About Kitwave
Kitwave is a publicly listed company based in North Shields (United Kingdom) founded in 1988, and was acquired by One Equity Partners in January 2026. Kitwave Group plc is engaged in wholesale distribution across the UK. It operates on a Reseller / Distribution model. Kitwave has completed 4 acquisitions, including Creed Foodservice, Total Foodservice and WestCountry. Kitwave offers products and services including Impulse Product Portfolio and Foodservice Solutions. Its focus areas include Consumer Goods, Wholesale Distribution and Food and Beverage. Its legal entity is Kitwave Group plc.
Company details
Kitwave Group plc is involved in delivered wholesale services across the UK, serving retail, wholesale, and foodservice markets. A wide range of impulse products, including ambient, frozen, chilled, fresh foods, butchery, alcohol, and tobacco, is offered. The company operates through a network of 37 depots, ensuring nationwide delivery capabilities. Solutions are tailored to meet customer needs with efficient order processing and a fleet of 650 vehicles. Sectors served include independent convenience stores, public houses, restaurants, cafes, leisure centres, wholesalers, and vending operators.
- Headquarters North Shields, United Kingdom
- Stage Public
- SectorsConsumer
- Email••••••••
- Phone•••• ••••
- Website kitwave.co.uk
- Acquired by One Equity Partners (Jan 2026)
- Legal Name Kitwave Group Plc
- Annual Revenue$1.05 B (USD)20.95as on Oct 31, 2025
- Net Profit$21.79 M (USD)-0.56as on Oct 31, 2025
- EBITDA$69.32 M (USD)21.91as on Oct 31, 2025
- InvestorsAllstate
& 3 more
- Investments & AcquisitionsCreed Foodservice
& 3 more
- Acquired byOne Equity Partners
(Jan 2026)
Products & Services of Kitwave
Kitwave offers a comprehensive portfolio of products and services, including Impulse Product Portfolio and Foodservice Solutions.
A wide range of impulse products is delivered.
Foodservice products are provided to various hospitality businesses.
Funding Insights of Kitwave
- Total Rounds 2
- Investors Count 3
All 2 funding rounds of Kitwave with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2016 | Private Equity Round | – | – | ||
| Jun 2011 | Private Equity Round | – | – |
4 investors in total: 4 institutional.
Investors in Kitwave
Kitwave has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Allstate, One Equity Partners and NVM Private Equity.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private capital solutions are provided to middle-market companies globally. | pricoacapital.com | Newark, United States | ||
Private equity investments are managed across the UK. | 1984 | nvm.co.uk | Newcastle Upon Tyne, United Kingdom | |
Private equity investments are made in North America and Europe. | 2001 | oneequity.com | New York, United States | |
Online insurance for life, property, auto, and business is provided. | 1931 | allstate.com | Chicago, United States |
Investor details for Kitwave
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IPO & Listings of Kitwave
Kitwave is a publicly listed company on the LSE with ticker symbol KITW in UK, operating in the Distribution services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date24 May 2021
- Listed onLSE: KITW
- Listed entityKitwave Group PLC
- Exchange sectorDistribution services
- ISINGB00BNYKB709
- Share price294.00 GBX (-0.34% on the day) · 2026-03-12
- Market capitalisation246,185,438.00 GBX
- Price to earnings14.7
- EPS (diluted, trailing year)0.20 GBX
- Dividend yield3.89%
- Volume (last session)1,698,122
- Analyst consensusBuy
Financials of Kitwave
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | 802.7M GBP | 16.6M GBP | 52.9M GBP |
| 2024 | 663.6M GBP | 16.7M GBP | 43.4M GBP |
| 2023 | 602.2M GBP | 19.0M GBP | 40.0M GBP |
| 2022 | 503.1M GBP | 14.3M GBP | 28.1M GBP |
| 2021 | 380.7M GBP | 1.1M GBP | 11.0M GBP |
Detailed financial statements for Kitwave
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- Downloads
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Investments & Acquisitions by Kitwave
Kitwave has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Creed Foodservice, Total Foodservice and WestCountry.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Retailer of food | creedfoodservice.co.uk | North Shields, United Kingdom | 1972 | Oct 2024 | $92.97M | |
Food catering services are provided to businesses and organizations. | totalfoodservice.co.uk | Huddersfield, United Kingdom | 1967 | Mar 2024 | $26.44M | |
A range of drinks is distributed across the United Kingdom. | wildsofoldham.co.uk | Oldham, United Kingdom | 2000 | Nov 2023 | •••• | |
Fruits and groceries are retailed and catered by WestCountry. | westcountry.co.uk | Falmouth, United Kingdom | 1856 | Dec 2022 | $35.54M |
Complete acquisition details for Kitwave
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Timeline of Kitwave
9 dated milestones of Kitwave across 38 years, from founding to its latest funding, stage changes and deals.
- Founded Kitwave is founded.
- Funding First funding round.
- Funding Latest funding round, Private Equity Round,.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires WestCountry.
- Acquisition Acquires Wilds Premier Drink Distributor.
- Acquisition Acquires Total Foodservice.
- Acquisition Acquires Creed Foodservice.
- Exit Acquired by One Equity Partners.
Web traffic of Kitwave
The website of Kitwave (kitwave.co.uk) receives about 6K visits a month.
- Monthly visits6K
▲ 30.7% vs previous month
Top companies in Food Processing
2 companies that operate in the same segment as Kitwave (Food Processing) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform offering cooked-meal delivery service for dogs | 2016 | London, England, United Kingdom | USD 477.37 M | USD 48.04 M | ||
Subscription-based pet food is delivered via an online platform. | 2016 | Blairgowrie And Rattray, Perth And Kinross, United Kingdom | USD 18.6 M |
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Related news about Kitwave
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Frequently Asked Questions about Kitwave
Kitwave was founded in 1988 and raised its 1st funding round 23 years after it was founded.
Kitwave is headquartered in North Shields, United Kingdom. It is registered at North Shields, Tyne And Wear, United Kingdom.
Annual revenue of Kitwave is $1.05B as on Oct 31, 2025.
Kitwave Group plc is involved in delivered wholesale services across the UK, serving retail, wholesale, and foodservice markets. A wide range of impulse products, including ambient, frozen, chilled, fresh foods, butchery, alcohol, and tobacco, is offered. The company operates through a network of 37 depots, ensuring nationwide delivery capabilities. Solutions are tailored to meet customer needs with efficient order processing and a fleet of 650 vehicles. Sectors served include independent convenience stores, public houses, restaurants, cafes, leisure centres, wholesalers, and vending operators.
Kitwave offers Impulse Product Portfolio and Foodservice Solutions.
Yes, Kitwave is publicly traded on LSE under the ticker symbol KITW.
Kitwave has made 4 acquisitions, including Creed Foodservice, Total Foodservice, and WestCountry.
Kitwave has 4 investors. Key investors include Allstate, One Equity Partners, NVM Private Equity, and PGIM Private Capital.
Kitwave operates through Kitwave Group Plc.
Yes. Kitwave was acquired by One Equity Partners in January 2026.