Sole Source Capital Portfolio Company Worldwide Produce Acquires Left Coast Food Company
Oct 26, 2022•about 3 years ago
Acquiring Company
Worldwide Produce
Acquired Company
Left Coast Food Company
GroceryFood And BeverageAgriculture and Farming
Description
Sole Source Capital LLC, an industrial-focused private equity firm, today announced that its portfolio company, Worldwide Produce, one of the largest fresh produce and dairy distributors on the West Coast, has acquired Left Coast Food Company (“Left Coast”), a premier foodservice distributor of frozen goods, dry goods and produce serving the greater San Diego region. The acquisition of Left Coast expands Worldwide Produce’s presence in Southern California and marks the company’s fifth completed acquisition since it became a Sole Source Capital portfolio company in 2019. Terms of the transaction were not disclosed.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed