by Robert Solomon | Apr 9, 2024 | B2B Software, CPG/Retail, Foodservice, GPO
After a relatively sleepy last few quarters, several transactions in the vertical B2B software world have been announced. In no particular, they are: Avetta was sold to EQT, a private equity firm, for a rumored $3 billion, including debt. Buyer’s Edge Platform...
by Robert Solomon | Oct 19, 2017 | Consolidating Competition, GPO, Healthcare, Hospitalty
The recent news that Avendra, a hospitality GPO, was bought by Aramark reignited my interest in GPOs. GPOs are fascinating for a number of reasons: Banding Together. GPOs typically exist in industries where the buy side is fragmented and the supply side is...
by Robert Solomon | Oct 17, 2017 | GPO, Hospitalty, Industry Cloud
Yesterday, Aramark announced that it was acquiring Avendra, the hospitality GPO, for $1.35 billion. If you are not familiar with Avendra, you are not alone. Avendra was formed in early 2001 when the old guard, “industry consortia”, were seeking revenge...
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