Fast-casual restaurant chain sweetgreen has acquired meal delivery service Galley Foods in an undisclosed cash and stock deal.
The deal marks the first acquisition for sweetgreen, and will support its operations by leveraging Galley Foods’ expertise in logistics technology, live courier operations and high-volume production.
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Sweetgreen co-founder and CEO Jonathan Neman said: “We’re both companies with D.C. roots, and we’re like-minded in our mission and in our commitment to our customers to better understand them and meet them wherever they are.
“It’s with this mutual thinking, and Galley Foods’ unparalleled insight into delivery, that we look forward to welcoming Alan and his team.”
As part of the deal, Galley Foods CEO Alan Clifford will join the sweetgreen team as logistics vice-president.
sweetgreen will continue to operate Galley Foods from its headquarters in Washington DC.
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By GlobalDataThe meal delivery firm will use sweetgreen’s supply chain including regional growers, producers, and distributors.
Clifford said: “As a health-focused brand that was also homegrown in Washington, D.C., we’ve admired sweetgreen since its start.
“It’s a company that, since its inception, has paved the way for change in the restaurant industry and inspired other brands to challenge the way they think about connecting people to food.”
Furthermore, US-based sweetgreen has partnered with non-profit organisation Dreaming Out Loud to establish a healthy food system for marginalised community members across Washington, DC.
As part of this deal, sweetgreen and Galley Foods will provide prepared meals to families participating in the summer CSA at The Kelly Miller Farm programme.
In November last year, sweetgreen secured a $200m funding through a financing round led by asset management company Fidelity Investments.
