Niche B2B Food Distribution Business was acquired by Private Buyer
Niche B2B Food Distribution Business
Beacon acted as advisors to this company for the sale of the business
This was a divestiture of a business interest owned by two serial entrepreneurs that has been in operation and steadily growing since its inception in 2014. The owners approached Beacon Brokerage in June of 2017, expressing their interest in finding the right party to take over and continue growing the business. After a confidential marketing process of approximately 2 months, the seller received a letter of intent from an interested party and a conditional Asset Purchase Agreement was signed in October of 2017. Upon completion of an extensive Due Diligence process, which included a transfer of the distribution rights for Canada to the new purchaser, the transaction was finalized on December 7, 2017.
Terms of the transaction are not disclosed for confidentiality reasons.