Bonollo Provisions

04 Jan Bonollo Provisions

Providence, RI
Sold To: Génere Foods

What made the business attractive to buyers?

• The Company was a leading provider to restaurants across Rhode Island. The buyer was a leading provider to ethnic restaurants across Rhode Island. This was a perfect match for a business vibrant management looking to expand beyond its niche reputation.
• Strong steady accounts who pay quickly.
• Long track record of growth and profitability.
• Quality facility for food handling and storage.

Challenges:

• The Company operated in an industry which operated with long hours. Early mornings, evening emergency deliveries, seven days per week. Needed a buyer who understood this and was comfortable with these customer demands.
• Company processed its USDA approve beef and poultry processing facility. Some buyers liked this; others wanted nothing to do with part of the business.

Beacon’s Role and Results

Beacon prepared a full CIM outlining the business and its mix of products, customers, team, and facilities.

Beacon created a couple of videos showcasing the manufacturing process and the facility. This reduced the number of buyer tours.

Why did the owner want to sell?

The two owners had worked in the business since they were old enough to sweep the floors. The business was founded by their grandfather. They had earned the right to retire and enjoy life.

For more information on this transaction or other similar business sales contact:

David Humphrey
Beacon Equity Advisors
781.551.8000

Let Beacon sell your company for you.

About Beacon Equity Advisors – Since 1985 Beacon Equity Advisors, a leading New England Merger & Acquisition (M&A) advisory firm with offices in eight key New England cities, including in Boston, MA Providence, RI and Manchester, NH has represented owners selling closely held distribution businesses. Beacon Equity Advisors’ experience selling value add distribution companies enabled them to tell an engaging story about this Boston, MA area distributor in the M&A marketplace. Highlighting key enterprise attributes enhanced the company’s value as Beacon identified prospective buyers who were able to clearly recognize synergistic opportunities. By matching the right buyer with the right seller, shareholders were able to realize an above market value multiple in the sale of their business in a transaction beneficial for both parties. Beacon represented the Board of Directors and Shareholders in identifying the buyer, negotiating deal terms and brokering the transaction.