Keiter Advisors Announces the Sale of Staunton Foods
Posted on January 17, 2017
Behrhorst and Crawford, Ltd. (“BCL”), a Pennsylvania based private equity firm, has owned Staunton Foods since 1994. BCL Chairman Jim Crawford commented: “We are delighted to be associated with the professionals at KSA. Bill Beattie and the KSA team have advised us for over a decade and helped us with both acquisitions and divestitures. This will be a great fit for the Wendling family and for our associates in Staunton.”A.F. Wendling will retain all current employees and will continue operations in Staunton. Robert Anders, the current president, will continue to manage the Staunton operation.A.F. Wendling has been in business for over 100 years and has grown to be the largest independent family owned broadliner in West Virginia. In addition to their foodservice distribution business, they also operate a USDA inspected meat processing business and offer a range of hand cut to order fresh meats.
President Chris Wendling remarked: “Bill Beattie called me with this opportunity last summer and the KSA group was quite helpful in keeping the deal on track and on time. We are excited to have Staunton Foods become part of our growing foodservice family.”KA served as the financial advisor to Staunton Foods. This is the sixth foodservice distribution transaction KA completed in 2016 and its 32nd overall.
Keiter Advisors is the only financial advisory firm dedicated to the foodservice distribution industry. KA is recognized as the national leader in assisting owners to:
- Buy or sell foodservice distribution, meat processing and produce companies
- Plan and execute transition strategies, including family buy out initiatives and third party sales
- Examine the profitability of their business and develop viable improvement programs
- Renegotiate existing financing arrangements and secure new lenders
- KSA has worked with the owners of over 120 foodservice distributors to resolve their most challenging business issues.
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