CARLSBAD, Calif.—(BUSINESS WIRE)— Highview Capital, LLC (“Highview”) today announced that it has completed the acquisition of specialized food service distributor GoodSource Solutions (“Good Source” or “the Company”) from Evergreen Pacific Partners. The investment will drive continued growth for GoodSource in partnership with the existing management team, which has decades of experience in food distribution.
GoodSource, founded in 1989, provides a broad range of food distribution and product
solutions to value-focused end markets including education, corrections, non-profit, business & industry and healthcare. The Company also provides value-added services such as packaging, labeling and menu planning to address the unique and complex needs of its customers. GoodSource has strong relationships with over 500 global, leading food manufacturers, and its sophisticated procurement system links suppliers with over 2,500 customers across the United States. The Company generates over $200 million in revenue annually.
Rich Friedlen, President and Chief Executive Officer of GoodSource, said, “GoodSource is proud of the relationships we have forged with our customers and partners, which have enabled us to expand across North America and offer products and services at the best quality and price. Our success is founded on the caliber of our team and our customers’ trust in our offerings. This new partnership positions us extremely well for continued growth and we look forward to working with the Highview team.”
Ryan McCarthy, Founder and Senior Portfolio Manager of Highview Capital, LLC, said, “Rich and the GoodSource team have built an outstanding business by leveraging their sophisticated distribution network, industry expertise and relationships. This partnership will empower the Company to further capitalize on a fragmented industry and sharpen its competitive edge. We are excited to support GoodSource in the future through both organic initiatives and strategic acquisitions to fuel expansion into new markets.”