A1 Cash & Carry, an Ontario-based cash and carry foodservice wholesaler, announced that private equity firm CCMP Growth Advisors has acquired a majority ownership stake in the company from National Foods, which will retain a minority interest.

A1’s Founder and Chief Executive Officer, Amjad “Jay” Parvaiz, will continue to lead the company and maintain his family’s ownership position in the company. Additionally, Mark Hornick, a CCMP Growth Executive Advisor and the former President and CEO of manufacturing and distribution company Jamieson Wellness, will join A1’s Board of Directors.

Founded by Parvaiz in 1998, A1 serves independent restaurants and foodservice customers through a multi-site footprint offering bulk grocery, protein, produce, dairy, frozen foods, food packaging, janitorial products, and restaurant equipment. The company operates eight stores and four warehouses across Ontario, combining cash-and-carry shopping, delivery and eCommerce to meet customer needs.

“My colleagues and I are excited to welcome CCMP Growth as our new investment partner,” said Jay Parvaiz, Founder and CEO of A1 Cash & Carry. “Their team has a proven track record of helping high-growth, founder-led businesses like ours expand successfully. Together, we will continue delivering value to independent restaurants while expanding A1’s reach across Canada.”

“A1 is a trusted supplier to thousands of independent restaurants, and we look forward to supporting Jay and his team as they scale the business and extend its footprint nationally,” said Joe Scharfenberger, Co-Managing Partner at CCMP Growth Advisors. “This partnership aligns perfectly with our strategy of backing founder-led businesses with strong customer relationships and significant growth potential.”