Vestar Capital Partners has completed the acquisition of a majority interest in American Roland Food Corp including Bruno Scheidt, American Roland Food Corp, Pro Warehouse Corp and Costamar Corp. Terms of the transaction were not disclosed.
Vestar Capital Partners (“Vestar”) has completed the acquisition by Vestar Capital Partners VI, L.P. of a majorityinterest in American Roland Food Corp. (“Roland Foods”), including Bruno Scheidt, Inc., American Roland Food Corp., Pro Warehouse Corp., and Costamar Corp. Terms of the transaction, previously announced on August 26, 2013, were not disclosed.
Roland Foods is a recognized leader in the imported specialty foods business in the U.S. and around the globe.
Wells Fargo Securities, LLC acted as the M&A advisor to Vestar in this transaction. Financing for the transaction was provided by BMO Capital Markets, GE Capital Markets and funds managed by Oaktree Capital Management, L.P. Vestar’s legal advisor was Kirkland & Ellis LLP.
Evercore Partners served as financial advisor to American Roland Food Corp. and McDermott Will & Emery LLP served as legal advisor.
About Roland Foods
Roland Foods, based in New York City, specializes in importing high-quality specialty food products from more than 40 countries. Founded in Paris in 1934 and established in the U.S. in 1939, Roland Foods has provided customers with exceptional specialty foods, under the Roland brand as well as the Don Bruno, Chef Susanna’s, Costamar, and Consul brands. The company has a national presence in the foodservice, retail, and industrial channels as well as international sales in the Caribbean, Central and South America, Asia, Africa, and the Middle East. Roland Foods’ dedication to providing quality and consistency has made it a leader among food importers and suppliers. The Roland brand is synonymous with quality for the consumer and chef alike. For more information about American Roland Food Corp., please visit http://rolandfood.com.
About Vestar Capital Partners
Vestar Capital Partners is a leading U.S. middle-market private equity firm specializing in management buyouts and growth capital investments. Vestar invests and collaborates with incumbent management teams and private owners in a creative, flexible and entrepreneurial way to build long-term enterprise value.
Vestar is targeting equity investments in the range of $50 million to $200 million in U.S.-based middle-market companies with enterprise values ranging from $100 million to $1 billion. Vestar has extensive experience investing across a wide variety of industries including Consumer, Healthcare, DigitalMedia, Information Services, Diversified Industries, and Financial Services.
Since Vestar’s founding in 1988, Vestar funds have completed 70 investments in companies with a total value of more than $40 billion. For more information, please visit http://www.vestarcapital.com.
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