Ridgemont completed the investment in Worldwide Produce.

Ridgemont, a middle market buyout and growth equity investor, completed the investment in Worldwide Produce, a producer and dairy distributor, with participation from Ares Management, NXT Capital, Kayne Anderson, Manulife Investment, PNC Erieview and Yukon. Financial terms were not disclosed. “Ridgemont’s partnership with Worldwide Produce is the culmination of a multi-year firm effort to invest in the B2B food supply chain industry, based on the resilience of the food end market, durable shifts in consumer preferences for 'better for you' foods and the increasing consumption of food away from the home. Worldwide Produce exemplifies many of the most important characteristics that we had been seeking – the Company has a diversified customer and product mix, operates in a large and fragmented industry and is led by a strong, well-rounded management team that has experience executing organic and M&A growth initiatives,” John Grenier, Ridgemont Principal.