M&A Deal Summary

Lindsay Goldberg Acquires Golden State Foods

On August 8, 2024, private equity firm Lindsay Goldberg acquired food company Golden State Foods

Acquisition Highlights
  • This is Lindsay Goldberg’s 5th transaction in the Food sector.
  • This is Lindsay Goldberg’s 46th transaction in the United States.
  • This is Lindsay Goldberg’s 7th transaction in California.

M&A Deal Summary
Date 2024-08-08
Target Golden State Foods
Sector Food
Buyer(s) Lindsay Goldberg
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Rothschild Global Advisory (Financial)

Target

Golden State Foods

Irvine, California, United States
Golden State Foods (GSF) is a diversified supplier to the food service and retail industries. GSF and its family of companies currently service 200+ leading brands (125,000+ restaurants/stores in more than 50 countries) from its 50 worldwide locations. Its core businesses include the manufacturing of liquid products, protein, produce, dairy/aseptic, and custom distribution services. Golden State Foods was formed in 1947 and is based in Irvine, California.

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Buyer(S) 1

Buyer

Lindsay Goldberg

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 17.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Lindsay Goldberg is a large private equity firm that targets investments in traditional, basic industries. Lindsay looks to commit $50 to $250 million per transaction in sectors that include basic & commodity manufacturing, financial services, food, and distribution. Lindsay looks to partner with management in pursuing transactions. Lindsay Goldberg was formerly known as Lindsay Goldberg & Bessemer. The Firm was formed in 2001 and is based in New York City.

DEAL STATS #
Overall 57 of 57
Sector (Food) 5 of 5
Type (Buyout (LBO, MBO, MBI)) 24 of 24
State (California) 7 of 7
Country (United States) 46 of 46
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-19 Kleinfelder

San Diego, California, United States

Kleinfelder is a multidisciplinary engineering firm that provides mission critical design, testing and program management services to clients across an array of industries. The company has over 60 offices across the United States, Canada and Australia. Kleinfelder was founded in 1961 and is based in San Diego, California.

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