M&A Deal Summary

FMS Solutions Acquires C&S Wholesale Grocers - Retail Accounting Divisions

On May 3, 2021, FMS Solutions acquired business services company C&S Wholesale Grocers - Retail Accounting Divisions from C&S Wholesale Grocers

Acquisition Highlights
  • This is FMS Solutions’ 1st transaction in the Business Services sector.
  • This is FMS Solutions’ 2nd transaction in the United States.
  • This is FMS Solutions’ 1st transaction in New Hampshire.

M&A Deal Summary
Date 2021-05-03
Target C&S Wholesale Grocers - Retail Accounting Divisions
Sector Business Services
Buyer(s) FMS Solutions
Sellers(s) C&S Wholesale Grocers
Deal Type Divestiture

Target

C&S Wholesale Grocers - Retail Accounting Divisions

Keene, New Hampshire, United States
C&S Retail Accounting Divisions provides business process outsourcing services to independent grocers.

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Buyer(S) 1

Buyer

FMS Solutions

Ft Lauderdale, Florida, United States
Category Company
Founded 1974
Sector Financial Services
DESCRIPTION

FMS Solutions is a provider of business process outsourcing (“BPO”) services to independent grocers and other multi-unit retailers. FMS’s comprehensive range of accounting and payroll solutions enables its 5,000+ retailer customers to run more efficient operations and make informed strategic decisions on a daily basis. FMS Solutions was founded in 1974 and is based in Ft Lauderdale, Florida.

DEAL STATS #
Overall 2 of 4
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (New Hampshire) 1 of 1
Country (United States) 2 of 4
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-22 Boschini Miller & Associates

Greensburg, Pennsylvania, United States

Boschini, Miller & Associates is an accounting services firm providing support to multiple grocery, restaurant, and other retail environments. Boschini, Miller & Associates was established in 1983 and is based in Greensburg, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-14 GOT Systems

Leawood, Kansas, United States

GOT Systems provides SaaS-based product ordering, shrink and markdown tracking and grind log services to U.S. grocers, based in Leawood, Kansas.

Buy -

Seller(S) 1

SELLER

C&S Wholesale Grocers

Keene, New Hampshire, United States
Category Company
Founded 1918
Sector Food
DESCRIPTION

C&S Wholesale Grocers, Inc. is a wholesale grocery supply company in the U.S., supplying 5,000 independent supermarkets, chain stores, military bases, and institutions with over 150,000 different products.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
State (New Hampshire) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-05 Olean Wholesale Grocery Cooperative

Olean, New York, United States

Olean Wholesale Grocery Cooperative, Inc. is a full-service grocery wholesaler with a variety of food products as well as non-food, household, and personal care items. Olean Wholesale Grocery Cooperative, Inc. was founded in 1922 and is based in Olean, New York.

Buy -
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