Vestar-backed Roland Foods Acquires ifiGOURMET

Roland Foods Acquires Albert Uster Imports

January 10, 2019

Food & Beverage

Roland Foods, a portfolio company of Vestar Capital Partners, has acquired Albert Uster Imports (AUI). Terms were not disclosed; the deal expands Roland Foods' specialty product portfolio—particularly in pastry, confectionery and frozen/refrigerated categories—and increases its presence in foodservice, retail and industrial channels.

AUA-backed Gourmet Culinary Holdings Acquires Gourmet Foods

July 31, 2019

Food & Beverage

AUA Private Equity Partners, through its portfolio company Gourmet Culinary Holdings, has acquired Gourmet Foods, Inc., a family-owned manufacturer and distributor of specialty prepared foods serving airline, hospitality, restaurant, catering, retail and corporate campus customers. The deal is the third add-on for the Gourmet Culinary Holdings platform as AUA seeks to expand national footprint and product offerings while partnering with the existing management team.

The Innovative Foodservice Group Acquires Foodservice & Restaurant Supply (FRS)

April 19, 2023

Food & Beverage

The Innovative Foodservice Group (IFG) has acquired Foodservice & Restaurant Supply (FRS), a 50‑year regional distributor of commercial kitchen equipment and supplies with four showrooms across the Carolinas. The acquisition brings FRS’s local sales, showroom and distribution capabilities into IFG’s national foodservice distribution platform, and was led for the sellers by Viking Mergers & Acquisitions.

Azalea Capital Acquires Virginia Food Group

November 18, 2024

Food & Beverage

Azalea Capital has acquired Virginia Food Group (VFG), owner of brands including Virginia Diner, Feridies, The Peanut Shop of Williamsburg, and Red Rocker Candy. Farragut Capital Partners provided senior subordinated debt and equity alongside NewSpring Capital and Salem Investment Partners to support the acquisition, with Atlantic Union Bank providing senior debt financing.

Innovative Food Holdings Acquires Assets of Golden Organics

October 18, 2024

Food & Beverage

Innovative Food Holdings, Inc. (IVFH) entered into a definitive agreement to acquire 100% of the assets of Golden Organics, LLC for $1.75 million ($1.4M cash and a $350k five-year seller note). Golden Organics, a Denver/Golden, Colorado-based specialty organic food distributor with ~$6.8M trailing-twelve-month revenue and a 22,000 sq. ft. leased warehouse, will expand IVFH's product assortment, sourcing capabilities and customer base across foodservice, manufacturing and retail channels.

Ruiz Food Products Acquires Assets of Culinary International, LLC

October 12, 2022

Food & Beverage

Ruiz Food Products, Inc., through its subsidiary RG1 Holding Co., LLC, has acquired the assets of Culinary International, LLC, including a 75,000 sq ft Vernon, California manufacturing facility and a 43,200 sq ft dry goods and cold storage facility. The asset purchase expands Ruiz Foods' flexible manufacturing capacity on the U.S. West Coast; financial terms were not disclosed and Culinary International's CEO Robert Sabahat will help lead the transition.