M&A Deal Summary

GS Foods Group Acquires Thurston Foods

On November 1, 2021, GS Foods Group acquired distribution company Thurston Foods

Acquisition Highlights
  • This is GS Foods Group’s 4th transaction in the Distribution sector.
  • This is GS Foods Group’s 5th transaction in the United States.
  • This is GS Foods Group’s 1st transaction in Connecticut.

M&A Deal Summary
Date 2021-11-01
Target Thurston Foods
Sector Distribution
Buyer(s) GS Foods Group
Deal Type Add-on Acquisition

Target

Thurston Foods

Wallingford, Connecticut, United States
Thurston Foods is a family-owned full-service distributor inventorying over 7,500 items to serve diverse segments of the foodservice industry including schools, hospitals, health care facilities, restaurants, and more. The company’s current service areas include Connecticut, Massachusetts, Rhode Island, New York, New Jersey, Maine, Vermont and New Hampshire. Thurston Foods was formed in 1947 and is based in Wallingford, Connecticut.

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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 5 of 8
Sector (Distribution) 4 of 5
Type (Add-on Acquisition) 5 of 8
State (Connecticut) 1 of 1
Country (United States) 5 of 8
Year (2021) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-09 C&C Produce

North Kansas City, Missouri, United States

C&C Produce is a specialty distributor of produce products. C&C operates the largest produce warehouse in the Midwest – serving over 4,000 customer locations across six states with superior products. C&C Produce was founded in 1992 and is based in North Kansas City, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-07 Graves Foods

Jefferson City, Missouri, United States

Graves Foods is a full-line wholesale food distributor that services Missouri, Oklahoma, Kansas, and Arkansas. Graves Foods has delivered quality products and legendary personal service to all their valued customers, which include restaurants, nursing homes, schools, c-stores, and more. Graves Foods was founded in 1947 and is based in Jefferson City, Missouri.

Buy -
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