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Grubmarket Acquires Daylight Foods, One Of The Biggest Food Service Companies In California

Feb 22, 2022•over 3 years ago

Acquiring Company

GrubMarket

Acquired Company

Daylight Foods

San Francisco

Description

GrubMarket today announced it has completed the acquisition of Union City-based Daylight Foods, one of California's largest food service companies, which provides produce, dairy, specialty items, dry goods and more to a wide range of business customers, including restaurants, large grocery and retail chains, corporate offices and cafeterias, hotels and universities.

Company Information

Company

GrubMarket

Location

1925 JERROLD AVE.

San Francisco, California, United States

About

Founded in 2014, GrubMarket is a San Francisco-based food technology company operating in the space of food ecommerce both to business and to consumer as well as providing related software-as-a-service solutions to solve inefficiencies in the American food supply chain. Currently, GrubMarket operates in California, Washington, Texas, Michigan, New York, New Jersey, Missouri, Massachusetts, Oregon and Arizona, with plans to expand to other parts of the country.

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