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Announced

Completed

H.I.G. Capital-backed Lipari Foods completed the acquisition of Tut’s International.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Friendly

Private

Domestic

United States

Majority

Transportation Services

Single Bidder

food distribution

Completed

Private Equity

Synopsis

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H.I.G. Capital-backed Lipari Foods, a regional full-line deli, bakery, packaging, and grocery distributor, completed the acquisition of Tut’s International, a food wholesaler. Financial terms were not disclosed. "We are pleased to have supported Lipari’s acquisition of Tut’s International. This investment fits squarely in our strategy of acquiring unique and complementary food distribution businesses in existing and adjacent markets with significant value creation opportunities," Justin Reyna, H.I.G. Managing Director.

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