Keiter Advisors announces the sale of Cara Donna Provision Company

Posted on February 26, 2016

Middle Market M&A Services

Transaction Advisory

Keiter Advisors (formerly known as Keiter Stephens Advisors (“KSA”)) is pleased to announce the successful sale of Cara Donna Provision Company (the “Company”) located just outside of Boston, MA. to US Foods (“USF”). USF has agreed to acquire the assets of the Company in a transaction scheduled to close on March 4, 2016.

For three generations Cara Donna has been a family owned business focused on high principles and exceptional customer service. The Company serves over 1,300 customers in several specialty markets as well as traditional foodservice operators across Massachusetts, Rhode Island, New Hampshire, Maine and Connecticut. Members of the Cara Donna family, management and staff will remain on during a transition period to help ensure the smooth transition of the business to USF’s facilities in Seabrook, NH and Norwich, CT.

“When you have over 30 years and three generations of investment, and much of your personal identity intertwined with your family business, there is a lot hanging in the balance. You must be with a firm and people you trust to bring the ship safely into port. KSA has been that company for us. Over several years, KSA consulted with us to help groom the company our family is so proud of to create maximum value and to give us the best options for our transition plan. Ultimately KSA put Cara Donna in front of the right audience of potential acquirers and helped us complete the plan. In the final analysis, there’s no higher praise than to say, ‘mission accomplished’. Thank you Bill, Chris and Carroll for a job well done.”
– Joe Cara Donna III

This is the 28th transaction Keiter Stephens Advisors has completed in the foodservice distribution industry. We have advised many other owners to determine the value of their business in an industry with ever shifting market conditions.

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.

For additional information, contact:

Bill Beattie
Phone: 804.565.6018

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