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Wholesale Produce Supply Has Acquired Bandwagon Brokerage

Jan 04, 2023almost 3 years ago

Acquiring Company

Produce Supply

Acquired Company

Bandwagon Brokerage

Description

Wholesale Produce Supply LLC ("Wholesale Produce Supply", "WPS" or the "Company"), a leading fresh produce logistics and inventory management solutions provider and a Cross Rapids Capital portfolio company, today announced that it has acquired Bandwagon Brokerage LLC ("Bandwagon"), a specialty produce company. The acquisition is complementary, as it allows both companies to grow by broadening the portfolio of products and services they offer to customers as well as by broadening their customer bases. Bandwagon's founder, owner and President, Mr. Dennis Berman, will continue to run the business and has become an investor in WPS as part of the transaction.

Company Information

Company

Produce Supply

About

JR Produce Supply takes pride in serving Rio Grande Valley growers, packers, and retailers with quality produce packaging. Same-day delivery and no lead times!

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