Panama Banana
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Panama Banana - overview
Established
1925
Location
Chicago, IL, US
Primary Industry
Logistics & Distribution
About
Based in Illinois, US, and founded in 1925, Panama Banana provides transportation and distribution of fresh produce products such as vegetables and fruits to international and domestic growers to acquire the freshest products. In May 2023, FreshEdge, LLC, a portfolio company of Wind Point Partners, acquired Panama Banana. Panama Banana offers storage, ripening rooms, cold coolers, and climate-controlled docks with proper airflow, temperature, and humidity, which helps to prevent shrinkage and maintain optimal freshness for produce in transit. In addition, the company also offers packaging and repackaging services for products, along with logistical services to retail grocers, produce jobbers, and brokers.
The firm provides cross-docking, receiving, sorting, and shipping that simplifies the supply chain by using mechanized systems to move products straight from an inbound truck to a delivery truck without the storage of products in facilities.
Current Investors
FreshEdge, LLC
Primary Industry
Logistics & Distribution
Sub Industries
Warehouses, Trucking, Freight Transportation Services, Food & Beverage Distribution, Packaging
Website
www.panamabanana.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Panama Banana - 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 | Panama Banana | - |
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