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07/2026

CHARLES SAUNDERS acquired by KITWAVE GROUP

UNITED KINGDOM B2B Specialized Distribution / Hospitality Supplies REV £10–30M

Context

Kitwave Wholesale Group acquired Charles Saunders Foodservice, the delivered wholesale foodservice company serving the South West of England, which generated revenue of £24.5m. The business joined Kitwave’s foodservice division alongside Creed Foodservice, Total Foodservice, WestCountry Food Holdings and Fife Creamery, and continued to trade under its own name. Nothing changed in the depot, operations, sales or head office teams, and customers and suppliers kept the same contacts. The existing leadership stayed in place, with Darren Gaulton appointed executive director and Kim Carwardine managing director. As part of the transaction, Charles Saunders joined the Country Range Group buying group.

The acquisition of Charles Saunders is part of the growth strategy of Kitwave Group, which already has several external growth operations under its belt, notably Creed Catering Supplies in 2024.

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Target

Charles Saunders Foodservice is a delivered wholesale foodservice company supplying the South West of England. It buys food and related products from manufacturers, stores them in its own depots and delivers them to its customers’ premises on its own vehicles. Its customers are foodservice operators such as restaurants, pubs, hotels, care homes and schools, which order the ingredients and supplies they need rather than buying through retail. The business is headquartered in the region it serves and trades under its own name.

Ent. Value

£10–30M

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (GBP)

FREE VIEW
Year
Rev
EBITDA
EBIT
2026
24.5m
[members only]
[members only]
2025
£10–30M
[members only]
[members only]

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REFERENCES

Revenue range: £10–30M

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of CHARLES SAUNDERS by KITWAVE GROUP are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Target: charles saunders

Acquirer: kitwave group