logo
logo

The Chefs’ Warehouse Acquires Capital Seaboard

Dec 28, 2021•over 3 years ago

Acquiring Company

The Chefs' Warehouse

Acquired Company

Capital Seaboard

Food And BeverageProfessional ServicesTravel And Tourism

Description

The Chefs' Warehouse, Inc. (NASDAQ:CHEF), a premier distributor of specialty food products in North America, today announced that it has acquired substantially all of the assets of CGC Holdings, Inc., dba “Capital Seaboard”, based in Jessup, Maryland. Since its inception, Capital Seaboard has provided the finest produce and seafood to the Mid-Atlantic.

Company Information

Company

The Chefs' Warehouse

About

The Chefs' Warehouse, Inc. (http://www.chefswarehouse.com) is a premier distributor of specialty food products in the United States and Canada focused on serving the specific needs of chefs who own and/or operate some of the nation's leading menu-driven independent restaurants, fine dining establishments, country clubs, hotels, caterers, culinary schools, bakeries, patisseries, chocolatiers, cruise lines, casinos and specialty food stores. The Chefs' Warehouse, Inc. carries and distributes more than 55,000 products to more than 34,000 customer locations throughout the United States and Canada.

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