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Procurant is a fully integrated, cloud-native SaaS platform with embedded artificial intelligence (“AI”) and predictive intelligence, purpose-built for perishables suppliers, growers, retail grocers and foodservice operators to support real-time collaboration, operational efficiency, and end-to-end visibility to modernize supply chain management and food safety processes.
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Mesirow acted as the exclusive financial advisor on this transaction, highlighting the firm’s continued success in the technology & services sector.
Mesirow, an independent, employee-owned financial services firm, announced it acted as the exclusive financial advisor to Procurant LLC (“Procurant” or the “Company”) on its sale to GrubMarket, Inc. (“GrubMarket”).
Founded in 2019, Procurant offers an AI-powered SaaS platform built for the perishables supply chain, enabling produce suppliers, retail grocers and foodservice organizations to collaborate, transact and manage food safety processes from farm to store in real-time. The platform delivers best-in-class technology and innovative end-to-end visibility solutions to address the core challenges of the dynamic perishables food sector delivering greater efficiency and significant cost savings for its customers.
Eric Peters, President and CEO of Procurant, said, “Joining forces with GrubMarket marks a pivotal moment for Procurant, uniting two visionary companies committed to transforming the perishables supply chain. We are grateful for Mesirow’s guidance and expertise, which were instrumental in achieving this exciting next chapter.”
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“We are honored to have advised Procurant on its acquisition by GrubMarket, bringing together two highly complementary and disruptive technology platforms transforming the perishables food supply chain,” said Shane McDaniel, Managing Director at Mesirow Investment Banking. “This partnership strengthens Procurant’s ability to broaden its strategic reach across the industry while strengthening GrubMarket’s enterprise AI and SaaS procurement and food safety solutions.”
The sale of Procurant marks another successful technology & services transaction completed by Mesirow Investment Banking. In recent years, the firm has completed more than 350 transactions across its verticals. With deep industry expertise, long-standing client relationships and a commitment to delivering tailored solutions, Mesirow continues to build a proven track record of highly successful transactions.
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