Highview Capital acquired Gold Star Foods, Inc., a specialized food distributor to K-12 child nutrition programs.Highview acquired Gold Star from Castle Harlan, Inc. and Alvarez & Marsal Capital Partners participated in the transaction as a direct investor in the combined business.
As part of the deal, Gold Star will merge with existing Highview portfolio company Good Source Solutions, Inc., a specialized food distributor focused on K-12, corrections and non-commercial segments. The merger will create a new holding company called GS Foods Group, and Sean Leer has been appointed CEO of the new entity.
Gold Star and Good Source will continue to operate as independent brands.
The combination of Gold Star and Good Source will establish a new leader in specialized foodservice distribution for the K-12, corrections and other segments requiring specialized products & services.
The combined company will have a national presence with substantial market presence across the United States, serving over 8,000 customers nationwide.
Gold Star and Good Source will continue to operate under their current names and branding in the foodservice industry, and each will continue to be led by their current management teams, with Sean Leer and Rich Friedlen serving as Presidents of Gold Star and Good Source, respectively.
GS Foods Group uses its network of facilities to provide food distribution and product solutions to specialized foodservice segments, including education, corrections, non-profit, business & industry and healthcare. Its independent subsidiaries, Good Source Solutions, Inc. and Gold Star Foods, Inc., collectively serve over 8,000 customers nationwide.