Odeko acquires Catapult NW
What's the deal? Odeko, an operations and technology partner to more than 30,000 independent food and beverage businesses, has acquired Catapult NWDealroom has a profile for this one. Try Dealroom →, a Seattle-based fresh foods distributor. Terms were not disclosed.
What each does: Odeko runs an ordering platform, national product catalogue, and financing and insurance offerings for coffee shops, cafés, and other food establishments. Catapult sources fresh local brands for coffee shops, cafés, grocery stores, and corporate customers across the Pacific Northwest.
What changes: Catapult's customers gain access to Odeko's online ordering platform, national catalogue, 24/7 support, and financing and insurance products.
Why now? The deal deepens Odeko's footprint in a region where it already runs three sites. "This acquisition is a clear signal of our continued investment in the Pacific Northwest," said Ken Banas, chief financial officer of Odeko.
What else? Alongside the acquisition, Odeko is entering an exclusive partnership with Artisan PremadesDealroom has a profile for this one. Try Dealroom →, which makes sandwiches, salads, and other fresh foods. Odeko gains exclusive distribution rights in certain channels; Artisan Premades gets potential distribution across Odeko's network.
By the numbers: Odeko operates warehouses in 18 US markets and serves the rest of the country through e-commerce. It has raised more than $280 million in equity from backers including B Capital, Tiger Global ManagementDealroom has a profile for this one. Try Dealroom →, Two Sigma Ventures, and Primary Ventures.
The signal: Odeko is consolidating regional distributors to widen its supplier network and product range, folding local players into a national technology platform for independent F&B businesses.
Read more: PR Newswire
Image credit: Catapult
