Investment Summary

Corridor Capital, Crawley Ventures and Centerfield Capital Partners Exits Indo-European Foods

On December 20, 2024, Ziyad invested in distribution company Indo-European Foods from Corridor Capital, Crawley Ventures and Centerfield Capital Partners

Investment Highlights
  • This is Ziyad’s 1st transaction in the Distribution sector.
  • This is Ziyad’s 2nd transaction in the United States.
  • This is Ziyad’s 1st transaction in California.

Investment Summary

Date 2024-12-20
Target Indo-European Foods
Sector Distribution
Investor(s) Ziyad
Sellers(s) Corridor Capital
Crawley Ventures
Centerfield Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Brown Gibbons Lang (BGL) (Financial)

Target

Indo-European Foods

Commerce, California, United States
Indo-European Foods is an importer and value-added distributor of specialty ethnic foods offering third-party, proprietary branded, and private label products to over 1,000 independent ethnic grocers predominantly located in the Western U.S. and national chains covering 45 states. It sources, develops, markets, and distributes Eastern European, Mediterranean, and North African food products including spreads, preserves, condiments, appetizers, cheeses, confections, seasonings, and specialty grains and rice. The company's primarily owned brands include Indo-European and ZERGÜT. Indo-European Foods was founded in 1966 and is based in Commerce, California.

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Investor(S) 1

Investor

Ziyad

Chicago, Illinois, United States

Category Company
Founded 1966
Sector Distribution
DESCRIPTION

Ziyad is an omni-channel provider of branded Middle Eastern and Mediterranean food and beverage products. Ziyad now owns numerous brands and partners with dozens of world-class companies on an exclusive basis to deliver their brands to the North American market. Ziyad was founded in 1966 and is based in Chicago, Illinois.


DEAL STATS #
Overall 2 of 3
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 3
State: California M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-20 Vintage

Kearny, New Jersey, United States

Vintage is a provider of branded Turkish, Middle Eastern, and Eastern European food and beverage products. It now owns and partners with dozens of brands and thousands of retail partners across North America. Vintage was formed in 1992 and is based in Kearny, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-02 Asli Fine Foods

Woodridge, Illinois, United States

Asli Fine Foods is a food and oil distributor, offering a range of more than 2,000 products from both local and international brands. Offering a huge range of gourmet ingredients, Asli Fine Foods caters to the South Asian and African communities as well as mainstream markets. Asli Fine Foods was formed in 1998 and is based in Woodridge, Illinois.

Buy -

Seller(S) 3

SELLER

Corridor Capital

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Corridor Capital is a private equity firm focused on acquiring lower middle-market companies in the specialty manufacturing, business services, healthcare services, technology services, and financial services sectors. Target companies are typically profitable ($2 to $8 million of EBITDA) and exhibit strong industry positions, identifiable growth possibilities, and stable/diverse customers. Corridor Capital was established in 2005 and is headquartered in Los Angeles, California.


DEAL STATS #
Overall 12 of 12
Sector: Distribution M&A 2 of 2
Type: Add-on Acquisition M&A Deals 5 of 5
State: California M&A 4 of 4
Country: United States M&A 11 of 11
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-08 Association Headquarters

Mount Laurel, New Jersey, United States

Association Headquarters is an association management company (“AMC”) offering a comprehensive suite of outsourced services to national associations and nonprofit organizations. Its value-added services include membership support, financial services, credentialing management, marketing and communications, meetings and events support, board management, and other miscellaneous services to enhance the operational efficiency and effectiveness of associations. The company empowers its clients to attain measurable success across four pivotal domains: diversified growth, engaged and disciplined leadership, intelligent use of technology, and unwavering dedication to their missions. Association Headquarters was founded in 1978 and is based in Mount Laurel, New Jersey.

Buy -
SELLER

Crawley Ventures

Denver, Colorado, United States

Category Private Equity Firm
Founded 1995
Size Small
Type Sector Agnostic
DESCRIPTION

Crawley Ventures is the investment arm of Crawley Petroleum and was formed to make direct investments in private companies as well as investments in venture and hedge funds. Crawley primarily looks to invest in growth companies at various stages of development, including seed, early, and expansion stage businesses. Crawley looks to commit $250k to $1.5 million per transaction. Sectors of interest include optics, financial services, software, manufacturing, and wireless technology. Crawley Ventures was founded in 1995 and is based in Denver, Colorado.


DEAL STATS #
Overall 5 of 6
Sector: Distribution M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 4
State: California M&A 2 of 2
Country: United States M&A 5 of 6
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-26 GutCheck

Denver, Colorado, United States

GutCheck is an online agile market research solution that enables clients to get quick consumer reads to address business questions, whenever they need to be answered. GutCheck was founded in 2009 and is based in Denver, Colorada.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-12 ThreatX

Boston, Massachusetts, United States

ThreatX is a software-as-a-solution web app and API protection solution that provides a unique WAAP solution using behavioral and risk profiling to help protect enterprises from evolving threats, including threats to AI applications, which can complement an AI firewall.​ ThreatX was founded in 2014 and is based in Boston, Massachusetts.

Sell -
SELLER

Centerfield Capital Partners

Indianapolis, Indiana, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Centerfield Capital Partners is a private investment firm that provides subordinated debt and equity capital to mid-market companies. Prospective transactions include acquisition financings, management buyouts, shareholder liquidity needs, recapitalizations, corporate divestitures, ESOP financings, and sponsored/unsponsored transactions. Centerfield generally invests in companies with sales of $15 to $100 million and EBITDA of $3 to $15 million. Target sectors include manufacturing, business services, healthcare services, and transportation/distribution. Centerfield will not invest in early stage businesses, turnaround situations, retail, real estate, and finance companies. Centerfield Capital Partners was founded in 2001 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 46 of 47
Sector: Distribution M&A 4 of 4
Type: Add-on Acquisition M&A Deals 23 of 24
State: California M&A 7 of 8
Country: United States M&A 46 of 47
Year: 2024 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-04 Air Innovations

North Syracuse, New York, United States

Air Innovations is a designer and builder of environmental process control systems for applications that cannot be addressed with standard HVAC equipment. The company customizes packaged solutions for temperature, humidity, filtration, and pressurization. Air Innovations was founded in 1986 and is based in North Syracuse, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-01 Sophistiplate

College Park, Georgia, United States

Sophistiplate is a collection of branded, designer-inspired single-use and reusable tableware and entertaining products. Sophistiplate is based in College Park, Georgia.

Buy -