Littlejohn-led investor group buys food distributor Lipari

Moving forward, The Lipari family, management, H.I.G. Capital, and Sterling Investment Partners remain minority investors in Lipari.

  • Lipari was founded in 1963
  • Piper Sandler and Harris Williams were financial advisors to Lipari on the deal
  • Littlejohn invests in middle-market companies

An investor group led by Littlejohn & Co, has acquired Warren, Michigan-based Lipari Foods, a specialty food distributor. No financial terms were disclosed.

Moving forward, The Lipari family, management, H.I.G. Capital, and Sterling Investment Partners remain minority investors in Lipari.

Founded in 1963, Lipari serves over 7,500 independent and specialty grocers, with a growing base of over 2,000 national supermarket, convenience store and other customers across the U.S.

“Lipari builds upon Littlejohn’s deep expertise investing in value-added distribution platforms,” said Tony Miranda, a managing director of Littlejohn. “We have long admired Lipari and have been impressed with the Company’s highly differentiated business model, tenured management team, and impressive track record of growth and operational excellence. We are excited to partner with Thom Lipari and the rest of the management team to support Lipari’s next phase of growth.”

Piper Sandler and Harris Williams were financial advisors to Lipari on the deal while McDermott Will & Emery LLP served as legal counsel to Lipari Foods and H.I.G. Capital.

Littlejohn invests in middle-market companies. Littlejohn has about $7.8 billion of regulatory assets under management.