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Legacy Food Group expands operations with the addition of Halsey Foodservice

Aug 13, 2024•11 months ago

Acquiring Company

Legacy Food Group

Acquired Company

Halsey Foodservice

Glen AllenMadisonFood ProcessingHospitalityFood and BeverageAgriculture and FarmingSoftware

Description

Legacy Food Group has announced the acquisition of Halsey Foodservice, a family-owned broadline distributor known for its high-quality food products and extensive history. Through this acquisition, Legacy Food Group aims to strengthen its presence in the Southeast region and provide enhanced resources to drive business growth while maintaining Halsey Foodservice's independence and strong customer base.

Company Information

Company

Legacy Food Group

Location

Glen Allen, Virginia, United States

About

Legacy Food Group is a new holding company created to acquire high quality regional independent distributors that will become owned operating divisions. By knitting together multiple distributors, Legacy Food Group will achieve macro-scale with micro-market nimbleness, preserving the differences that work for independents while achieving synergies that can greatly benefit Members.

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

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