M&A Deal Summary

Blue Road Capital Acquires Keany Produce and Gourmet

On November 1, 2022, private equity firm Blue Road Capital acquired distribution company Keany Produce and Gourmet

Acquisition Highlights
  • This is Blue Road Capital’s 1st transaction in the Distribution sector.
  • This is Blue Road Capital’s 5th transaction in the United States.
  • This is Blue Road Capital’s 1st transaction in Maryland.

M&A Deal Summary
Date 2022-11-01
Target Keany Produce and Gourmet
Sector Distribution
Buyer(s) Blue Road Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Keany Produce and Gourmet

Landover, Maryland, United States
Keany Produce and Gourmet produce distributor and value-added processor servicing the Mid-Atlantic foodservice industry. Keany Produce and Gourmet was founded in 1978 and is based in Landover, Maryland.

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Buyer(S) 1

Buyer

Blue Road Capital

Category Private Equity Firm
Size Small
Type Sector Focused
DESCRIPTION

Blue Road Capital is an independent private equity firm focused on the acquisition and development of agricultural-focused businesses. Blue Road makes control investments in agricultural and food / ingredient supply chain and production companies, partnering with management teams to build enterprise value beyond intrinsic underlying asset value. Blue Road Capital is based in New York City.

DEAL STATS #
Overall 5 of 6
Sector (Distribution) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 2
State (Maryland) 1 of 1
Country (United States) 5 of 6
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-09 Sweet Harvest Foods

Cannon Falls, Minnesota, United States

Sweet Harvest Foods is a producer and distributer of a full range of honey and commercial sweeteners to some of the world's best-known food manufacturers and foodservice customers, as well as national retailers and distributors. The company's footprint is significant, with global procurement operations, as well as a state-of-the-art lab where its products are tested for quality and safety. Sweet Harvest Foods was founded in 1923 and is based in Cannon Falls, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-19 NatureSweet

San Antonio, Texas, United States

NatureSweet is an agricultural company provides greenhouse-grown vegetables both organic and conventional. NatureSweet is based in San Antonio, Texas.

Buy -
Mergr

Product

Company

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