Ridgemont Equity Partners Recapitalizes Worldwide Produce

January 24, 2023

Ridgemont Equity Partners recapitalized Worldwide Produce, a leading distributor of fresh produce, dairy and specialty foods across the western United States, with existing sponsor Sole Source Capital retaining a meaningful minority stake. The transaction provides capital for organic growth and M&A to build a super-regional specialty food distribution platform; financing was provided by a group of credit providers led by Ares and others. Financial terms were not disclosed.

Buyers
Ridgemont Equity Partners
Targets
Worldwide Produce
Sellers
Sole Source Capital
Industry
Food & Beverage
Location
California, United States
Transaction Type
Recapitalization

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