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The deal brings together the two largest supply chain technology companies in the US / Photo: Shutterstock
Buyers Edge Platform, a foodservice procurement service, is acquiring ArrowStream, a provider of supply chain technology for restaurants.
The deal brings two of the largest digital purchasing and supply chain companies in the U.S. closer together as product shortages, delays and other issues plague restaurant brands. The companies said combining their data and networks would create a more transparent and efficient buying process for customers.
Terms of the deal were not disclosed. It marks the 11th acquisition for Buyers Edge since 2016. Waltham, Mass. Based on the company, it allows operators to buy goods in the digital marketplace with the help of a large amount of information.
“We envision foodservice customers and partners making their jobs easier and more successful by bringing data to the table,” said John Davey, CEO of Buyer’s Edge Platform, in a statement. [software-as-a-service] Solutions expands our end-to-end product offering and increases our visibility into our combined network.
ArrowStream works with over 275 restaurants that include 105,000 individual locations and 1,200 distributors and 10,000 suppliers. Its software helps restaurants manage costs and inventory.
In 2020, Chicago-based ArrowStream It was purchased by Tailwind Capital, a private equity firm. for an unknown amount. Tailwind has invested in growing the company and is now selling to Buyers Edge, which has been stocking up on supply chain management providers in recent years.
As part of the deal, ArrowStream CEO Raleigh McLaughton is leaving the company. Jeff Dorr, president of ArrowStream, oversees the service in Buyers Edge.
The deal is the latest sign of a shift in the restaurant supply chain industry, which has traditionally relied on old-fashioned pen-and-paper transactions. Technology companies like Buyers Edge and others They are bringing more digitization and data. Back to those old-school practices.
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