- Kitwave has been acquired via a take-private transaction
- Kitwave was founded in 1987
One Equity Partners has acquired Kitwave, a wholesale distributor providing food, drinks and other consumables to foodservice and retail customers in the UK.
The bid, which was announced in January, values Kitwave at £251 million ($335.4 million; €290.0 million).
Founded in 1987, Kitwave engages in the food and drink wholesale business throughout the UK. The North Shields-based company has 37 facilities nationwide and operates a fleet of 650 delivery vehicles fulfilling over 6,500 orders per day.
“Kitwave’s operating model is centered on service reliability and local reach across the UK, making it a compelling platform within the UK wholesale distribution market,” said Steve Lunau, partner at One Equity Partners, in a statement. “The company has built a strong track record of completing and integrating acquisitions in a highly fragmented sector, and we believe this experience provides a solid foundation for future M&A driven growth.”
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