Business Description

Dinex International Inc. was a leading supplier of foodservice equipment and supplies to the healthcare and other institutional industries..   Dinex supplies traytop smallwares, dishware, disposable lids, packaging, food service equipment including heating and meal delivery systems.


Competition between Dinex and Seco Systems, a company backed by First Chicago Private Equity, had been intense given the limited number of competitors in the industry.  Dinex management came to determine that an acquisition of Seco would be beneficial to the Company.


CMM had advised Dinex on an appropriate price for Seco, one which was not acceptable to First Chicago.  Subsequently, Seco experienced operating problems that led to their bankruptcy. CMM, along the Dinex team, immediately traveled to Seco headquarters, met with the trustee, conducted due diligence and structured an acceptable transaction at a fraction of the ongoing concern value. In addition, CMM helped negotiate the appropriate financing package from the bank and closed the transaction in less than six weeks.


Featured Transactions

  • NACPS Tombstone - Website
  • WL Tombstone - Website


  • BP-IPG Tombstone for Website 
  • Tantor Tombstone - Web Site
  • MA Magazine Award - 2014 Tombstone v2
  • Rostra Tombstone Press Release -no border
  • ACGNY Champion 2014

    LBO of the Year

    up to $50 million

  • Spire DLX Tombstone


  • PMR- Allied
  • Butler-Hill
  • Cranston-2011
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Press Releases

Ramsey Goodrich elected President of The Exit Planning Exchange

August 2015 

The Exit Planning Exchange is pleased to announce that Ramsey Goodrich, Managing Director at Carter Morse & Mathias, has been elected President of the Connecticut chapter. 

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CMM Mid-Year Review - 2015

July 2015

We would like to share with you a few updates at Carter Morse & Mathias, and celebrate some of our notable achievements for the first six months of 2015. It has been a strong first half for CMM, as measured by the number of closed transactions, the valuations achieved for our clients, the strength of our pipeline, and the awards that we have won.

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Martin Magida Appointed CEO Trust Expert and Accepted into Vistage Trusted Advisor Program

July 2015

Carter Morse & Mathias is proud to announce that Managing Director Martin Magida has been appointed as an Expert with the CEO Trust and has recently been accepted to the Vistage Trusted Advisor Program.

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