BGL Announces the Sale of Indo-European Foods, a portfolio company of Corridor Capital, to Global Market Foods

Brown Gibbons Lang & Company (BGL), a leading independent investment bank and financial advisory firm, is pleased to announce the sale of Indo-European Foods (IEF), a value-added distributor of ethnic, specialty food products, and a portfolio company of Corridor Capital, to Global Market Foods, a leading omni-channel distributor of world cuisines. BGL’s Food and Beverage investment banking team served as the exclusive financial advisor to IEF. This deal marks BGL’s fourth transaction this year within the broader specialty foods sector.

Founded in 1966, IEF is an importer and value-added distributor of specialty ethnic foods offering third-party, proprietary branded, and private-label products to independent ethnic grocers predominantly located in the Western United States and national chains covering 45 states. IEF sources, develops, markets, and distributes Eastern European, Mediterranean, and North African food products, including spreads, preserves, condiments, appetizers, cheeses, confections, seasonings, and specialty grains and rice. The company’s primary owned brands include Indo-European and ZERGÜT.

“Dan and Stephen ran a tailored and focused process that resulted in finding a partner we believe is well-suited to support the continued growth of IEF. We appreciate the efforts of the BGL Food and Beverage team and their guidance and unwavering advice throughout every step of the process,” said Iman Navi, Managing Director at Corridor Capital.

Global Market Foods, an affiliate of Peak Rock Capital, is a leading omni-channel distributor of world cuisines, including Middle Eastern, Mediterranean, Eastern European, South Asian, African, and Caribbean products spanning over 6,000 SKUs to more than 8,000 accounts. Global Market Foods operates from a network of eight facilities across the U.S. and Canada, providing exceptional reach for its retail and brand partners.

This transaction brings together two companies that we believe have highly complementary brand portfolios and geographic footprints, enabling both companies to offer customers and consumers an expanded assortment of products.

BGL’s Food and Beverage investment banking team, led by BGL Managing Director Daniel Gomez, has deep sector knowledge and extensive transaction experience, representing companies across the entire food and beverage landscape. Coverage includes branded and private label products, global supply chain, contract manufacturing, processing, and distribution.

To learn more about the state of food & beverage M&A, including the trends and opportunities in the specialty food sector, download our most recent Food and Beverage research reports by clicking here.