Announced
Financials
Tags
Friendly
Single Bidder
Private
data analytics
Private Equity
Pending
foodservice equipment
e-procurement
Acquisition
United States
Software
Synopsis
Bregal Sagemount, a New York-based growth capital fund, invests a significant amount in Buyers Edge Platform, the leading provider of procurement software, group purchasing, and data analytics to the foodservice industry. Financial terms were not disclosed. The transaction will enable the Company to pursue accretive mergers and acquisitions, invest in strategic growth initiatives, and make further platform innovations. "This new partnership with Bregal Sagemount affords us the capital and guidance to bring new partners and companies onto the Buyers Edge Platform and continue our exponential growth trajectory.” John Davie, Buyers Edge Platform CEO.
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