September 4, 2024
BONITA SPRINGS, Fla. – Mike Lambrix, leading the M&A advisory team at Erben M&A Advisors, is proud to announce the successful completion of the sale of iGourmet.com, a premier e-commerce business specializing in gourmet and specialty foods. The transaction was valued at $700,000 in cash, with an additional $350,000 in gift card liabilities assumed by the buyer.
iGourmet.com has been a leading destination for food enthusiasts and culinary professionals alike, offering a curated selection of high-quality, hard-to-find gourmet foods from around the world. From artisan cheeses to fine meats, imported oils, specialty chocolates, and more, IGourmet.com has built a strong reputation for connecting consumers with authentic, premium food products that are often unavailable through traditional retailers.
Throughout the transaction, Mike Lambrix played a pivotal role in guiding both Innovative Food Holdings (IVFH) and the buyer through the process, ensuring a seamless and transparent experience. His expertise in mergers and acquisitions was instrumental in aligning both parties’ strategic goals, facilitating negotiations, and handling due diligence with exceptional attention to detail.
Mike ensured that all aspects of the transaction—from financial analysis to the structuring of the sale—were handled efficiently and effectively. His proactive approach and ability to mitigate potential challenges helped bring the deal to a smooth and timely close, meeting the needs of both parties.
The successful sale allows IVFH to focus on its core foodservice business while the buyer is well-positioned to expand IGourmet.com’s reach in the gourmet e-commerce space. This transaction marks another milestone in Mike Lambrix’s portfolio, showcasing his ability to navigate complex deals and deliver successful outcomes.
For more information about Mike’s M&A advisory services, click here!
Innovative food holdings press release: https://investors.ivfh.com/news-releases/news-release-details/innovative-food-holdings-inc-announces-close-sale-igourmetcom
