Martignetti Cos. Enters Connecticut, Acquiring Hartley & ParkerFebruary 21, 2023
Massachusetts-based wholesaler Martignetti Cos. is entering its sixth market with a deal to purchase Connecticut’s Hartley & Parker from the Rosenberg family for an undisclosed sum. Hartley & Parker’s portfolio numbers some 6,000 brands, and the distributor serves more than 5,000 on- and off-premise accounts across the state. The deal is expected to close in the first half of the year.
“Led by Jerry and David Rosenberg, the Rosenberg family has built an exceptional business over an 80-year history,” stated Carmine and Carl Martignetti. “We are committed to building on that legacy and to providing our combined employees, customers, and suppliers with a platform for growth.” Martignetti added that, with the Connecticut entry, it now becomes the only wholesale player present across all New England markets.
Martignetti had estimated 2022 revenues of $1.4 billion to rank sixth among all spirits and wine wholesalers nationwide, according to Shanken’s Impact Newsletter. Tenth-ranked Horizon Beverage is also a key player in New England, operating across five states, while leading national wholesaler Southern Glazer’s is present across Maine, Vermont, and New Hampshire. Second-ranked RNDC also recently made a move in the region, agreeing to purchase Horizon’s Ultra division—including operations in Maine, New Hampshire, and Vermont—for an undisclosed sum in December.—Daniel MarstellerSubscribe to Shanken News Daily’s Email Newsletter, delivered to your inbox each morning.
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