M&A Deal Summary

Highview Capital and Alvarez & Marsal Capital Partners Acquire GS Foods Group

On January 1, 2018, private equity firms Highview Capital and Alvarez & Marsal Capital Partners acquired food company GS Foods Group

Acquisition Highlights
  • This is Highview Capital’s 1st and Alvarez & Marsal Capital Partners’ 1st transaction in the Food sector.
  • This is Highview Capital’s 2nd and Alvarez & Marsal Capital Partners’ 6th transaction in the United States.
  • This is Highview Capital’s 1st and Alvarez & Marsal Capital Partners’ 1st transaction in California.

M&A Deal Summary
Date 2018-01-01
Target GS Foods Group
Sector Food
Buyer(s) Highview Capital
Alvarez & Marsal Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

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.

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Buyer(S) 2

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 2 of 10
Sector (Food) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 2 of 8
State (California) 1 of 3
Country (United States) 2 of 9
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-24 American Plastics

St. Louis, Missouri, United States

American Plastics is a manufacturer, importer, and distributor of commercial cleaning and consumer storage products. American Plastics markets its branded products under the Continental Commercial Products, Contico, Wilen, and Fundamentals banners. American Plastics is based in St. Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-11 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.

Buy -
Buyer

Alvarez & Marsal Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Alvarez & Marsal Capital Partners (A&M Capital) is a private equity investment firm affiliated with financial advisory and due diligence provider Alvarez & Marsal. A&M Capital looks to invest $20 to $75 million in North American and Western European companies valued up to $750 million. The Firm looks for control situations where it can leverage its operational expertise. Sectors of interest include general industrial/manufacturing, consumer, retail, healthcare, business services, transportation, and energy. Alvarez & Marsal Capital Partners was established in 2011 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 6 of 21
Sector (Food) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 4 of 7
State (California) 1 of 4
Country (United States) 6 of 18
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-13 Centerra Group

Palm Beach Gardens, Florida, United States

Centerra Group LLC is a provider of security services to the U.S. Federal Government and commercial customers. Centerra safeguards sites of great significance to the U.S.' national security, including facilities that house Category I Special Nuclear Material (SNM) as well as sites of cultural and historical significance, such as the U.S. Holocaust Memorial Museum.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-06 PatientCare EMS Solutions

Tyler, Texas, United States

PatientCare EMS Solutions is a provider of ground-based 911 emergency ambulance services and other critical healthcare logistics solutions which has forged solid reputations in communities both large and small. The company provides its partner's transparency into technology and data, so together we can deploy specialists and dispatch transportation in the most timely manner possible for more than 350,000 patients a year. PatientCare EMS Solutions is based in Tyler, Teaxs.

Buy -
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