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Transactions / S•••• • S••• P••••••

S•••• • S••• P•••••• Joins F•••••••• July 2023

Add-on acquisitionclosedadd-onannounced Jul 25, 2023closed Jul 25, 2023Fact
What happened
Platform
F••••••••add-on basis: F••••••••, a super-regional distributor of fresh food solutions backed by W••• P•••• P••••••• (“W••• P••••”), acquired S•••• • S••• P•••••• (“S•••• & S•••”), a wholesale produce and fresh food distributor.
Control
Control
Share acquired
unknown
Industry
consumer / food
Target location
unknown
Seller kind
Family
Rollover
unknown
Values, only where disclosed
Enterprise value
Not disclosed
Purchase price
Not disclosed
Equity value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
Multiple
Not disclosed
Parties and roles
8 named
Buy side
  • Joe L•••••, Managing Director with W••• P•••• P•••••••, added, “S•••• & S••• is an exciting strategic acquisition that expands F••••••••’s footprint in the Midwest and enhances its fresh-cut capacity, which are both critical elements of our value creation plan.
  • F••••••••Platformconfirmed
    F••••••••, a super-regional distributor of fresh food solutions backed by W••• P•••• P••••••• (“W••• P••••”), acquired S•••• • S••• P•••••• (“S•••• & S•••”), a wholesale produce and fresh food distributor.
  • F••••••••, a super-regional distributor of fresh food solutions backed by W••• P•••• P••••••• (“W••• P••••”), acquired S•••• • S••• P•••••• (“S•••• & S•••”), a wholesale produce and fresh food distributor.
Side not stated
  • T•• S••••Managementconfirmed
    “We are excited for this new opportunity,” said T•• S••••, President of S•••• • S••• P••••••.
  • V•••• S••••Managementconfirmed
    “We are very pleased to be joining F•••••••• and working alongside its amazing family of companies,” said V•••• S••••, COO of S•••• & S•••.
  • “We gladly welcome Tom, V••••, Serena and their outstanding team to the F•••••••• family,” said S•••• G••••••••, CEO of F••••••••.
  • “S•••• • S••• P•••••• has built a solid reputation as a successful family-owned and operated business for 84 years,” said G••• C••••••, President and COO of F••••••••.
  • F••••••••, a super-regional distributor of fresh food solutions backed by W••• P•••• P••••••• (“W••• P••••”), acquired S•••• • S••• P•••••• (“S•••• & S•••”), a wholesale produce and fresh food distributor.
Evidence
F••••••••, a super-regional distributor of fresh food solutions backed by W••• P•••• P••••••• (“W••• P••••”), acquired S•••• • S••• P•••••• (“S•••• & S•••”), a wholesale produce and fresh food distributor.