Xceed Foodservice Group Announces Investment in Acclaim Marketing, Bolsters Management Team with Senior Hire and Adds Industry Veterans to Board of Directors [Yahoo! Finance]
Tyson Foods, Inc. (TSN)
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Source: Yahoo! Finance
announced an investment in Acclaim Foodservice ("Acclaim"), a leading foodservice brokerage company operating in Southern California. The investment marks Xceed's sixth since the platform was established earlier this year. Terms of the transaction were not disclosed. Acclaim's management team will continue to run the company's operations and have retained significant equity ownership in Xceed. "We have been building a highly focused, best-in-class foodservice brokerage in the Southern California market since 2011," said Chris Leahy, owner of Acclaim. "Partnering with Xceed will enable us to better serve our customer base by providing a broader service set and footprint." Darin Pounds, CEO of Xceed, added, "We are excited to partner with Chris and his entire organization. Acclaim has become the leading local foodservice brokerage platform in Southern California and will complement our geographical reach while allowing us to provide more resources to our clients." Xceed also annou
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