Announced
Financials
Tags
Domestic
Acquisition
Friendly
Pending
United States
dairy products
food distribution
Majority
Single Bidder
Food Retailers and Wholesalers
Private Equity
specialty foods
Private
Synopsis
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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