GlacierPoint Enterprises Partners with Joe & Ross
2024年7月2日 - 4:09AM
ビジネスワイヤ(英語)
GlacierPoint Strategically Expands Beyond
Eastern Seaboard
GlacierPoint Enterprises, Inc. (“GlacierPoint” or “GPE”), a
portfolio company of Mill Point Capital LLC (“Mill Point”), and one
of the nation’s leading direct store delivery (“DSD”) distributors
of ice cream, frozen and fresh foods and beverages, announced today
that in conjunction with its continuing strategic expansion
initiative it has acquired Chicago-based Joe & Ross, Inc. and J
& R Dairy Service, Inc. (collectively, “Joe & Ross”).
Long-established as the Chicago-metro area’s foremost DSD
distributor, Joe & Ross will operate under the banner of
GlacierPoint as the GPE-Great Lakes Division and actively expand
its scope of operations.
“The addition of Joe & Ross stands as a pivotal moment for
GlacierPoint as we establish operations in the Midwest with a
highly respected business that already demonstrates the standards
of customer service and operating integrity that are widely held as
the hallmarks of GlacierPoint. This marks the first non-contiguous
expansion of our platform and our confidence in the Joe & Ross
leadership team is the foundational pillar of this acquisition. We
view this as critical territory for our vendor and retail partners
alike and our move into the Midwest highlights their unwavering
confidence in our ability to instill our operational excellence
across new territories – bordering existing GPE markets or
otherwise. Our operations in the Midwest will further accelerate
our growth trajectory and refine our evolving blueprint for
GlacierPoint’s continuous expansion goals,” commented Jim
Schubauer, Chief Executive Officer and Executive Chairman of
GlacierPoint.
Ross Purpura, Sr., President of Joe & Ross, stated, “I
firmly believe our partnership with Jim and the GlacierPoint team
should yield significant operational efficiencies and drive us to
unprecedented levels of value creation across our spectrum of
vendor and retail channel partners. The scope of opportunity before
us is now substantially amplified as a direct result of the breadth
and scale of GlacierPoint’s operations. Their ethos and operating
culture, as clearly manifested in the expansion path Jim and Mill
Point have charted, is built on a relentless pursuit of
best-in-class customer service and vigorous logistics execution. We
are all perfectly aligned with where we want to take this business
and I cannot think of a better partner to elevate our operations.
We are excited to embark on this next phase of growth with a leader
who shares all our core values.”
“Joe & Ross has established a stellar reputation in the DSD
industry. We are thrilled to join forces with Ross and his team as
we enhance our business capabilities and deliver unparalleled value
to our customers and suppliers. From the start it was clear that
Ross was completely in sync with Jim and the entire GlacierPoint
Team on the scale of this opportunity,” added Mark Paolano, Partner
of Mill Point.
About Joe & Ross
Founded in 1965 and headquartered in Bridgeview, IL Joe &
Ross serves as a leading DSD distributor of frozen and refrigerated
food products in Northern / Central Illinois and Northern Indiana.
Major partner brands include Nestlé, Häagen-Dazs, Ben &
Jerry’s, Edy’s, Nesquik, Breyers, DiGiorno, among others. Joe &
Ross’ customers consist of retail store chains, drug stores,
independent corner stores, gas stations, schools, restaurants,
sports stadiums and food e-commerce websites.
About GlacierPoint Enterprises
Headquartered in The Bronx, NY, GlacierPoint is one of the
nation’s leaders in DSD distribution, serving as the exclusive DSD
distributor of Dreyer’s Grand Ice Cream and Unilever Ice Cream,
featuring brands such as Häagen-Dazs, Ben & Jerry’s and Nestlé
Ice Cream. In addition to ice cream, GlacierPoint distributes a
variety of fresh and frozen products, servicing a territory that
spans from the U.S. / Canadian border to South Carolina.
GlacierPoint distributes to a broad customer base comprised of
grocery store chains, independent supermarkets, delis, drugstores,
convenience store chains and foodservice customers. GlacierPoint is
recognized as a leading distribution partner to suppliers and
retailers with an extensive history of dependability, reliability
and consistency. For further information, please visit
www.glacierpointenterprises.com.
About Mill Point Capital
Mill Point is an operationally oriented private equity firm
targeting control investments in lower-middle market companies,
with a focus on the Business Services, Industrials and IT Services
sectors in North America. Mill Point’s experienced team of
investors and Executive Partners seeks to enhance the value of
portfolio companies through the disciplined execution of
transformative strategic initiatives and operational improvements.
Mill Point is based in New York, NY. For more information, please
visit www.millpoint.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240701163247/en/
Jiaeh Kim, info@millpoint.com, 212-416-5800