Wholesale Produce Supply Completes Acquisition of Bandwagon Brokerage; Jason Dugan and Dennis Berman Share
MINNEAPOLIS, MN - Have you been enjoying our recent acquisition stories? Then you will be delighted to hear what we are reporting on this time. Logistics and solutions provider Wholesale Produce Supply (WPS) has acquired Bandwagon Brokerage, a specialty produce company, in a landmark transaction.
"Wholesale Produce Supply is thrilled to join forces with Dennis and the Bandwagon team," said Jason Dugan, Chief Executive Officer of WPS. "We are excited to expand our offering to our customers to include a broad array of specialty produce and also offer Bandwagon's customers access to our extensive core produce programs and value-added services, such as ripening, grading, and fresh-cut. Bandwagon's focus on high-quality, reliable service overlaps with ours, and we extend a warm welcome to Bandwagon's employees into the WPS family."
A press release explained that the acquisition is complementary, as it allows both companies to grow by broadening the portfolio of products and services they offer to customers as well as broadening their customer bases. Bandwagon's Founder, Owner, and President, Dennis Berman, will continue to run the business and has become an investor in WPS as part of the transaction.
Bandwagon serves foodservice distributors and wholesalers throughout the United States, Hawaii, Caribbean, Canada, and beyond, offering a wide variety of specialty fruits, vegetables, and herbs. The brokerage procures the highest quality products from a rich network of growers and vendors, providing comprehensive specialty programs covering hundreds of products as well as consolidation services. Its facility in Vernon, California, is equipped with five separate temperature-controlled environments, a freezer, and a refrigerated repack room and located in close proximity to the Los Angeles Produce Market.
"We are thankful to our dedicated employees as well as to our long-term customers, growers, and vendors," added Berman. "We look forward to continuing to provide outstanding service and to expanding our offering and capabilities, as part of Wholesale Produce Supply."
Mayer Brown served as legal counsel to Wholesale Produce Supply, and Calabasas Capital served as financial advisor and Sklar Kirsh served as legal counsel to Bandwagon.
For more intriguing news like this, keep clicking back to ANUK.
