Keiter Advisors Announces The Sale of Adams Wholesale Company
Posted on September 29, 2016
Keiter Advisors (formerly known as Keiter Stephens Advisors (“KSA”)) continues its record year by announcing its fifth foodservice distribution transaction of 2016.
KSA represented Adams Wholesale Company headquartered in Rocky Mount, NC in the sale of its business. Adams operates a wholesale distribution center that focuses primarily on convenience stores and also has three cash and carry stores in Rocky Mount, Wilson, and Greenville, NC. Each of the three stores are free standing full retail operations.
Fred Adams, the company’s owner and CEO said, “One of the best decisions I ever made was choosing KSA to sell our 76 year old family business. Bill Beattie, Chris Hagen, and Carroll Hurst are a dedicated team that worked aggressively to make the sale as swift and comfortable as possible. I could not be any happier knowing that our company is now sold and in great hands for the future. I would highly recommend KSA to anyone who wishes to sell their business.”
The company’s assets were acquired by a private investor who will continue to operate the distribution center and the three stores. The company’s employees and management team will remain in place.
About Keiter Advisors
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 sale
- Examine the profitability of their business and develop viable improvement programs
- Renegotiate existing financing arrangements and secure new lenders
KA has worked with the owners of over 120 foodservice distributors to resolve their most challenging business issues.
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