...April 16, 2025 We expect Buyers Edge Platform LLC (BEP) will experience steady operating performance in 2025, supported by good customer retention and new customer acquisition. We believe the company's established and stable customer relationships provide a solid foundation for growth in 2025. BEP's customer base spans both small- to medium-sized businesses (SMBs) and enterprise clients across a diverse range of verticals, including hospitals, schools and universities, convenience stores, and quick-service restaurants. As of Sept. 30, 2024, BEP achieved approximately 95% net volume retention within its procurement business. While the company's good value proposition (e.g., buying power to lower costs for customers) support healthy customer retention across the business, BEP may experience some customer churn or reduced purchase volume across its Digital Procurement Network (DPN) business segment. We believe this segment relative to the Fresh Solutions business has a higher exposure to smaller...