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."
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."