WALTHAM, Mass., April 18, 2024 /PRNewswire/ -- Buyers Edge
Platform, the leading software and analytics company providing
data-driven insights and technology to the foodservice industry,
announces its acquisitions of The Full Range and Delta Procurement,
two prominent UK Group Purchasing Organizations (GPOs). These
acquisitions mark a significant step in Buyers Edge Platform's
rapid expansion across Europe,
solidifying its position as a key player in the international
procurement landscape. This announcement comes on the heels of
Buyers Edge Platform recently securing a $425 million Preferred Equity investment from
three prominent investors: General Atlantic, Blackstone, and Morgan Stanley.
These acquisitions align with Buyers Edge Platform's broader
strategy to create the largest Digital Procurement Network in
Europe, mirroring their success
achieved in the US. Through strategic acquisitions, new country
partnerships, and organic growth initiatives, Buyers Edge Platform
is set to transform procurement, offering exceptional value to
foodservice businesses across Europe.
John Davie, CEO of Buyers Edge
Platform, expressed his excitement about both acquisitions,
stating, "We're seeking the best and most powerful GPOs in each
country in Europe and have been
looking to bring both brands on board as we continue our mission to
revolutionize procurement practices and empower businesses across
the continent."
Daniel Wilson, President of
Buyers Edge Platform Europe, added "We are delighted to welcome the
Full Range and Delta Procurement to the Buyers Edge Platform
Family. We have hugely ambitious plans to expand our operations
across Europe and look forward to
working with the team members, supply partners, and customers of
the acquisitions to achieve this." Buyers Edge Platform has now
completed 3 European acquisitions since January 2023.
The Full Range
Founded by Co-Owners and Directors Barry
Knight and Nicky Prentice,
The Full Range stands as one of the largest independent GPOs in the
UK. Renowned for its comprehensive support and consultancy
services, The Full Range caters to diverse sectors including
hotels, bars, restaurants, and golf clubs. Their sterling
reputation stems from a commitment to enhancing client purchasing
efficiency while fostering strong supplier relationships.
Barry Knight, Director of The
Full Range, expressed his enthusiasm about the acquisition, saying:
"From the very first conversation with Buyers Edge Platform, it was
clear we shared the same vision and values. We are both
people-focused businesses who always put the customer first.
Combining our UK market knowledge with Buyers Edge Platform
technology and buying power will create the perfect environment to
help our customers to thrive. We are excited to have joined the
most powerful network in the foodservice industry and to share the
opportunities this brings to hospitality owners across the UK."
Delta Procurement
Delta Procurement, led by Dave
Anderson and Nick Ryan, has
emerged as a transformative force in the UK procurement service
industry. With a focus on delivering absolute value at every link
of the foodservice chain, Delta has earned acclaim for its tailored
solutions and exceptional customer satisfaction. The company's
success underscores its commitment to innovation and
customer-centricity.
"We have always put our clients front and center of all that we
do and so are thrilled about the acquisition by Buyers Edge
Platform as it represents a significant opportunity for our
customers. By joining forces, we can now offer our clients access
to cutting-edge technology and enhanced buying power, enabling them
to streamline their procurement processes and drive greater
efficiencies in their businesses. This acquisition marks a new
chapter for Delta and our customers, and we are excited to continue
delivering exceptional value and service as part of the Buyers Edge
Platform."
For other companies who are interested in leveraging the power
of Buyers Edge Platform for their customers, visit
BuyersEdgePlatform.com/About/Acquisitions.
About Buyers Edge Platform
Buyers Edge Platform is the leading software and analytics
company providing data-driven insights and technology to the
foodservice industry. We connect entities throughout foodservice
and empower them to run their businesses more efficiently by
leveraging data and analytics. Buyers Edge Platform's mission is to
drive the foodservice industry from manual to automated with
programs that benefit all stakeholders across the supply chain.
Visit BuyersEdgePlatform.com to learn more.
Buyers Edge Platform recently announced a $425M preferred equity investment from a
consortium led by General Atlantic Credit's ("GA Credit") Atlantic
Park fund, alongside funds managed by Blackstone Tactical
Opportunities ("Blackstone") and
investment funds managed by Morgan Stanley Tactical Value ("MS
Tactical Value"). Buyers Edge Platform intends to leverage the new
funds and partnership with GA Credit, Blackstone, and MS Tactical Value to support
the execution of its continued growth initiatives, including
platform innovation, strategic M&A, and European expansion.
Media contact:
Ryan Gerding for Buyers Edge
Platform
rgerding@inkincpr.com
913-602-8531
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