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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