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New Deal


Announced

Investcorp to acquire a majority stake in Sunrise Produce from BGL.

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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wholesale distribution

Domestic

Private

Majority

Friendly

Acquisition

Single Bidder

Pending

United States

Private Equity

Food Retailers and Wholesalers

Synopsis

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Investcorp, a global investment manager, agreed to acquire a majority stake in Sunrise Produce, a wholesale produce distribution company, from Brown Gibbons Lang & Company, an independent investment bank and financial advisory firm. Financial terms were not disclosed. "Fresh produce distribution is a highly fragmented, $70bn national market that has consistently shown resiliency through economic cycles. David and the Sunrise team have built a special, passionate culture that consistently thrills its customers with outstanding service. Their model and disciplined approach has propelled them to exceptional, industry-leading growth. We look forward to our partnership and to helping the Company accelerate its growth through geographic expansion and acquisitions," Amit Gaind, Investcorp Managing Director.

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