One Equity Partners has acquired Kitwave, a UK wholesale distributor, in a £251 million ($335.4 million; €290.0 million) take-private transaction. The North Shields-based company, founded in 1987, supplies food, drinks, and consumables to foodservice and retail customers across the UK through 37 facilities and a fleet of 650 delivery vehicles.

Kitwave processes over 6,500 orders daily, making it a significant player in the UK wholesale distribution market. The company has built its business on service reliability and local reach, operating nationwide with a network that supports both foodservice and retail customers. This acquisition represents a major consolidation in the fragmented UK wholesale sector.

The deal highlights One Equity Partners' strategy of targeting companies with strong operational models and acquisition track records. Kitwave's experience in integrating businesses in the wholesale space positions it well for future growth through M&A. The transaction underscores continued private equity interest in UK distribution and logistics companies.