Sale to Highview Capital, LLC

Consumer
Sale to Highview Capital, LLC

Summary

Baird served as the exclusive financial advisor to Good Source, Inc. and Evergreen Pacific Partners on this transaction

About

Good Source, Inc. (“Good Source” or the “Company”), a portfolio company of Evergreen Pacific Partners (“Evergreen”), was recently acquired by Highview Capital, LLC (“Highview”).

Good Source, founded in 1989, is a specialized food distributor and solution provider with sophisticated procurement and logistical capabilities serving a wide spectrum of value-focused end markets through a national network of facilities. The Company has expanded into more logistics capabilities, food assortments, and diverse end markets through four acquisitions: Northwest Distribution, Harvest Farms, Dori Foods, and Pon Foods. Additionally, the Company provides menu/recipe planning and value-added product enhancements addressing complex packaging, labeling, nutrition, and dietary requirements. Good Source is headquartered in Carlsbad, California.

Evergreen Pacific Partners, which manages two private equity funds totaling $700 million, invests in traditional buyouts, management led buyouts, and growth equity investments involving traditional middle-market companies in the Western United States and Canada. Evergreen’s investors include foundations, endowments, pension funds and West Coast-based CEOs with experience in Evergreen's target industries. Evergreen is headquartered in Seattle, Washington.

Founded in 2016, Highview is a $500 million evergreen private equity fund. Highview invests in and provides strategic and operational resources to middle market businesses poised to undergo a transformation. Highview is backed by patient capital from a single LP, allowing it to take a long-term perspective. Highview employs a highly flexible investment mandate, and invests in family/founder owned businesses, corporate carveouts, value-oriented buyouts and special situations.Highview is headquartered in Los Angeles, California.
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Consumer
Sale to Highview Capital, LLC
Date
June 2018
Company
Good Source, Inc.
Transaction
M&A
Sectors
Consumer
Target Location
North America
Acquiror Location
North America

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