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Announced

Sole Source Capital to acquire a majority stake in Worldwide Produce.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Acquisition

Friendly

Pending

United States

dairy products

food distribution

Majority

Single Bidder

Food Retailers and Wholesalers

Private Equity

specialty foods

Private

Synopsis

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Sole Source Capital, an industrial-focused private equity firm is set to acquire a majority stake in Worldwide Produce, a distributor of fresh produce, dairy, and specialty foods. Financial terms were not disclosed. SSC plans to use WWP as a platform to acquire other regional foodservice distribution companies and will leverage the Company's exemplary reputation and deep industry relationships to help execute its M&A strategy. "We are impressed with WWP's strong track record, which includes sustained revenue growth through the Great Recession, and look forward to leveraging the Company as a platform for consolidation in the space." David Fredston, Sole Source Managing Partner.

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