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Ben E. Keith Foods Announces Acquisition Of Florida Food Service

Feb 03, 2022•almost 4 years ago

Acquiring Company

Ben E. Keith Company

Acquired Company

Food Service

Fort WorthFood And Beverage

Description

Ben E. Keith Foods proudly announces its purchase of Florida Food Service, Inc. The acquisition, which closed February 2, 2022, includes all assets of Florida Food Service - - including the 86,000 square foot distribution center in Gainesville, Fla. This acquisition will create the ninth division of Ben E. Keith Foods across 15 states.

Company Information

Company

Ben E. Keith Company

Location

Fort Worth, Texas, United States

About

Ben E. Keith celebrates over 115 years of distribution excellence in the food and beverage distribution business. Ben E. Keith is a privately held company employing over 6,000 associates. Our values stress a commitment to our employees, as they are our strength and the key to the success – past, present and future. At Ben E. Keith we recognize that our workforce reflects the increasingly diverse nature of our society, and we want to do all we can to take advantage of that diversity with both our external and internal customers. We believe our differences are also our strength, and we want to do all we can to use those strengths to find more creative solutions for the business challenges we face.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed