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FDP Group
About the Company
FDP Group (“FDP” or “the Company”), a portfolio company of Riverarch Equity Partners (“Riverarch”), is a Canadian leader in the distribution of ethnic, organic, and conventional produce, recognized for its strong sourcing network and commitment to quality. Founded in 2003 and headquartered in Vancouver, British Columbia, FDP serves a broad customer base across Western Canada with fresh, high-quality produce. The Company plays a critical role in the supply chain, ensuring a steady flow of fresh fruits and vegetables to retailers and food service providers. With a deep understanding of evolving consumer preferences, FDP continues to expand its offerings, bringing global flavors and hard-to-find specialty produce to the Canadian market.
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Situation
Since partnering with Riverarch, Fresh Direct Produce continued its growth trajectory. The Company has been exploring opportunities to expand its market presence and enhance its specialty offerings across Canada and the U.S. With a vision of strengthening its footprint, FDP has tightened its focus on a targeted M&A strategy as a key driver of its next growth phase.
Engagement
To support its expansion strategy, Riverarch and FDP hired G2 Capital Advisors, LLC (“G2”) as the exclusive buy-side advisor to identify and pursue acquisition opportunities aligned with its long-term objectives. Leveraging its deep industry expertise and tailored approach, G2 was pivotal in sourcing and facilitating a transaction that would enhance FDP’s presence within food service accounts, national and regional retailers, and independent chains.
Outcome
G2 has served as a strategic advisor to FDP, guiding the execution of a transformative M&A strategy. This partnership culminated in the successful acquisition of Yen Bros Food Service (“Yen Bros”), strengthening FDP’s position as a leading fresh produce distributor. With a new strategic partner, Yen Bros is poised for accelerated expansion, while Fresh Direct Produce fortifies its position as Canada’s premier distributor of exotic and hard-to-source produce.
Riverarch’s Brian Blake shared, “G2’s strategic expertise and unwavering commitment were pivotal in achieving a seamless and successful transaction. Their deep industry knowledge and disciplined approach ensured an outcome that aligns with the long-term growth objectives of all stakeholders. With this new partnership, Yen Bros is well-positioned for continued expansion, while FDP further solidifies its leadership in the market. We greatly appreciate G2’s guidance and professionalism throughout this process.”
“We are thrilled for our client and the team at Yen Bros. This partnership meets the strategic objectives of both parties, and we are excited to see this partnership’s success over time,” said Andrew Keleher, Managing Director at G2 Capital Advisors.
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