Keiter Stephens Advisors Announces the Sale of Kelley Foods of AlabamaSeptember 12, 2016
Keiter Stephens Advisors (KSA) is pleased to announce the sale of Kelley Foods of Alabama. Headquartered in Elba, Alabama, Kelley serves over 2,000 customers in Alabama, Florida, Georgia, and Mississippi. They also operate a manufacturing division that produces a quality selection of sausages and hams, as well as other custom products under the Kelley Foods’ name.
The assets of both operations are being acquired by the Ben E. Keith Company (BEK) of Fort Worth, Texas. BEK will retain all current Kelley employees and will continue operations in Elba. Current President and CEO, Eddie Kelley, and Vice President of Distribution, Jerry Kelley, will serve as advisors to Ben E. Keith Foods during the transition and integration process. Current Vice President of Manufacturing, Scott Kelley, will continue to manage the manufacturing division.
The transaction is expected to close on September 30, 2016.
KSA served as the financial advisor to Kelley Foods. This is the fourth foodservice distribution transaction KSA has completed in 2016 and its 31st overall.
About Keiter Stephens Advisors
Keiter Stephens Advisors is the only financial advisory firm dedicated to the foodservice distribution industry. KSA is recognized as the national leader in assisting owners to:
- Buy or sell foodservice distribution, meat processing and produce companies
- Plan and execute transition strategies, including family buy out initiatives and third party sale
- Examine the profitability of their business and develop viable improvement programs
- Renegotiate existing financing arrangements and secure new lenders
KSA has worked with the owners of over 120 foodservice distributors to resolve their most challenging business issues.
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