Carl Marks Securities Completes Sale of Colonial Distributing, Inc. to National Convenience Distributors
Premiere Florida C-Store Distributor to Bring Cash-and-Carry Model to Atlantic Seaboard New York and Tampa, FL – July 13, 2023 – Carl Marks Securities LLC, an affiliate of middle market investment bank Carl Marks Advisors (together “Carl Marks”), today announced that it has successfully guided Colonial Distributing, Inc., a leading distributor supplying convenience stores across Florida, on its merger into National Convenience Distributors, a major East Coast C-store warehouse and distribution network serving customers from Maine to Virginia. Financial terms of the deal were not disclosed. Colonial Distributing, Inc. (“Colonial”) was established in…READ MORE >