Antonucci Foods Finds New Ownership with Harvest Prime
Deal News | Apr 29, 2025 | EIN
Venture 7 Advisors, a merger and acquisition advisory firm from Burlington, Vermont, has successfully completed the sale of Antonucci Wholesale Produce, located in Gloversville, New York, to Harvest Prime LLC. The sale was part of an industry trend towards consolidation, and Venture 7 acted as the exclusive advisor to the seller, John Antonucci. Antonucci Foods is a significant player in the wholesale food distribution sector in upstate New York, dealing extensively in fresh produce and seafood, catering to various clients, including restaurants and retailers. Meanwhile, Harvest Prime is a holding company based in New York focusing on building a regional food distribution network with an emphasis on locally sourced products. The transaction will see the current Antonucci team remain with the new owners, ensuring continuity and commitment to quality service. Both parties stress the importance of sourcing local produce and supporting local farmers in their business models.
Sectors
- Food Distribution
- Mergers and Acquisitions
Geography
- United States – Both the buyer, Harvest Prime LLC, and the target company, Antonucci Foods, as well as the advisory firm Venture 7 Advisors, are based in the United States.
- New York – The target company, Antonucci Foods, operates out of Gloversville, New York, and the article focuses on its sale and operations within this geographic location.
Industry
- Food Distribution – The article discusses the sale of a company, Antonucci Foods, which operates in the wholesale food distribution sector, indicating that this is the primary industry involved.
- Mergers and Acquisitions – Venture 7 Advisors facilitated the transaction, classifying the article's context within the mergers and acquisitions sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Antonucci Wholesale Produce | Target Company | Company | A wholesale food distributor located in Gloversville, N.Y., serving various clients with fresh produce and seafood. |
| John Antonucci | Vendor/Seller | Person | Former owner of Antonucci Wholesale Produce who sold the company as part of an industry consolidation. |
| Venture 7 Advisors | Corporate Finance Advisor | Company | A Burlington, Vermont-based merger and acquisition advisory firm that acted as the seller's exclusive advisor. |
| Harvest Prime LLC | Buyer | Company | A holding company committed to building a regional food distribution company with an emphasis on locally sourced products. |
| Wes Abram | President | Person | President of Harvest Prime LLC, emphasizing local sourcing and distribution strategies. |
| Juan Lechin | CEO | Person | Chief Executive Officer of Harvest Prime LLC who focused on expanding the local produce offering. |
| Bryan Ducharme | Point of Contact | Person | Representative for Venture 7 Advisors mentioned in the article. |