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XLCS Partners Advises Joe & Ross on Sale to GlacierPoint Enterprises

USA 09.09.2024
Source: DairyNews.today
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XLCS Partners, Inc., a leading middle-market investment bank, has successfully served as the exclusive advisor to J & R Dairy Service, Inc. and Joe & Ross, Inc. (Joe & Ross) in their sale to GlacierPoint Enterprises, Inc., a portfolio company of Mill Point Capital LLC. Following the acquisition, Joe & Ross will operate as the Great Lakes Division of GlacierPoint.
XLCS Partners Advises Joe & Ross on Sale to GlacierPoint Enterprises

Founded in 1965 and based in Chicago, Joe & Ross is a prominent direct store delivery (DSD) distributor of frozen and refrigerated food products. The company has built a strong reputation over nearly 60 years, working with major brands such as Nestlé, Häagen-Dazs, Ben & Jerry's, and Breyers, and serving a wide range of customers including retail chains, drug stores, and foodservice providers.

GlacierPoint, headquartered in The Bronx, New York, is a leading national DSD distribution and logistics platform, with a footprint extending from the U.S.-Canada border to South Carolina. It distributes top ice cream brands, including Dreyer's Grand Ice Cream and Unilever Ice Cream products.

Ross Purpura, co-owner of Joe & Ross, expressed gratitude for XLCS Partners' role in the transaction: "Selling our family-owned business was a significant decision. The XLCS team not only found us a buyer but one that aligns with our family values."

The deal was led by XLCS Managing Partner Bob Contaldo and Senior Associate Matt Crabtree, and was finalized on June 28, 2024.


Image "XLCS Partners advises Joe & Ross on sale to GlacierPoint Enterprises" by PRNewsfoto/XLCS Partners, Inc.


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