National Convenience Distributors Acquires Colonial Wholesale Distributing; Jeff Allen and Yasin Saad Detail
FARMINGDALE, NY - One of the Southeast region's largest full-line wholesale distributors to the convenience and grocery store industries was recently acquired by a competitor. In a recent announcement, we learned that National Convenience Distributors (NCD) acquired Colonial Wholesale Distributing. Financial terms were not disclosed.
"The fragmented convenience wholesale distribution industry continues to consolidate and I’m proud that NCD is the leader when it comes to acquiring and integrating businesses in our market,” Jeff Allen, Chief Executive Officer of NCD, commented. “Colonial is an amazing business and we are fortunate to add them to the NCD family. With this transaction, NCD not only continues its geographic expansion along the East Coast, it also strategically positions us to acquire additional industry leaders and strengthens our overall business relationships with our customers, vendors, and employees."
Colonial Distributing will join NCD as a newly created division and expand NCD’s geographical reach along the East Coast from Maine to Florida. NCD now services 13 states with annual revenues approaching $3.5 billion, according to a press release.
NCD has become an industry leader through proven results in consolidating the c-store wholesale distribution market. The distributor possesses a customer-first service approach with tailored services built upon long-standing and deep relationships. A product offering of over 20,000 SKUs, as well as its focus on high-quality service, sets NCD apart.
"The merger of Colonial Distributors with National Convenience Distributors greatly enhances the capabilities and product offerings that Colonial can now provide its customers," stated Yasin Saad, Founder of Colonial. "We built the state-of-the-art Colonial facilities with significant growth in mind. Now, as part of a larger organization, the opportunities throughout Colonial are greatly increased and we look forward to continuing impressive growth."
Stay tuned as we continue to keep an eye on the distribution realm.
