Aside from a diversified customer base including supplying cruise ships, country clubs and hotels, Grand Western served numerous independent restaurants, which were hit the hardest in the recession that began in 2008. The Company expanded into online, home delivery in 2009 to help offset any potential deterioration of the food service business.
The expansion into the retail market meant creating online direct sales channels, firstly in selling steaks and premium cuts and then, in 2012, Grand Western’s newly created Genuine Choice – an organic, gourmet gift delivery service, including wagyu beef, wild boar, ostrich, organic chicken and healthy desserts.
While the business continued to endure the sluggish recovery in food service, Grand Western commissioned M&A advisor BCMS to search the market for a potential partner.With over $1billion in revenue, a large logistics network serving the same territory as Grand Western, and very little product or customer overlap, Grand Western felt an acquisition by Cheney Brothers would provide Grand Western with greater buying power, access to new customers, and lower overheads.
Two years on, and with broadline distributors enjoying more stable market conditions, the acquisition has given the combined business a dominant market position in southern Florida.
IF YOU ARE CONSIDERING SELLING A BUSINESS - THE FIRST THING YOU NEED IS THE BEST ADVICE
Arrange an obligation-free one-to-one meeting with an expert today.
Grand Western Brands
Fort Lauderdale, Florida
Wholesale Meat Distribution and Manufacturing