Lindsay Goldberg Acquires Majority Stake in Golden State Foods, Strengthening Strategic Growth

Lindsay Goldberg Acquires Majority Stake in Golden State Foods, Strengthening Strategic Growth

(IN BRIEF) Lindsay Goldberg, a private equity firm specializing in family and founder-led businesses, has acquired a controlling interest in Golden State Foods (GSF), a major supplier in the foodservice and retail industries. The Wetterau family, who have been long-time stakeholders in GSF, will maintain a significant ownership interest. This partnership aims to enhance GSF’s resources and capabilities, supporting its mission to provide top-tier solutions and services to its global customers. Bryan Cave Leighton Paisner (BCLP) represented the rollover shareholders in this transaction, with their Food and Agribusiness practice playing a key role.

(PRESS RELEASE) LONDON, 20-Aug-2024 — /EuropaWire/ — Lindsay Goldberg, a private equity firm with a focus on family and founder-led businesses, has acquired a controlling interest in Golden State Foods (GSF), a leading global supplier in the foodservice and retail sectors. The transaction, which underscores GSF’s strong legacy and growth trajectory, will see the Wetterau family, long-time stakeholders in the company, retain a significant ownership share.

This strategic investment is expected to enhance GSF’s ability to deliver innovative solutions and exceptional service to its global customer base. The partnership with Lindsay Goldberg will provide GSF with additional resources to drive its continued expansion and operational excellence.

The legal representation for the rollover shareholders was handled by Bryan Cave Leighton Paisner (BCLP), with key members of their corporate finance team including Partners Bob Newmark, Alejandro Montenegro, Jessica Edwards, and Associate Madeleine Considine. BCLP’s Food and Agribusiness practice, recognized for its deep expertise in the sector, played a pivotal role in facilitating this transaction.

This acquisition marks a significant milestone in the foodservice industry, positioning Golden State Foods for continued leadership and growth in the global market.

Media Contacts:

Robert L. Newmark
St. Louis / New York
robert.newmark@bclplaw.com
+1 314 259 2568

Alejandro J. Montenegro
Chicago
alejandro.montenegro@bclplaw.com
+1 312 602 5084

Jessica J. Edwards
St. Louis
jessica.edwards@bclplaw.com
+1 314 259 2355

Madeleine A. Considine
Denver
madeleine.considine@bclplaw.com
+1 303 866 0217

SOURCE: Bryan Cave Leighton Paisner LLP