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10/2026

FIRST CHOICE FOODSERVICE acquired by KITWAVE GROUP

UNITED KINGDOM B2B Specialized Distribution REV 1m GBP - 100m GBP

Context

Kitwave Group acquired First Choice Foodservice, a Staffordshire-based foodservice wholesaler, from the Ainger family in a transaction announced and completed on 2 October 2026. The acquisition added another regional supplier to Kitwave's foodservice division, which includes Creed Foodservice, Total Foodservice, West Country, Fife Creamery and Charles Saunders Foodservice, acquired by Kitwave in July 2026. First Choice Foodservice continued to trade under its existing brand following the acquisition and retained its membership of the Country Range Group. The depot, operational activities, sales function and head office remained unchanged, with no changes to the existing team structure. Steve Ainger continued as managing director, Sophie Ainger remained marketing manager, and Michael Ainger continued to support the business in buying. All three are third-generation members of the founding family, ensuring continuity in the company's management and day-to-day operations. Flint Bishop advised the shareholders of First Choice Foodservice on the transaction, with its corporate team working alongside Steve Ainger.

The acquisition of First Choice Foodservice is part of the growth strategy of Kitwave Group, which already has several external growth operations under its belt, notably Charles Saunders in 2026.

FIRST CHOICE FOODSERVICE, which reported an EBITDA margin of [members only] in 2026, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the Business Services sector (11.4x).

-> Deep-dive in Business Services market trends

Target

First Choice Foodservice is a UK foodservice wholesaler supplying food and catering products to trade customers from its base in Staffordshire. The company operates under the First Choice Foodservice brand and is a member of the Country Range Group, a foodservice buying and marketing organisation. Its depot, warehouse operations, sales function and head office are located at the same Staffordshire site. First Choice Foodservice serves professional customers across the foodservice trade, supplying businesses rather than selling directly to consumers.

Ent. Value

£1–100M

Equity Value

[members only]

Multiples

EV / Revenue

[members only]

EV / EBITDA

[members only]

EV / EBIT

[members only]

Historical Financials (GBP)

Year
Rev
EBITDA
EBIT
2026
[members only]
[members only]
[members only]
2025
[members only]
[members only]
[members only]

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REFERENCES

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of FIRST CHOICE FOODSERVICE 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.

Target: first choice foodservice

Acquirer: kitwave group