Getchell Bros. Inc.
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Getchell Bros. Inc. - overview
Established
1988
Location
Brewer, ME, US
Primary Industry
Food
About
Getchell Bros. Inc. is a prominent provider of ice products, specializing in the production and distribution of packaged, block, and crushed ice for diverse industries across North America. Founded in 1988 in Brewer, US, Getchell Bros.
Inc. focuses on the ice production sector. In October 2021, it was acquired by Arctic Glacier, LLC, a portfolio company of Carlyle Group. The acquisition aims to leverage both companies' strengths to expand operations into New England, targeting retail customers and commercial businesses.
Getchell Bros. Inc. produces and distributes various forms of ice, including packaged ice, block ice, and crushed ice. This company serves a client base of around 75,000 customers in the food processing, construction, and emergency relief sectors, offering tailored ice solutions for convenience stores, grocery stores, liquor stores, and events.
Getchell Bros. Inc. operates on a business-to-business model, generating revenue through sales of ice products to retailers, wholesalers, and direct consumers. Orders are fulfilled by a fleet of over 1,000 trucks, with pricing based on type and quantity, accommodating both bulk and smaller orders.
Following its acquisition in October 2021, Getchell Bros. Inc. is positioned to expand its reach into New England, supporting retail and commercial sectors. The strategic rationale behind the acquisition will facilitate growth and enhance service delivery in this new market.
Current Investors
Arctic Glacier U.S.A., Inc.
Primary Industry
Food
Sub Industries
Other Food Products, Food & Beverage Distribution
Website
www.getchellbros.com
Verticals
Manufacturing
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Getchell Bros. Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Getchell Bros. Inc. | - |
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