When was WESTCOUNTRY FOOD acquired by KITWAVE GROUP?

WESTCOUNTRY FOOD was acquired by KITWAVE GROUP in 2022.

What was the revenue of WESTCOUNTRY FOOD at the time of the deal?

The revenue of WESTCOUNTRY FOOD at the time of the deal is estimated to be in the range of 10M - 30M GBP.

How is the data for the WESTCOUNTRY FOOD 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 WESTCOUNTRY FOOD 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-westcountry-food-holdings-limited/

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Home Database Business ServicesWESTCOUNTRY FOOD

12/2022

WESTCOUNTRY FOOD acquired by KITWAVE GROUP

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

Context

WestCountry Food Holdings has been acquired by Kitwave marking a critical diversification of the group's product suite into the fresh produce category. This strategic acquisition complements the previous operation of M. J. Baker, creating a dense, multi-temperature service hub in the South West of England. By unifying the target’s high-heritage grower network with the group's national logistics framework, the organization constructs a comprehensive "one-stop-shop" platform for regional foodservice clients. The integration leverages the target's regional density to maximize route efficiency and procurement leverage across the South West.

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

WESTCOUNTRY FOOD, which reported an EBITDA margin of in 2022, is valued in this transaction at an EV/EBITDA multiple of , a level to compare with the average currently observed in the Business Services sector (11.4x).

-> Deep-dive in Business Services market trends

Target

WestCountry Food Holdings Limited functions as a high-fidelity fresh produce distribution platform specialized in the procurement and supply of local, regional, and imported seasonal goods. The organization operates a sophisticated supply chain that bridges the gap between a dedicated network of high-quality local growers and the diverse requirements of the South West foodservice market. Rather than acting as a generic distributor, the firm utilizes its long-standing heritage to maintain direct supply links with both national and international fresh produce hubs.

Ent. Value

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Historical Financials (GBP)

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2022

2021

Similar deals in B2B Specialized Distribution

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
07/2023	METRO	JOHAN I HALLEN & BERGFALK	SWEDEN	B2B Specialized Distribution
06/2023	PAI PARTNERS	ECF GROUP	FRANCE	Hospitality Supplies
03/2022	BARENTZ	UNIPEX	FRANCE	B2B Specialized Distribution
02/2022	KITWAVE GROUP	M.J. BAKER FOODSERVICE	UNITED KINGDOM	B2B Specialized Distribution
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

REFERENCES

Revenue range: 10M - 30M GBP

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

Acquirer: kitwave group