Private Equity Firm Highview Capital Acquires Gold Star Foods, Plans Merger

https://dailyalts.com/wp-content/uploads/2019/10/54e8d6474f56a514ea898579ce203e7c1d22dfe05451754071277add_640.jpg

The deal creates a specialized food powerhouse in the United States

Highview Capital announced it has acquired Gold Star Foods, a specialized food distributor to K-12 child nutrition programs. After the deal closes, Gold Star will merge with an existing Highview portfolio company called Good Source Solutions. The portfolio firm operates in similar segments.

Highview Capital is a private equity firm in Los Angeles. It has about $500 million in management. Highview invests in middle-market businesses. Its targets typically face inflection points. The firm engages in transformations, whether those are turnarounds or the management of rapid growth.

Highview Capital Looks to Merger Upside

Meanwhile, the combination of Gold Star and Good Source will establish a new leader in specialized foodservice distribution. Furthermore, its customers include the K-12, corrections and other segments requiring specialized products and services. GS Foods will also focus on these segments with sales and marketing programs tailored to meet customer needs. It will also aim to ensure that more students and customers have access to healthy meals each day. The combined company will have a national footprint with substantial market presence across the United States. The new firm will have at least 8,000 customers nationwide.

“This is a transformational deal, uniting two specialized foodservice powerhouses, which together will have a broad national footprint with highly complementary strengths,” said Ryan McCarthy, Co-Founder of Highview. “Gold Star earned its reputation for outstanding customer service and product quality, and we have been impressed by its distribution capabilities and presence within the K-12 market. Specialized food service distribution is a highly fragmented industry, and market leaders are differentiated by the sophistication and scale of their distribution network, as well as their commitment to quality and to satisfying the customer. We believe both Gold Star and Good Source more than meet these criteria, and we are excited to partner with and continue to support both brands.”

[Related: Three Takeaways from the New KKR Consumer Report]

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Alt Insights

January 29, 2020

Venture Capital: The Kobe in “Bryant Stibel & Co”

Venture Capital: The Kobe in “Bryant Stibel & Co”
Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2020/02/57e2d64b4354a814ea898579ce203e7c1d22dfe05b53774f712e73d5_640.jpg
Private Equity Shops are Going on a Startup Spending Spree, Says Pitchbook
February 25, 2020     News, Private Equity, Venture Capital

A new Pitchbook report shows that private equity shops are snapping up an interesting alternative investment. Flush with dry powder, PE shops have been snapping up VC-backed startups, according to…

https://dailyalts.com/wp-content/uploads/2020/02/51e6dd454b52b114a6d98074cf213576083edbed5157774a702f7b_640.jpg
Activist Hedge Fund Looks to Shake Up Insurance Giant Prudential
February 25, 2020     Activist Updates, Hedge Funds, News

Activist hedge fund Third Point has taken aim at the 172-year-old insurance giant Prudential (LON: PRU). According to a new filing, Dan Loeb’s shop wants to split the firm into…

https://dailyalts.com/wp-content/uploads/2019/12/dices-over-newspaper-2656028_1920-preqin.jpg
Alternative Assets: Funds Surpass $10 Trillion In AUM in 2019
February 25, 2020     Alternative Investments, Latest News, News

A new Preqin report shows that the alternative assets industry has reached “14 figures.” Total AUM surpassed $10 trillion for the first time in 2019. The industry added at least…

https://dailyalts.com/wp-content/uploads/2020/02/money-29047_640-qcash.png
FinTech: QCash Signs Up Tropical Financial Credit Union For Small Loans
February 25, 2020     FinTech, News

QCash Financial, the US fintech and digital loan marketplace gained a major new client in Tropical Financial Credit Union (TFCU). TFCU has $700 million in assets and 65,000 members. QCash…

Scroll to Top