Freeman Spogli & Company Acquires Majority Interest in Five Star Food Service
March 28, 2019
Freeman Spogli & Company acquired a majority interest in Five Star Food Service, Inc., partnering with Five Star management and other investors. The private equity investment will support Five Star’s growth strategy across the Southeast — including organic expansion and add-on acquisitions — while financing was provided by Ares Capital Corporation and Varagon Capital Partners.
- Buyers
- Freeman Spogli & Company, Five Star management and other investors
- Targets
- Five Star Food Service, Inc.
- Sellers
- Controlling shareholder (unnamed)
- Industry
- Food & Beverage
- Location
- Tennessee, United States
- Transaction Type
- Buyout
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