Sole Source Capital Acquires Worldwide Produce

Sole Source Capital Acquires Lee Fish USA

March 6, 2023

Food & Beverage

Sole Source Capital LLC, an industrial-focused private equity firm, has acquired Lee Fish USA, a premium importer and value-added distributor of fresh and frozen seafood based in El Segundo, California. The deal is Sole Source's 40th investment since 2016 and furthers its build-and-buy strategy in the foodservice distribution sector; terms were not disclosed.

Ridgemont Equity Partners Recapitalizes Worldwide Produce

January 24, 2023

Food & Beverage

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.

Worldwide Produce Acquires Left Coast Food Company

October 26, 2022

Food & Beverage

Worldwide Produce, a portfolio company of Sole Source Capital, has acquired Left Coast Food Company, a San Marcos, California-based foodservice distributor of frozen goods, dry goods and produce. The acquisition expands Worldwide Produce's presence in Southern California and marks the fifth add-on since Worldwide became a Sole Source Capital portfolio company; terms were not disclosed.

Worldwide Produce Acquires Valley Food Services

June 15, 2022

Food & Beverage

Worldwide Produce, a portfolio company of Sole Source Capital, has acquired Valley Food Services, a fresh produce and dairy distributor serving the Coachella Valley. The add-on expands Worldwide Produce's presence in the Coachella Valley and complements its West Coast distribution network; terms were not disclosed.

Worldwide Produce (Sole Source Capital) Acquires Chef's Choice Produce

April 26, 2022

Food & Beverage

Worldwide Produce, a portfolio company of Sole Source Capital, has acquired Chef's Choice Produce, a Santa Clara-based fresh produce and dairy distributor. The deal is an add-on that expands Worldwide Produce's geographic reach into Northern California; terms were not disclosed.

Worldwide Produce (Sole Source Capital) Acquires Vision Produce

August 24, 2021

Food & Beverage

Worldwide Produce, a portfolio company of Sole Source Capital, has acquired Vision Produce, a fresh-produce importer and distributor with facilities in Los Angeles and Phoenix. The deal—terms undisclosed—expands Worldwide Produce's geographic footprint and capabilities in retail, wholesale and foodservice distribution across the Western United States.