FMS Solutions is acquiring United Natural Foods Inc. (UNFI)'s retail accounting services division. The acquisition will be completed June 6, 2020.
Gary Bickmore, VP of strategic alliance for FMS, says combining the company's retail accounting services with UNFI's diversified customer portfolio will create a new way to support more independent retailers.
“We saw an opportunity to merge two organizations with the same client-centric approach and genuine passion for the grocery industry,” says Bickmore. "UNFI and FMS have a long history of providing excellent accounting and payroll services across North America. We look forward to overcoming any challenges of assimilating both teams. Moreover, we expect to continue to provide best in class services to all our clients.”
Under the terms of the agreement, UNFI’s retail accounting teams will become FMS subsidiaries. UNFI’s retail accounting employees are being offered continued employment with FMS and will transition to FMS when the transaction closes in June.
“The future looks promising; we are thrilled to bring on board and support the great retailers and associates coming from UNFI,” says Bickmore. “Beyond the benefits from what both companies bring to the table, the acquisition also adds to our capacity to help more independent grocers manage their operations.”
FMS Solutions supports retail organizations in more than 4,200 locations across North America, including Canada.