Announced
Completed
Financials
Tags
Acquisition
Friendly
Private
Domestic
United States
Majority
Transportation Services
Single Bidder
food distribution
Completed
Private Equity
Synopsis
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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