Olympus Acquires Vesta Foodservice

Olympus Partners has acquired Vesta Foodservice, a distributor of specialty food products.

Vesta Foodservice provides more than 7,500 SKUs of food products to restaurants, hotels, and institutional kitchens across the Western United States, including California, Arizona, Nevada, and Hawaii. The company’s core business is the sourcing and delivery of fresh produce, including fruits, vegetables, herbs, mushrooms, and pre-cut or processed items, with an emphasis on seasonal and specialty ingredients used in professional kitchens.

Beyond produce, Vesta supplies a range of perishable and center-of-plate products, including dairy items such as milk, butter, cream, and yogurt; shell eggs; and cheeses. The company also maintains a large dry goods and pantry catalog that includes oils, vinegars, grains, pasta, flours, canned goods, chocolate, coffee, and beverages. In addition, Vesta offers prepared and value-added items such as frozen appetizers and pastry components, including frozen doughs, tart shells, pie crusts, and chocolate and fruit fillings.Vesta was founded in 1985 as LA Specialty Produce Company and rebranded to Vesta in 2019. The company is headquartered near Los Angeles in Santa Fe Springs, California.

“We are excited to partner with the entire management team at Vesta,” said Michael Horgan, a partner at Olympus. “Vesta’s market-leading position and customer-centric approach differentiates it in today’s market and positions the company for future growth. We look forward to supporting its continued growth alongside Michael Glick, Scott Parra-Matthews and Jin Ju Wilder.”

“Olympus is the right partner for us to make Vesta into an even better and more customer-focused business,” said Michael Glick, the founder of Vesta. “This partnership provides the strategic resources necessary to scale our operations while maintaining the quality our culinary partners depend on.”

“I’m incredibly excited to partner with Olympus and lead Vesta into its next chapter,” said Jin Ju Wilder, who is now assuming the role of chief executive officer of Vesta. “Their experience and resources position us to continue building on our strong foundation and invest in the people, partnerships, and capabilities that will drive our long-term growth.”

Olympus Partners invests in a range of industries but has a specific interest in business services, consumer products, healthcare services, financial services, industrial services, and manufacturing. The firm was founded in 1988 and is based in Stamford, Connecticut.

Harris Williams was the financial advisor to Vesta Foodservice on this transaction. KPMG was the financial advisor to Olympus.