National Convenience Distributors (NCD), the fourth largest wholesale distributor to the convenience industry, recently acquired Colonial Wholesale Distributing, one of the Southeast region’s largest full-line wholesale distributors to the convenience and grocery store industries. Financial terms were not disclosed.
Colonial Distributing, founded in 1998 and located in Tampa, Florida, will join NCD as a newly created division and expand NCD’s geographical reach along the East Coast from Maine to Florida, the companies reported. National Convenience Distributors now services 13 states with annual revenues approaching $3.5 billion.
“The merger of Colonial Distributors with National Convenience Distributors greatly enhances the capabilities and product offerings that Colonial can now provide its customers,” Yasin Saad, founder of Colonial, said in a news release. “We built the state-of-the-art Colonial facilities with significant growth in mind. Now, as part of a larger organization, the opportunities throughout Colonial are greatly increased and we look forward to continuing impressive growth.”
NCD has become an “acquirer of choice” through proven results in consolidating the c-store wholesale distribution market, the company said. NCD possesses a customer-first service approach with tailored services built upon longstanding and deep relationships. Its differentiated product offering of over 20,000 SKUs and its focus on high-quality service, sets NCD apart from its competitors.
“The fragmented convenience wholesale distribution industry continues to consolidate and I’m proud that NCD is the leader when it comes to acquiring and integrating businesses in our market,” said Jeff Allen, NCD CEO. “Colonial is an amazing business, and we are fortunate to add them to the NCD family.
“With this transaction, NCD not only continues its geographic expansion along the East Coast, it also strategically positions us to acquire additional industry leaders and strengthens our overall business relationships with our customers, vendors, and employees.”
