M&A Deal Summary

GS Foods Group Acquires Diamond Food

On January 24, 2024, GS Foods Group acquired food company Diamond Food

Acquisition Highlights
  • This is GS Foods Group’s 3rd transaction in the Food sector.
  • This is GS Foods Group’s 8th transaction in the United States.
  • This is GS Foods Group’s 2nd transaction in Louisiana.

M&A Deal Summary
Date 2024-01-24
Target Diamond Food
Sector Food
Buyer(s) GS Foods Group
Deal Type Add-on Acquisition

Target

Diamond Food

New Orleans, Louisiana, United States
Diamond Food is a regional K-12 food distributor that specializes in dry and frozen K-12 products and services in many of the state’s parishes. Diamond Food is based in New Orleans, Louisiana.

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Buyer(S) 1

Buyer

GS Foods Group

Carlsbad, California, United States
Category Company
Sector Food
DESCRIPTION

GS Foods Group is a specialized food service distribution company including its independent subsidiaries Gold Star Foods and Good Source Solutions. The company focuses on the education, corrections, non-profit, business & industry, and healthcare industries, and serves more than 10,000 customers nationwide, including the delivery of 6.5 million healthy, high-quality meals to students each day. GS Foods Group is based in Carlsbad, California.

DEAL STATS #
Overall 8 of 8
Sector (Food) 3 of 3
Type (Add-on Acquisition) 8 of 8
State (Louisiana) 2 of 2
Country (United States) 8 of 8
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-15 Lamm Food Service

Lafayette, Louisiana, United States

Lamm Food Service is a full-line food distributor that offers a wide variety of name-brand products from national manufacturers while also proudly supporting local companies that manufacture Louisiana food products. Lamm Food Service is based in Lafayette, Louisiana.

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