Jetro Cash & Carry
Flushing, New York
FUND
CCMP III
ORIGINAL INVESTMENT
2014
STATUS
Realized
Partnered with a proven management team of a founder-owned business-to-business foodservice retailer with a true value proposition to its customers to drive growth through continued geographic expansion and new product offerings
CCMP invested in Jetro, a leading low-cost, B2B, cash & carry retail foodservice operator in the U.S., in 2014.
CEO Corner
Stanley Fleishman, Executive Chairman
"CCMP has been a great partner over our longstanding relationship. They are knowledgeable, patient investors that understand how and when to work with our family-owned and operated business that is constantly striving to achieve our aggressive growth plans."
Opportunity and Why CCMP
- Large & stable foodservice industry
- Leading operator with attractive value proposition serving local independent retailers & restaurants with products at competitive prices
- Unit growth in new & existing markets; expand product offerings; realize operating efficiencies; international expansion
Value Creation
- Drove same-store sales growth
- Drove margin improvement through operating efficiency and volume discounts achieved through scale
- Consistent new unit growth in new and existing markets
- Executed on international expansion strategy and entry into new product categories
Results
- Revenue and EBITDA growth during CCMP’s ownership
- Strong market position, foodservice industry leading margins & growth
These endorsements are provided by certain current and former executive officers of portfolio companies that are or were previously owned by certain investment vehicles advised by CCMP Growth and CCMP Capital. None of the executive officers were directly compensated for providing these endorsements. However, as a result of the ownership structure of these portfolio companies and the controlling interest held by the funds advised by CCMP Growth and CCMP Capital, a conflict of interest exists because the executive officers have an incentive to make positive statements about CCMP Growth and/or CCMP Capital and their experiences with CCMP Growth and/or CCMP Capital to maintain the goodwill with CCMP Growth. Please refer to Terms of Use and Disclaimers for important information about CCMP Capital Advisors, LP and CCMP Growth Advisors, LP.
For illustrative purposes only. There can be no assurance any such value creation plan will ultimately be achieved as described herein. Certain statements herein reflect the subjective views and opinions of CCMP Growth and its personnel. Such statements cannot be independently verified and are subject to change. Please refer to Terms of Use and Disclaimers for important information about CCMP Capital Advisors, LP and CCMP Growth Advisors, LP. A complete list of CCMP Capital Advisors, LP investments is available on its website.
