Klein Wholesale Distributors
Klein Wholesale Distributors is a $600 million distributor of cigarettes, candy and grocery items to convenience stores and other retailers throughout the northeastern United States.
Klein engaged SSG as its financial advisor to explore strategic alternatives, including a sale of the Company.
SSG identified Klein’s positioning as a key player in the Mid-Atlantic region as an attractive attribute for publicly held CoreMark Holding Company, a $4 billion West Coast based distributor to the same industry. Although CoreMark had penetrated substantially all of the United States, Klein’s footprint was geographically an ideal fit to their existing operations. SSG worked to originate, negotiate, structure and close the acquisition of Klein by CoreMark.