Mr. Greens Produce (Sterling-backed) Acquires Parishables Food Service

Sterling Investment Partners Recapitalizes Mr. Greens from Shoreline Equity Partners

May 4, 2023

Food & Beverage

Sterling Investment Partners has invested in Florida Veg Investments, LLC (doing business as Mr. Greens), acquiring the portfolio company from Shoreline Equity Partners in a recapitalization that leaves Mr. Greens' leadership with a significant ownership stake. Mr. Greens is a Miami-based value-added distributor of produce, dairy, and specialty food items serving over 3,500 customers across Florida and Texas and will partner with Sterling to continue geographic expansion and platform growth.

Rastelli Foods Group Acquires Greensbury Market

April 20, 2023

Food & Beverage

Rastelli Foods Group has acquired New York–based Greensbury Market, a direct-to-consumer retailer of organic, grass‑fed beef, bison, poultry, pork and sustainable seafood. Greensbury’s premium product portfolio will be sold exclusively through Rastelli’s DTC site Rastellis.com, expanding Rastelli’s online offerings and convenience for consumers nationwide.

Mr. Greens (Florida Veg Investments) Acquires Cawoods Produce

February 10, 2020

Food & Beverage

Florida Veg Investments, LLC (Mr. Greens), a PE-backed produce distributor based in Miami, has acquired Cawoods Produce Inc., a regional produce and specialty goods distributor headquartered in Austin, Texas. The Cawoods management team rolled a portion of proceeds into Mr. Greens and will continue operating the business as part of Mr. Greens' add-on growth strategy to expand its footprint in Texas.

The Chefs' Warehouse Acquires Hardie's Fresh Foods and GreenLeaf Produce & Specialty Foods

May 1, 2023

Food & Beverage

The Chefs' Warehouse (NASDAQ: CHEF) has acquired Hardie's Fresh Foods and GreenLeaf Produce & Specialty Foods to expand its produce category and regional footprint, strengthening presence in Texas and Northern California. The transactions broaden The Chefs' Warehouse's specialty and produce offerings and support cross-selling and operational synergies across its existing distribution network.

GrubMarket Acquires Brothers Produce

July 8, 2024

Food & Beverage

GrubMarket has completed the acquisition of Houston-based Brothers Produce, a major foodservice distributor operating three distribution centers across Texas and serving more than 6,000 customers across the Southwestern U.S. Brothers Produce's temperature-controlled warehousing and fleet of refrigerated vehicles will be integrated with GrubMarket's AI-powered WholesaleWare ERP and logistics platform to expand GrubMarket's footprint and capabilities in Texas and the surrounding region.

B&G Foods Acquires Frozen Vegetable Manufacturing Operations of Growers Express

May 5, 2022

Food & Beverage

B&G Foods, Inc. acquired the frozen vegetable manufacturing operations of Growers Express, LLC, including inventory, equipment, a sublease for part of a Yuma, Arizona manufacturing facility and a lease for a warehouse in San Luis, Arizona. Approximately 155 employees will transfer to B&G Foods; the company also repurchased the master license agreement for certain Green Giant Fresh products. The transaction was funded with cash on hand and borrowings under B&G's existing credit facility; terms were not disclosed.