M&A Deal Summary

FreshEdge Acquires Panama

On May 23, 2023, FreshEdge acquired distribution company Panama

Acquisition Highlights
  • This is FreshEdge’s 3rd transaction in the Distribution sector.
  • This is FreshEdge’s 4th transaction in the United States.
  • This is FreshEdge’s 3rd transaction in Illinois.

M&A Deal Summary
Date 2023-05-23
Target Panama
Sector Distribution
Buyer(s) FreshEdge
Deal Type Add-on Acquisition

Target

Panama

Chicago, Illinois, United States
Panama is a wholesaler and distributor of fine products in the Chicago International Produce Market. The company offers ripening rooms, cold coolers, climate-control docks that maintain the cold chain throughout the entire process of unloading and reloading, producing packaging and repacking with plastic-free clipped bags, and logistics. Panama was formed in 1925 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

FreshEdge

Indianapolis, Indiana, United States
Category Company
Sector Distribution
DESCRIPTION

FreshEdge is a produce distributor in the Midwest. FreshEdge provides fresh and packaged produce varieties, as well as partially prepared meal components, to a variety of customer types including grocery stores, restaurants, schools, and food management companies. FreshEdge is based in Indianapolis, Indiana.

DEAL STATS #
Overall 4 of 4
Sector (Distribution) 3 of 3
Type (Add-on Acquisition) 4 of 4
State (Illinois) 3 of 3
Country (United States) 4 of 4
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-02 Testa Produce

Chicago, Illinois, United States

Testa Produce is a producer and specialty food distribution business that operates out of a state-of-the-art 91,300 square foot facility that features green technologies to utilize energy generation and water conservation. Testa Produce is based in Chicago, Illinois.

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