GraceKennedy Limited
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GraceKennedy Limited - overview
Location
-, -, Jamaica
Primary Industry
Logistics & Distribution
About
GraceKennedy Limited is a diversified Jamaican company specializing in food products and financial services, committed to delivering quality and building trust with its customers. GraceKennedy Limited operates as a prominent player in the food and financial services sectors. Founded by Norval Mendez, the company has established itself in Kingston, Jamaica. Andrea Coy currently serves as CEO.
While specific pivots in operations are not noted, the company has expanded its offerings significantly over the years to include a variety of services and products. GraceKennedy has developed a footprint in international markets, including North America, Europe, and the Caribbean. GraceKennedy Group provides a diverse range of food and financial services, emphasizing quality and trust. Their food segment includes packaged foods, beverages, and condiments, serving local and international markets.
In financial services, GraceKennedy offers money transfer, insurance, and banking services, catering to both individual consumers and businesses. The company also promotes sustainability through community programs aimed at enhancing health and education access. In 2021, GraceKennedy Group reported a revenue of USD 858. 93 mn and an EBITDA of USD 102.
13 mn. The company generates revenue through retail sales, partnerships, and direct-to-consumer transactions, with a significant focus on its food and financial services divisions. GraceKennedy Limited aims to expand its product offerings and reach new markets. Plans include launching new food products in 2023, targeting the Caribbean and North American markets for expansion by the end of 2024.
Recent funding will be directed towards product development and enhancing distribution capabilities, supporting the company's strategic growth initiatives.
Primary Industry
Logistics & Distribution
Sub Industries
Food & Beverage Distribution
Website
www.gracekennedy.com
Total Amount Raised
Subscriber access only
GraceKennedy Limited - timeline of key events
GraceKennedy Limited - financials
| Fiscal Year Ended | Dec 31, 2011 | Dec 31, 2012 | Dec 31, 2013 | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 58,216,732,000 | 61,340,268,000 | 67,257,502,000 | 77,970,073,000 | 79,742,230,000 | 88,267,589,000 | 92,475,652,000 | 97,544,731,000 | - | - | - |
| % Revenue Growth (YoY) | - | 5.4% | 9.6% | 15.9% | 2.3% | 10.7% | 4.8% | 5.5% | - | - | - |
| EBITDA (USD) | 5,214,633,000 | 5,133,008,000 | 6,093,995,000 | 6,144,033,000 | 5,779,112,000 | 7,433,548,000 | 7,189,771,000 | 8,376,963,000 | - | - | - |
| Operating Income (USD) | 4,219,917,000 | 4,170,225,000 | 5,055,092,000 | 4,911,065,000 | 4,364,174,000 | 5,966,759,000 | 5,619,235,000 | 6,626,524,000 | - | - | - |
| Operating Margin | 7.2% | 6.8% | 7.5% | 6.3% | 5.5% | 6.8% | 6.1% | 6.8% | - | - | - |
| % EBITDA Margin | 9.0% | 8.4% | 9.1% | 7.9% | 7.2% | 8.4% | 7.8% | 8.6% | - | - | - |
| NET Income (USD) | 2,992,473,000 | 3,829,141,000 | 3,794,064,000 | 3,799,127,000 | 3,254,020,000 | 4,534,862,000 | 4,772,100,000 | 5,643,577,000 | - | - | - |
| % Net Margin | 5.1% | 6.2% | 5.6% | 4.9% | 4.1% | 5.1% | 5.2% | 5.8% | - | - | - |
GraceKennedy Limited - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | WT Foods Group | - |
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GraceKennedy Limited - employee data
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