Xceed Foodservice Group Invests in Stillwater Provisions

Xceed Foodservice Group Invests in Culinary Resources and Select Foodservice

July 17, 2024

Food & Beverage

Xceed Foodservice Group, a platform backed by San Francisco Equity Partners, announced investments in two regional foodservice brokerages: Culinary Resources (Florida) and Select Foodservice (Tennessee). The transactions expand Xceed's geographic coverage and add local sales-and-marketing capabilities to its growing national brokerage platform; management teams retained significant equity and will continue to operate their businesses.

San Francisco Equity Partners Forms Xceed Foodservice Group Through Investments in Sales Concepts and Donovan Food Brokerage

May 22, 2024

Food & Beverage

San Francisco Equity Partners (SFEP) has invested in Sales Concepts, Inc. and Donovan Food Brokerage, Inc. to create Xceed Foodservice Group, a platform that will partner with regional foodservice brokerages. The founder-owners of the brokerages retain meaningful equity and will lead the Xceed platform as it expands sales and marketing services for food suppliers across the U.S.

Xceed Foodservice Group Acquires Majority Stakes in Ritchie Marketing and Littler Brokerage

April 15, 2025

Food & Beverage

Xceed Foodservice Group, a portfolio company of San Francisco Equity Partners, made majority investments in Ritchie Marketing and Littler Brokerage to expand its foodservice brokerage platform footprint across the Midwest and Southeast. The transactions increase Xceed's coverage to 27 states; terms were not disclosed and the management teams will continue to operate their businesses with significant retained equity.

Stanley Capital Partners Leads Majority Investment in SePRO Corporation with Goldman Sachs Alternatives as Minority Co-Investor

July 29, 2024

Environmental Services

Stanley Capital Partners has made a majority investment in SePRO Corporation, a Carmel, Indiana-based provider of specialty environmental products and water-quality solutions, with Goldman Sachs Alternatives joining as a minority co-investor. The transaction represents an exit for Excellere Partners and positions SePRO for technology-enabled growth, consolidation in the water management sector, and expanded product and service offerings.

Cross Rapids Capital Acquires Wholesale Produce Supply LLC

October 29, 2021

Food & Beverage

An investor group led by Cross Rapids Capital L.P., with strategic partner The Baupost Group, has acquired Wholesale Produce Supply LLC from affiliates of Mill City Capital L.P. The transaction provides WPS with additional resources to accelerate organic and inorganic growth, broaden geographic reach, and expand its fresh-produce logistics and value-added service offerings.

Providence Equity Partners Invests in Sweetwater

June 29, 2021

E-Commerce

Funds advised by Providence Equity Partners made a growth equity investment in Sweetwater, the Fort Wayne-based e-commerce retailer of musical instruments and audio equipment; financial terms were not disclosed. The investment is intended to accelerate Sweetwater's next phase of growth as the company — which reported roughly $1 billion in annual revenue and serves over 1.5 million customers — scales operations and expands its market reach.