M&A Deal Summary

Highview Capital Acquires Good Source Solutions

On July 11, 2018, private equity firm Highview Capital acquired distribution company Good Source Solutions from Evergreen Pacific Partners

Acquisition Highlights
  • This is Highview Capital’s 1st transaction in the Distribution sector.
  • This is Highview Capital’s 3rd transaction in the United States.
  • This is Highview Capital’s 2nd transaction in California.

M&A Deal Summary
Date 2018-07-11
Target Good Source Solutions
Sector Distribution
Buyer(s) Highview Capital
Sellers(s) Evergreen Pacific Partners
Deal Type Secondary Buyout

Target

Good Source Solutions

Carlsbad, California, United States
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.

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Buyer(S) 1

Buyer

Highview Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2016
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Highview Capital is a private equity firm focused on acquiring and investing in companies facing an inflection point. This includes healthy companies where management is looking to achieve liquidity, companies in need of operating improvements, and companies in transition or distress. The Firm looks to invest $10 to $125 million in businesses valued between $50 and $350 million. Sectors of interest include business services, chemicals, distribution, energy, healthcare, manufacturing, packaging, retail/consumer, technology, media, and communications. Highview Capital was established in 2016 and is headquartered in Los Angeles, California.

DEAL STATS #
Overall 3 of 10
Sector (Distribution) 1 of 1
Type (Secondary Buyout) 1 of 2
State (California) 2 of 3
Country (United States) 3 of 9
Year (2018) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 GS Foods Group

Carlsbad, California, United States

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 National Fire & Safety

Denver, Colorado, United States

National Fire & Safety is an end-to-end fire protection and life safety solutions platform. National Fire & Safety’s mission is to deliver safe and reliable fire protection tools by leveraging the local knowledge and expertise of the nation’s most trusted brands. National Fire & Safety is based in Denver, Colorado.

Buy -

Seller(S) 1

SELLER

Evergreen Pacific Partners

Seattle, Washington, United States
Category Private Equity Firm
Founded 2004
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Evergreen Pacific Partners is a private equity firm that invests in private, middle-market companies in Western North America. Evergreen focuses on buyouts and growth equity investments in companies generating sales of at least $50 million and where the firm can commit at least $15 million of capital. Sectors of interest include manufacturing/distribution, specialty packaging, consumer products and cable television/radio. Evergreen Pacific was formed in 2004 and is based in Seattle, Washington.

DEAL STATS #
Overall 13 of 15
Sector (Distribution) 1 of 1
Type (Secondary Buyout) 2 of 4
State (California) 4 of 5
Country (United States) 13 of 15
Year (2018) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-07 Haney Transportation and Logistics

Yakima, Washington, United States

Haney Transportation and Logistics is a provider of truckload transportation in the Pacific Northwest, California and Canada. The company provides common and contract carriage, dedicated resources, and single source transportation programs utilizing 53-foot dry vans, 64-foot double vans, flatbeds and refrigerated vans.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-23 Abracon

Rancho Santa Margarita, California, United States

Abracon is a manufacturer of frequency control, signal conditioning, clock distribution and magnetic components. Abracon offers a wide selection of Quartz Timing Crystals, Crystal and MEMS Oscillators, Real Time Clocks, Antennas, Bluetooth Modules, Ceramic Resonators, SAW Filters and Resonators, Inductors, Transformers, Circuit Protection Components and Wireless RF Antennas. Abracon was founded in 1992 and is based in Rancho Santa Margarita, California.

Sell -
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