Innovative Food Holdings acquires LoCo Food Distribution for $358K; expects EPS accretion in 2025

INNOVATIVE FOOD HOLDINGS INC

Upfront cash $304,269 plus earnout up to $53,430 based on revenue/EBITDA targets; total consideration $357,699.
LoCo Foods generated ~$4.7M trailing revenue with 200+ Rocky Mountain customers; positive EBITDA before cost savings.
Acquisition expected to be accretive to EPS in 2025 despite H1 transition costs; lease consolidation and route optimization drive savings.
Seller Elizabeth Mozer signed 12-month consulting agreement; business managed by Golden Organics President Taeshaud Jackson and LoCo employee Sam Novotny.
Deal closed Dec 20, 2024; all long-term debt extinguished; past due payables brought current.

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