M&A Deal Summary

Sterling Investment Partners Acquires Mr Greens Produce

On May 4, 2023, private equity firm Sterling Investment Partners acquired distribution company Mr Greens Produce from Shoreline Equity Partners

Acquisition Highlights
  • This is Sterling Investment Partners’ 5th transaction in the Distribution sector.
  • This is Sterling Investment Partners’ 29th transaction in the United States.
  • This is Sterling Investment Partners’ 2nd transaction in Florida.

M&A Deal Summary

Date 2023-05-04
Target Mr Greens Produce
Sector Distribution
Buyer(s) Sterling Investment Partners
Sellers(s) Shoreline Equity Partners
Deal Type Secondary Buyout
Advisor(s) Finn Dixon & Herling (Legal)

Target

Mr Greens Produce

Miami, Florida, United States
Mr Greens Produce, dairy, and dry goods distributor serving a large variety of clients, including restaurants, hotels, country clubs, caterers, grocery stores, and retail outlets. Mr. Greens delivers 365 days a year, 7 days a week, and multiple runs per day to over 1,500 customers across Florida. Mr Greens Produce is based in Miami, Florida.

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Buyer(S) 1

Buyer

Sterling Investment Partners

Westport, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 2.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Sterling Investment Partners is a private equity firm that seeks investments in middle-market businesses with strong market share and high growth potential. Sterling looks for companies generating revenues of $50 to $500 million and EBITDA of $15 to $50 million. Sectors of interest include outsourcing/business services, niche manufacturing & industrial, transportation & logistics, unique distribution, technology-related, energy services, and consumer products & services. Sterling Investment Partners dates back to 1991 and is based in Westport, Connecticut.


DEAL STATS #
Overall 29 of 31
Sector (Distribution) 5 of 5
Type (Secondary Buyout) 11 of 13
State (Florida) 2 of 2
Country (United States) 29 of 31
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-26 Kendall Vegetation Services

Lawrenceville, Georgia, United States

Kendall Vegetation Services provides professional vegetation management services, specializing in right-of-way maintenance, herbicide treatment, storm restoration and power line clearing, to utility customers on both transmission and distribution lines. Kendall Vegetation Services was founded in 1960 and is based in Lawrenceville, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-21 Anser Advisory

Cypress, California, United States

Anser Advisory is a national firm specializing in capital program funding, program management, project management, construction management, and executive advisory services. The firm provides program advisory services to clients across the country in industries that include transportation, higher education, K-12 education, industrial, federal, state, and local government, healthcare, hospitality, and housing. Anser Advisory is based in Santa Ana CA, Boston MA, Orlando FL, San Francisco CA, Atlanta GA, and now Clinton, New Jersey.

Sell -

Seller(S) 1

SELLER
DESCRIPTION

Shoreline Equity Partners is a private equity firm focused on partnering with management teams to acquires lower middle-market companies. The Firm is sector agnostic and generally targets profitable enterprises valued from $50 to $350 million. Prospective transaction situations include buyouts, recapitalizations, and corporate divestitures. Shoreline Equity Partners was established in 2019 and is headquartered in Jacksonville, Florida.


DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Florida) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-19 C&S Chemicals

Roswell, Georgia, United States

C&S Chemicals is a vertically integrated provider of water treatment and animal health chemicals. C&S Chemicals was founded in 1980 and is based in Roswell, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-29 American Landscaping Partners

Brentwood, Tennessee, United States

American Landscaping Partners is a provider of landscaping services and offers lawn maintenance, lawn care, snow removal, plant healthcare, and tree services for residential and commercial customers. American Landscaping Partners is based in Brentwood, Tennessee.

Buy -