At what enterprise value was M.J. BAKER FOODSERVICE acquired in 2022?

During the acquisition of M.J. BAKER FOODSERVICE by KITWAVE GROUP in 2022, the transaction's Enterprise Value is estimated to be in the range of 10M - 30M GBP.

What was the EV/EBITDA of M.J. BAKER FOODSERVICE when it was acquired by KITWAVE GROUP?

The estimated EV/EBITDA multiple for M.J. BAKER FOODSERVICE is in the range of 5x - 12x.

When was M.J. BAKER FOODSERVICE acquired by KITWAVE GROUP?

M.J. BAKER FOODSERVICE was acquired by KITWAVE GROUP in 2022.

What was the revenue of M.J. BAKER FOODSERVICE at the time of the deal?

The revenue of M.J. BAKER FOODSERVICE at the time of the deal is estimated to be in the range of 5M - 25M GBP.

What was the EBITDA of M.J. BAKER FOODSERVICE during the acquisition?

M.J. BAKER FOODSERVICE's EBITDA is estimated to be in the range of 0M - 5M GBP.

How is the data for the M.J. BAKER FOODSERVICE acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the M.J. BAKER FOODSERVICE deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.kitwave.co.uk/acquisition-of-m-j-baker-foodservice-limited/

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Home Database Business ServicesM.J. BAKER FOODSERVICE

02/2022

M.J. BAKER FOODSERVICE acquired by KITWAVE GROUP

UNITED KINGDOM B2B Specialized Distribution EV 10M - 30M GBP

Context

Integrating M.J. Baker into the Kitwave Group infrastructure secures a decisive logistical foothold in the Devon and Somerset landscapes. This strategic maneuver establishes a complementary service offering that effectively removes the category friction for South West independent customers seeking a unified temperature-controlled supply chain. By unifying the target’s technical operational depth in the West Country with the group’s national delivery framework, the organization constructs a comprehensive multi-category platform optimized for high-frequency fulfillment in seasonal leisure markets.

By taking control of M.J. Baker Foodservice, Kitwave Group continues its expansion strategy. Previously, the group had completed 3 acquisitions, including Central Supplies in 2019.

M.J. BAKER FOODSERVICE, which reported an EBITDA margin of in 2021, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Business Services sector (11.4x).

-> Deep-dive in Business Services market trends

Target

M.J. Baker Foodservice Limited functions as a high-fidelity diagnostic and logistical partner for the hospitality, education, and care sectors within the South West of England. The organization operates a "one-stop-shop" model, specializing in the technical management of a multi-temperature inventory that encompasses ambient, chilled, and frozen food categories. Its value proposition is anchored in providing a quality delivered solution that includes not only major international brands but also a specialized proprietary range under its private label infrastructure.

Ent. Value

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2020

Similar deals in B2B Specialized Distribution

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
12/2022	KITWAVE GROUP	WESTCOUNTRY FOOD	UNITED KINGDOM	B2B Specialized Distribution
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10/2021	TOWERBROOK	GROUPE BRUNEAU	FRANCE	Office Supplies & Furniture
04/2021	BUR DISTRIBUTION	ACCENT BIO	FRANCE	B2B Specialized Distribution
07/2020	ECOTONE	DANIVAL	FRANCE	B2B Specialized Distribution
10/2019	BNP PARIBAS DEVELOPPEMENT	UNIPEX	FRANCE	B2B Specialized Distribution
09/2019	KITWAVE GROUP	CENTRAL SUPPLIES	UNITED KINGDOM	B2B Specialized Distribution
07/2019	CAPZA	ITAL EXPRESS	FRANCE	B2B Specialized Distribution
07/2019	MIDSONA	PANZANI ALIMENTATION SANTÉ	FRANCE	B2B Specialized Distribution
06/2018	IMCD	E.T. HORN	UNITED STATES	B2B Specialized Distribution

REFERENCES

Valuation range: EV 10M - 30M GBP

Revenue range: 5M - 25M GBP

EBITDA range: 0M - 5M GBP

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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

Acquirer: kitwave group