January 17, 2025, Toronto, Ontario – The Beacon transaction advisory team is pleased to announce the sale of a leading distributor of confectionery, beverages, dry goods, and health and beauty items to a synergistic food wholesale business with a significant presence in the Greater Toronto Area. The transaction is structured as a share sale and includes the operating business as well as a warehousing facility.
About the Business:
Founded in 1989, the company serves customers primarily in the food service and hospitality industry, including restaurants, arenas, golf courses, resorts, as well as grocery and convenience stores across Ontario. The business operates out of its own 38,000 warehouse facility. Known for its high-quality service and product variety, the company has been a trusted partner to its customers and suppliers for over three decades.
About the Buyer:
The purchaser is an established food wholesale business based in Toronto. The acquisition adds new capabilities to their operations, particularly in food service and delivery. The acquisition company’s strong customer base of over 700 independent commercial customers diversifies the buyer’s revenue base, enhancing its product portfolio and expanding distribution to the food service and hospitality industries. With this strategic add-on acquisition, the buyer is also looking to capitalize on the steady growth of the food distribution industry, driven by population increases, urbanization, and rising demand for hospitality services.
About Beacon:
Beacon Mergers & Acquisitions is a full-service M&A advisory firm focusing on sell-side, transaction, buy-side advisory, and business valuations to the middle market in Canada and the USA. Beacon’s team of experienced M&A professionals, chartered business valuators, and intermediaries is focused on delivering maximum value to business owners through a technology-enabled approach and streamlined sales processes. Beacon is a member of several professional organizations, including Pandion Partners, a global network of M&A advisors with offices in over 30 countries.