Staple Street Capital Acquires Delaware Valley Floral Group in Partnership with its Management Team
Summary
NEW YORK--(BUSINESS WIRE)--Staple Street Capital (“SSC”), a middle-market private equity firm, announced a partnership transaction with members of the Wilkins family to acquire Delaware Valley Floral Group (“DVFG” or the “Company”). Headquartered in Sewell, NJ, DVFG is the largest supplier of fresh cut flowers and floral supplies across the Northeast and Mid-Atlantic regions. The Companys hub-and-spoke distribution architecture, cold chain delivery infrastructure, and global supplier relationships have entrenched DVFG as the mission critical wholesale partner of thousands of retail florists and supermarket customers. Jack Chidester, Chief Executive Officer, commented, “In seeking the right partner, we were determined to find a firm that understood our core values, customer-first mindset, and passion for the pursuit of operational excellence. We are excited to embark on this journey with Staple Street Capital, as they have a proven track record of empowering companies to reach new heights while preserving their unique identity and values.