Lloyd Industries.
- Headquarter Naperville, United States
- Employees 119 as on 31 Dec, 2022
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Phone
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
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Investors
CFS Brands
& 1 more
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Employee Count
119
as on Dec 31, 2022
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Investments & Acquisitions
Astra Manufacturing
& 2 more
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Acquired by
CFS Brands
(Dec 04, 2025)
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Funding Insights of Cornerstone Foodservice Group
- Total Funding Total Funding
- Total Rounds 2
- Last Round Last Round
- First Round First Round
- Investors Count 1
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jan, 2019 | Amount | Debt – Conventional - Cornerstone Foodservice Group | Valuation |
investors |
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| Jan, 2019 | Amount | Seed - Cornerstone Foodservice Group | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Cornerstone Foodservice Group
Cornerstone Foodservice Group has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include CFS Brands and Avante Capital Partners. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Founded Year | Domain | Location | |
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Multi-category products are distributed offline for foodservice and healthcare.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Cornerstone Foodservice Group
Cornerstone Foodservice Group has strategically engaged in corporate development activities, having acquired 3 companies. Notable acquisitions include Astra Manufacturing, Equipex and Lloyd Industries. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Commercial pizza pans, bakeware, and baking equipment are manufactured.
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1999 | ||||
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Manufacturer of commercial food service equipment
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1996 | ||||
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Commercial espresso machines, steamers, and grinders are manufactured.
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1993 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Cornerstone Foodservice Group
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Cornerstone Foodservice Group Comparisons
Competitors of Cornerstone Foodservice Group
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Cornerstone Foodservice Group
Frequently Asked Questions about Cornerstone Foodservice Group
When was Cornerstone Foodservice Group founded?
Cornerstone Foodservice Group was founded in 2017 and raised its 1st funding round 2 years after it was founded.
Where is Cornerstone Foodservice Group located?
Cornerstone Foodservice Group is headquartered in Naperville, United States. It is registered at Naperville, Illinois, United States.
Who is the current CEO of Cornerstone Foodservice Group?
Kristine Holtz is the current CEO of Cornerstone Foodservice Group.
How many employees does Cornerstone Foodservice Group have?
As of Dec 31, 2022, the latest employee count at Cornerstone Foodservice Group is 119.
What does Cornerstone Foodservice Group do?
Cornerstone Food Service Group was founded in 2017 in Naperville, United States, and operates within the food service equipment sector. Production and distribution of induction buffet servers, beverage servers, professional cookware, and related induction solutions are handled by the company. Items such as chafing dishes, coffee urns, buffet systems, mobile induction units, tableware, podiums, host stations, and mobile bars are offered. Services extend to hotels, stadiums, restaurants, and cruise ships.
How many acquisitions has Cornerstone Foodservice Group made?
Cornerstone Foodservice Group has made 3 acquisitions, including Astra Manufacturing, Equipex, and Lloyd Industries.
Who are Cornerstone Foodservice Group's investors?
Cornerstone Foodservice Group has 2 investors. Key investors include CFS Brands, and Avante Capital Partners.