Sidley represented Highview Capital, LLC, which announced today that it has acquired Gold Star Foods, Inc., a leading specialized food distributor to K-12 child nutrition programs. As part of the transaction, 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. 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. Sidley also handled the debt financing for the acquisition, which was provided by Cerberus Business Finance, LLC. Financial terms of the transactions were not disclosed.
The Sidley team was led by corporate transactional partner Ken Baronsky, finance partner Kelly Dybala and tax partner Ed Norris, transactional associates Derrick Davis, Jim Warczak and Akash Kumar, finance associates Connie Chilton and James Kelly and tax associate Jonathan Westreich.