November 6, 2020
Grocery Supply Company acquires Long Wholesale
Bulkley Capital served as exclusive financial advisor to GSC Enterprises, Inc. (Grocery Supply Company) (Sulphur Springs, Texas), a full-line wholesale distributor to the convenience store market, in the acquisition of Long Wholesale, Inc. (Meridian, Mississippi).
Founded in 1947 and owned and operated by the second and third generations of the McKenzie family, Grocery Supply Company serves single store operators and large regional chains throughout Texas, Oklahoma, Arkansas, Louisiana, Kansas and Missouri. The company carries more than 10,000 items in inventory across an extensive dry, refrigerated and frozen product line. Bulkley Capital was engaged by GSC to assist in identifying complementary businesses as part of the company’s plan to broaden its geographic footprint.
GSC acquired selected assets of Long Wholesale, a fourth-generation family owned and operated distributor, operating from a 144,000 square foot facility in Meridian, Mississippi. The transaction provides GSC with a strategic distribution point from which to serve existing clients expanding in the Southeast market as well as to support and grow Long’s customer base.