Highview Capital portfolio company acquires Graves Foods

GS Foods Group, a portfolio company of Highview Capital and A&M Capital Partners, has purchased food service distributor Graves Foods.

GS Foods is made up of a group of food service distribution companies that operate across the US in sectors such as healthcare, education, non-profit and business and industry.

The company is made up of GoodSource Solutions, Gold Star Foods and C&C Produce, which was acquired by GS Foods in September 2021 to expand its national footprint and list of product offers.

Highview Capital managing director and senior portfolio manager Steve Russell said in a statement: “Graves Foods’ history of excellence and deep experience in specialty end markets make the business an ideal fit to join the GS Foods family.

“We look forward to increased opportunities for the combined business as we continue to expand operations and build a connected, national nutrition supply chain.”

Graves Food was founded in 1947 and delivers food services to customers in Missouri, Oklahoma, Kansas, Arkansas, Iowa and Illinois.

The company’s customer base includes restaurants, convenience stories and hospitality, as well as healthcare and education.

Highview Capital describes itself as a global private equity investment vehicle backed by a single multi-billion-dollar family office.

The firm invests in “middle market businesses that are facing an inflection point and are ready for transformation.” It pursues corporate carve outs, family- or founder-owned businesses and companies requiring investment to support organic growth or acquisitions.

Highview’s portfolio companies include American Plastics, Firstlight Media and Randall Foods, which is a fresh poultry and meat provider to grocery businesses in the western US.

A&M Capital Partners, Highview’s ownership partner in GS Foods, is Alvarez & Marsal Capital’s flagship investment strategy, which is focused on middle-market North American businesses.

The company also seeks founder- or family-owned businesses that are in need of capital injection to move onto the next stage of growth.