Sole Source Capital Portfolio Company Worldwide Produce Acquires Valley Food Services
06/15/22, 2:03 PM
Location
los angelesSole Source Capital LLC, an industrial-focused private equity firm, today announced that its portfolio company, Worldwide Produce, one of the largest fresh produce and dairy distributors on the West Coast, has acquired Valley Food Services (“Valley”), a premier foodservice distributor of fresh produce and dairy serving the Coachella Valley market. The acquisition of Valley strengthens Worldwide Produce’s presence in the Coachella Valley and marks the company’s second acquisition in the past three months. This is also the fourth completed acquisition for Worldwide Produce since it became a Sole Source Capital portfolio company in 2019. Terms of the transaction were not disclosed.
Company Info
Company info
Worldwide Produce is a leading distributor of fresh fruits, vegetables, dairy products, and specialty foods to independent and chain restaurants across the Western United States. The company operates out of three distribution facilities located in Los Angeles, CA, Las Vegas, NV and San Diego, CA and stocks roughly 5,000 SKUs. Worldwide Produce was founded in 1989 and has rapidly grown its revenue base due to its high-quality produce, superior service levels, strong sales staff, and high-quality leadership. For more information, please visit www.wwproduce.com.