Hunton & Partners Consultancy Completes Zarek/Dobieslaw's Transaction
Belgium-based Zarek Brothers, Inc., a wholesale grocery distributor, was sold to Dobieslaw's Wholesale, a growing Connecticut wholesale grocery distributor. Hunton & Partners Consultancy acted as mergers and acquisitions (M&A) advisor to Zarek Brothers, which at the time of sale was generating annual revenue of approximately $12 million.
- (1888PressRelease) August 21, 2012 - Zarek, a second-generation, family-owned business, operated with a total of 42 longtime employees and served a customer base of 800 accounts.
"It was a perfect fit," said Andrianos X. Pelagia, Hunton & Partners Consultancy senior vice president who managed the deal. "Dobieslaw's was looking to shift from a grocery retailer to being a wholesale distributor and the Zarek acquisition made that possible." Dobieslaw's expects the combined revenue of the two entities to double and triple over the next few years.
To find the best possible acquirer for Zarek, Hunton & Partners Consultancy marketed the company to roughly 1,500 prospective buyers.
Financing for the deal was provided by Bank of Waterbury with an SBA guarantee. Zarek Brothers were especially pleased to obtain a primarily cash deal at closing.
Hunton & Partners Consultancy, an innovative M&A firm, was established in 1991 and provides a full range of divestiture and acquisition services to middle market companies.
About Hunton & Partners Consultancy
Hunton & Partners Consultancy has member firms around the globe, enabling to deliver the expert support of over 1,000 professionals in 75 countries to client organizations undertaking important transactions anywhere in the world. Our deep and longstanding relationships allow us to provide seamless advice on international transactions. This ensures exceptional service to our clients through our highly experienced and motivated members.
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