GrubMarket has completed the acquisition of Procurant, a SaaS (software-as-a-service) platform that streamlines fresh procurement, order management and regulatory compliance for the fresh food supply chain.
Founded in 2018 by CEO Eric Peters, Procurant supports real-time collaboration, operational efficiency, and end-to-end visibility across the perishable goods supply chain. It offers tools, including Procurant One for procurement; Procurant Open Link for connecting suppliers with retailers and foodservice operators; Procurant Inspect for quality control; Procurant Trace for FSMA 204 traceability compliance; and Procurant SureCheck for food safety management, which processes over 1 million temperature checks daily and logs over 40 million food safety and checklist observations per month.
In total, it connects more than 850 customers across 14 countries, facilitating $5.5 billion in Gross Merchandise Volume (GMV) annually. Its network includes major national retailers such as Costco, Walmart, Target, and Albertsons Companies, along with growers, shippers, and distributors throughout the United States, as well as internationally.
© GrubMarket
Eric Peters
The company's leadership team will continue to lead the company following the acquisition.
"Since our founding, we've focused on modernizing how the industry buys and manages perishables," said Peters. "Joining GrubMarket is an exciting next chapter for us. With its infrastructure and software and AI offerings, we will expand our reach and bring new efficiencies to customers across the fresh food supply chain."
"This acquisition expands our software portfolio and strengthens our position as the enterprise AI solutions provider for the American food supply chain," said Mike Xu, CEO of GrubMarket. "The addition of Procurant's solutions will not only benefit our growing base of software customers, but also create powerful synergies across our own network. We are positioned to accelerate digital transformation across the fresh food supply chain as a team, together."
This acquisition creates significant synergies across multiple dimensions of GrubMarket's business. Procurant's customers will benefit from integration opportunities with GrubMarket's comprehensive software and AI suite, including WholesaleWare, GrubMarket's AI-powered SaaS ERP platform that provides food industry wholesalers, distributors, and shippers with financial management, sales support, inventory management, lot traceability, grower accounting, and automated routing and logistics; GrubAssist AI, GrubMarket's suite of agentic enterprise AI agents that empower food supply chain businesses with insights, intelligent analysis, and automated order processing and reporting; Orders IO, GrubMarket's custom-branded, eCommerce solution for mobile and online ordering; and GrubPay, the company's digital payments platform specifically designed for the needs of the food supply chain industry.
This acquisition will also offer GrubMarket's existing software customers the opportunity to explore access to Procurant's trading network and procurement capabilities, creating a more comprehensive technology ecosystem. GrubMarket's network of subsidiary companies will be able to leverage Procurant's platform to achieve greater procurement efficiency through cost savings, stronger supplier collaboration, and new digital trading capabilities.
For more information:
GrubMarket
[email protected]
https://www.grubmarket.com/
