Andrew Jaques, CEO of MHP Financial, said: "As a market leader in wholesale delivery with national reach across the UK, we see Palmer & Harvey as a hidden gem. We look forward to accompanying the company through its next phase of growth."
The privately owned wholesaler is reportedly the UK’s seventh largest private company, working with more than 90,000 retail outlets and employing almost 4,000 people.
Palmer & Harvey MD Martyn Ward said: "I’m delighted to be working with MHP to help raise the corporate profile of Palmer & Harvey. Throughout the competitive pitch process we were impressed by its ideas, professionalism and strong track record in raising the profiles of leading businesses."