December 31, 2014
Sterling Investment Partners’ Portfolio Company Lipari Foods Expands Specialty Offerings with Acquisition of Dawn’s Fresh Foods
Sterling Investment Partners (“Sterling”), a private equity firm that has been investing in and building middle-market companies for over 23 years, announces that its portfolio company, Lipari Foods, a leading Midwest food distributor based in Warren, Mich., has acquired Dawn’s Fresh Foods. Based in Portage, Wisconsin, the acquisition of Dawn’s Fresh Foods expands Lipari Foods geographic presence in the Midwest and increases the breadth of Lipari’s product offering.
Lipari Foods, LLC.
Lipari Foods was founded in 1963, the next step in the career of Jim Lipari, who began by delivering unique products from the back of his Buick station wagon. Today Lipari Foods is a leading independent “perimeter of the store” distributor in the Midwest, delivering a wide range of quality bakery, dairy, deli, packaging, seafood, meat, grocery, foodservice, confectionary and convenience foods and beverage products to over 5,000 customers across 12 states.
Sterling Investment Partners
Sterling Investment Partners is a private equity firm with a highly experienced, cohesive team of senior investment professionals. Sterling acquires businesses that the firm believes have strong, sustainable competitive advantages and significant opportunities for value creation. Sterling has over $1.25 billion in initial fund commitments. Over its history, Sterling has completed platform investments, strategic or add-on acquisitions, recapitalizations and liquidity events with an aggregate transaction value of over $11.5 billion, representing more than 100 transactions. Key industries Sterling focuses on include business services, industrial and consumer value-added distribution, niche manufacturing, and transportation and logistics. www.sterlinglp.com