Staple Street Capital Acquires Delaware Valley Floral Group: A Blooming Partnership for Growth

In an exciting development for the floral industry, middle-market private equity firm Staple Street Capital ("SSC") has announced its partnership transaction with members of the Wilkins family to acquire Delaware Valley Floral Group ("DVFG" or the "Company"). With its headquarters in Sewell, New Jersey, DVFG is the largest supplier of fresh cut flowers and floral supplies across the Northeast and Mid-Atlantic regions. This acquisition marks a significant milestone for both companies and sets the stage for new growth possibilities in the wholesale florist distribution sector.

DVFG, a third-generation family-owned business established in 1959, has built a solid reputation as the go-to wholesale partner for thousands of retail florists and supermarket customers. Its hub-and-spoke distribution architecture, cold chain delivery infrastructure, and global supplier relationships have made it a mission critical player in the industry.

Jack Chidester, DVFG's Chief Executive Officer, expressed enthusiasm about the partnership, stating, "In seeking the right partner, we were determined to find a firm that understood our core values, customer-first mindset, and passion for the pursuit of operational excellence. We are excited to embark on this journey with Staple Street Capital, as they have a proven track record of empowering companies to reach new heights while preserving their unique identity and values."

The partners from Staple Street Capital echoed Chidester's sentiment, expressing their excitement to work alongside the DVFG management team and build upon the Company's strong foundation. The cultural alignment between the two organizations and their shared vision for growth opportunities make this partnership a perfect fit.

Staple Street Capital, known for its expertise in identifying transformational opportunities, is actively seeking other investment opportunities in the wholesale florist distribution sector as add-ons or independent platforms. This move highlights their commitment to the industry and their confidence in DVFG's potential for further expansion.

The acquisition was advised by Schulte Roth & Zabel LLP for Staple Street Capital and TM Capital and King & Spalding LLP for DVFG.

About DVFG

Founded in 1959, DVFG has grown to become the largest floral distribution and logistics company in the United States. The Company's expansive distribution footprint and state-of-the-art cold chain infrastructure enable next-day flower delivery for thousands of customers. With a focus on quality and efficiency, DVFG continues to set industry standards. For more information, visit [https://dvflora.com/](https://dvflora.com/).

About Staple Street Capital

With approximately $900 million of capital under management, Staple Street Capital is a leading private equity firm that invests in market-leading businesses. Their goal is to capitalize on transformational opportunities to create value and help companies build stronger, more valuable businesses. For more information, visit [www.staplestreetcapital.com](http://www.staplestreetcapital.com).

In conclusion, the partnership between Staple Street Capital and Delaware Valley Floral Group marks an exciting chapter in the floral industry. The acquisition will leverage both companies' strengths, setting the stage for further growth and innovation. With their shared vision and commitment to excellence, the future looks bright for DVFG and its customers.