FOR IMMEDIATE RELEASE
June 23, 2020
Yellow Umbrella Provisions has been acquired by a Private Investor
June 15, 2020 Richmond, VA- Transact Capital Partners is pleased to announce that Yellow Umbrella, a specialty grocer of fresh seafood, meats, prepared foods and provisions, has been acquired by a private investor.
Transact Capital Partners served as the exclusive financial advisor to David Whitby, President of Yellow Umbrella, with George Sydnor managing the transaction.
Tom Brown, a private investor, is pleased about the acquisition, saying “I won the deal with a pre-emptive offer, helping the owner receive what he wanted, and I got what I felt was a fair deal. This can be a stressful process, but this was as smooth as could be expected. I have been involved in numerous acquisitions and I was pleased with how this one was conducted.”
David Whitby, owner and seller, said: “I was very happy with the deal. The Yellow Umbrella has been in the family for over 40 years. What started as a roadside stand by my father George Whitby has evolved into a local “staple” for fine food. It was important to find a buyer who would appreciate and carry on the history and traditions of Yellow Umbrella. I feel good about Tom Brown and his family carrying these values forward; our legacy will continue on under their ownership.”
Transact Capital Partners, LLC is a full-service mergers and acquisitions advisory firm headquartered in Richmond, VA, with offices throughout the Midwest and Southeast. Investment banking services and security transactions are offered through Transact Capital Partners.
To learn more about this transaction or Transact Capital Partners, please contact George Sydnor at
(540) 397-3019 or George@transactcapital.com. Additional information about Transact Capital
Partners can be found at www.Transactcapital.com