M&A Deal Summary

GrubMarket Acquires Brothers Produce

On July 8, 2024, GrubMarket acquired distribution company Brothers Produce

Acquisition Highlights
  • This is GrubMarket’s 5th transaction in the Distribution sector.
  • This is GrubMarket’s 15th transaction in the United States.
  • This is GrubMarket’s 2nd transaction in Texas.

M&A Deal Summary
Date 2024-07-08
Target Brothers Produce
Sector Distribution
Buyer(s) GrubMarket
Deal Type Add-on Acquisition

Target

Brothers Produce

Houston, Texas, United States
Brothers Produce is a food service distributor that serves a full line of fresh fruits and vegetables, specialty goods, and processed items to over 6,000 food service, education, restaurant, grocery, and retail customers across Texas, Louisiana, Oklahoma, and Mississippi. Brothers Produce is based in Houston, Texas.

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Buyer(S) 1

Buyer

GrubMarket

San Francisco, California, United States
Category Company
Founded 2014
Sector E-Commerce
DESCRIPTION

GrubMarket is an online marketplace that connects consumers with local farms and food producer communities in the United States. GrubMarket was formed in 2014 and is based in San Francisco, California.

DEAL STATS #
Overall 16 of 19
Sector (Distribution) 5 of 5
Type (Add-on Acquisition) 15 of 18
State (Texas) 2 of 2
Country (United States) 15 of 18
Year (2024) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-17 Parsemony

Alameda, California, United States

Parsemony is a provider of comprehensive enterprise software services primarily for fresh produce distributors, wholesalers, repackers and food service suppliers. Parsemony is based in Alameda, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-31 Best Oriental Produce

Vernon, California, United States

Best Oriental Produce produces and distributes fruits and vegetables. The Company offers mango, coconut, sweet tamarind, garlic, ginger, lemon grass, basil, and other products. Best Oriental Produce was formed in 1998 and is based in Vernon, California.

Buy -
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