M&A Deal Summary

Good Source Solutions Acquires Gold Star Foods

On October 3, 2019, Good Source Solutions acquired food company Gold Star Foods from Castle Harlan

Acquisition Highlights
  • This is Good Source Solutions’ 1st transaction in the Food sector.
  • This is Good Source Solutions’ 3rd transaction in the United States.
  • This is Good Source Solutions’ 1st transaction in California.

M&A Deal Summary
Date 2019-10-03
Target Gold Star Foods
Sector Food
Buyer(s) Good Source Solutions
Sellers(s) Castle Harlan
Deal Type Merger

Target

Gold Star Foods

Ontario, California, United States
Gold Star Foods, Inc. is a niche foodservice distributor specializing in the sale and distribution of a wide array of food and non-food products to public school districts serving students ages K-12 in California and Arizona. Gold Star Foods was formed in 1966 and is based in Ontario, California.

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Buyer(S) 1

Buyer

Good Source Solutions

Carlsbad, California, United States
Category Company
Founded 1989
Sector Distribution
DESCRIPTION

Good Source Solutions is a specialized food distributor with sophisticated procurement and logistical capabilities, serving a wide spectrum of value-focused end markets through a national network of facilities. Good Source’s products focus on center-of-plate with an offering that includes poultry, meats, pasta, fruits, vegetables, bakery items, beverages, appetizers, sides, and snacks. Good Source Solutions was founded in 1989 and is based in Carlsbad, California.

DEAL STATS #
Overall 3 of 3
Sector (Food) 1 of 1
Type (Merger) 1 of 1
State (California) 1 of 1
Country (United States) 3 of 3
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-19 Pon Food

Ponchatoula, Louisiana, United States

Pon Food Corp. is a frozen retail distributor. Pon Food is headquartered in their modern facility in Ponchatoula, LA.

Buy -

Seller(S) 1

SELLER

Castle Harlan

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 6.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Castle Harlan is a large private equity firm that targets private company investments in the US and Australia. Castle Harlan targets businesses in a wide range of industries that include, packaging, industrial services, manufacturing, restaurants, business services, distribution, publishing, and transportation. Castle Harlan can provide both equity and mezzanine capital. The Firm is affiliated with Australian private equity firm CHAMP Private Equity, and together formed CHAMP - Castle Harlan Australian Mezzanine Partners. Castle Harlan was formed in 1987 and is based in New York City.

DEAL STATS #
Overall 36 of 38
Sector (Food) 1 of 1
Type (Merger) 1 of 2
State (California) 3 of 3
Country (United States) 28 of 30
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-13 Sunless

Macedonia, Ohio, United States

Sunless is a manufacturer of spray tanning booths, innovative airbrush equipment, proprietary solutions, and professional-grade retail products for the sunless tanning segment of the indoor tanning industry. Sunless is based in Macedonia, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-16 Colyar Technology Solutions

Phoenix, Arizona, United States

Colyar Technology Solutions is a designer, developer and marketer of food distribution and compliance management software. Colyar Technology Solutions is based in Phoenix, Arizona.

Buy -
Mergr

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