H.I.G. Capital Acquires Lipari Foods from Sterling Investment Partners
January 4, 2019
H.I.G. Capital affiliate has acquired Lipari Foods Operating Company, LLC from Sterling Investment Partners and certain other selling shareholders, with the Lipari family and management retaining a significant investment. Sterling also made a new investment and will hold a board seat; H.I.G. will partner with management to expand Lipari's distribution and manufacturing platform and pursue organic and M&A-driven growth.
- Buyers
- H.I.G. Capital, Sterling Investment Partners (reinvesting), Lipari family and management (reinvesting)
- Targets
- Lipari Foods Operating Company, LLC
- Sellers
- Sterling Investment Partners, Certain other selling shareholders
- Industry
- Food & Beverage
- Location
- Michigan, United States
- Transaction Type
- Buyout
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