Stan’s Coffee Service Sold
to Stuart Acquisition Corp
Stan’s Coffee Service is where the largest commercial fire on Lehigh Acres happened on July 10, 2011.
On Sunday July 10 One of Southwest Florida’s oldest and most respected food purveyors known to most as Stan’s Coffee Service but to others as P & L Foods suffered a complete loss of their 33,000 square-foot warehouse in Lehigh Acres.
Now July 12, 2013 – Corporate Finance Associates, Inc., an international investment banking services firm providing merger and acquisition, business valuation, capital resource and financial advisory services, is pleased to announce that it was the exclusive advisor to Naples, Florida based Stuart Acquisition Corp. in its acquisition of P&L Foods, Inc. and its operations under the “Stan’s Coffee Service” trade name.
P&L Foods, Inc./Stan’s Coffee Service, founded in 1955 and based in Lehigh Acres, Florida, began as a family business providing locally roasted coffee and service equipment to a variety of businesses across Southern Florida. As the business grew, its customers requested a greater variety of products. Thus began the Company’s transition into a foodservice wholesaler and its membership in UniPro Foodservice, Inc. With a collective sales volume of over $60 billion, UniPro Foodservice, Inc. is the largest foodservice distribution cooperative in the United States. The company will retain its employees and continue its operations from its current facilities.
“After meeting with Joe, I knew that this would be good fit for our organization,” Stated Peter Garda, President of P&L Foods, “I am excited for the future of the company and its continued commitment to our community and customers across Southwest Florida.”
Stuart Acquisition Corp. is a privately owned holding company founded by a Naples, Florida based family office. Corporate Finance Associates was hired to help diversify its holdings – both by industry sector and geographic location. “From start to finish, Joe and the CFA team provided professional advice and service of the highest level. Joe helped me forge a relationship with the seller and was there to smooth over the delicate issues which so often arise,” stated the President of Stuart Acquisition Corp.
“It was a pleasure to be a part of this transaction, everyone involved were absolute professionals,” said Joe Contaldo, Managing Director of Corporate Finance Associates, “From the beginning, our mission was to find a growing business with a great management team in Southwest Florida – and P&L Foods was a perfect fit.”