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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SOURCE Buyers Edge Platform