West Palm Beach, FL — Palm Beach Capital Fund III, L.P. is forming the fifth-largest wholesale distributor for the c-store industry as it merges J. Polep Distribution Services, Harold Levinson Associates LLC and Allen Brothers Wholesale Distributors under the banner of National Convenience Distributors, LLC (NCD), the equity fund reports.
The move follows Palm Beach Capital’s investment in Allen Brothers Wholesale, a Philadelphia-based distributor with a concentration on Pennsylvania, New Jersey, Maryland and Delaware markets covering categories including candy, snacks, grocery, foodservice products, coffee and general merchandise. The company will now operate as Allen Brothers Wholesale Distributors Division with third-generation industry veteran Jeff Allen serving as president.
“I am extremely excited about joining Palm Beach Capital and the NCD team,” Allen says. “The opportunities for our business and our employees just dramatically expanded as a result of this merger. Being part of a larger organization like National Convenience Distributors will allow us to expand our geographical reach and service our existing customer base more effectively. We remain dedicated to the long-term success of our devoted employees, our customers and our valued suppliers.”
Palm Beach Capital reports NCD will be the Northeast region’s largest full-line c-store distributor. The newly formed entity will bring additional internal and external benefits to its three divisions, including enhanced customer experiences, integration of centralized operating systems, increased marketing power and go-to-market efficiencies, and synergistic and collaborative programs.
Ed Berro, president of the Harold Levinson Associates Division, says: “I have been in the convenience distribution industry for more than forty years and I have never been as optimistic and excited about the future as I am today. Palm Beach Capital has created something truly special with National Convenience Distributors. The three divisions complement each other exceptionally well and together we are a much stronger organization. I look forward to future additions to our NCD team.”