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New Deal


Announced

Quad-C-backed Legacy Food to acquire Keck's Food Service, M&V Provisions, Thomsen Foodservice and LFA.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Food Products

wholesaler

food producer

restaurant supply store

Acquisition

Private

Majority

Friendly

food products

Food Retailers and Wholesalers

Domestic

Private Equity

Pending

Single Bidder

Synopsis

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Quad-C-backed Legacy Food agreed to acquire Keck's Food Service, M&V Provisions, Thomsen Foodservice and Legacy Foodservice Alliance. Financial terms were not disclosed. "Legacy Food Group was conceived from the premise of foodservice people working with foodservice people, powered by a strong, experienced private equity partner. Our objective is to maintain the exceptional customer service and other benefits of local ownership and management, while combining to achieve the scale benefits and broader service to customers seeking a new option capable of serving a larger region. We will be able to offer a compelling option that will resonate with owners who do not want to sell to a large corporate distributor," Steve Push, Legacy Food CEO and a Member of the Board of Directors.

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