Fresh Produce Processor & Wholesaler

Description:
The Company is a full-service fresh fruit and vegetable, Global Food Safety Initiative (GFSI)-certified processor and wholesaler that packs and cuts any item to meet the customer’s specific needs. From organic and kosher products to local produce, the Company has the capabilities to get the exact product customers need for their businesses. With nearly three decades of experience, the Company has been supporting local farms and its community by focusing on product quality, extended shelf life, premier customer service, and micro testing.

Key Aspects:
• Revenue and adjusted EBITDA grew at compound annual growth rates (CAGRs) of 12.2% and 55.7%, respectively, from 2021 to 2024.
• High repeat customer base of approximately 95% each year, with management noting that many top customers have been working with the Company since its inception.
• In operation for more than two decades, with product quality, extended shelf life, and premier customer service resulting in a strong reputation within the industry, according to management.

Opportunities:
• Focus on expanding into surrounding states and regions outside of the current state of operation.
• Utilize a larger facility that can support large bulk processing lines, which management notes is an opportunity for an additional service to customers and source of revenue.
• Develop a strategic marketing campaign to identify and secure new customers to bring the Company closer to its production capacity, and to minimize the seasonality of the business.

Headquartered:
• Northeast, US

Current Markets:
• The Company serves the Northeast, US, with customers consisting of local schools, institutions, distributors, bulk ingredient processors, and restaurants.

Real Estate:
• The Company operates from a 14,400 sq. ft. operating facility located in the Northeast, US. The facility is owned directly by the Company and is expected to be included in the sale.

Shareholder Ownership:
• The Company is equally owned by two shareholders who want to begin planning for retirement. They are open to remaining with the Company in a consulting role following a sale to facilitate a smooth transition to new ownership.