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03/2024

TOTAL FOODSERVICE SOLUTIONS acquired by KITWAVE GROUP

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

Context

Integrating Total Foodservice Solutions into the Kitwave Group infrastructure secures a dominant logistical foothold across the North West and Yorkshire catering landscapes. This maneuver specifically eliminates the geographic fragmentation between existing northern depots, establishing a contiguous service network for the region's high-stakes institutional clients. By unifying these high-heritage assets, the group achieves an immediate expansion of its multi-temperature product range, significantly bolstering its capacity to manage comprehensive supply contracts for schools and healthcare facilities.

The acquisition of Total Foodservice Solutions is part of the growth strategy of Kitwave Group, which already has several external growth operations under its belt, notably Westcountry Food in 2022.

TOTAL FOODSERVICE SOLUTIONS, which reported an EBITDA margin of in 2023, 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).

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Target

Total Foodservice Solutions Limited is a Delivered Wholesale Services company based in Clitheroe and Huddersfield, specializing in the multi-temperature distribution of catering supplies for the institutional and commercial hospitality sectors. The organization operates as a comprehensive "one-stop-shop" for over 4,000 product lines, including ambient, chilled, and frozen food categories alongside specialized non-food and cleaning solutions. Rather than providing generic logistics, the firm focuses on technical operational depth within the education, healthcare, and licensed trade industries, ensuring that schools and care homes receive mission-critical supplies via a reliable, regionalized framework.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (GBP)

Year
Rev
EBITDA
EBIT
2023
2022

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REFERENCES

Valuation range: EV 10M - 30M GBP

Revenue range: 10M - 30M GBP

EBITDA range: 0M - 5M GBP

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of TOTAL FOODSERVICE SOLUTIONS 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: total foodservice solutions

Acquirer: kitwave group