 In 1998, Indianapolis-based E&A Industries, an Indiana conglomerate owned by Allan B. Hubbard, an Indianapolis businessman, acquired the company and moved North American operations to Indianapolis.E&A, in 2007, sold Gilchrist & Soames for $51 million to Swander Pace Capital, a San Francisco private-equity firm.In September 2015, Gilchrist & Soames was acquired by Sysco Guest Supply, a subsidiary of Sysco.