Worldwide Produce, a portfolio company of Sole Source Capital, has acquired Left Coast Food Company.
Left Coast is a distributor of produce, dry goods, and frozen goods to foodservice companies in the greater San Diego region. The company, led by President Guy Roney, was founded in 2017 and is headquartered 50 miles north of San Diego in San Marcos, California.
“Worldwide Produce is an ideal partner to support the continued growth of Left Coast Food Company,” said Mr. Roney. “By joining Worldwide, Left Coast will benefit from Worldwide’s expansive product catalog and supplier relationships to offer more choices to customers to meet their diverse food needs.”
Worldwide Produce is one of the largest produce and dairy distributors in Southern California. The company has more than 6,000 SKUs of fresh fruits, vegetables, dairy products, and specialty foods.
Worldwide operates out of six distribution facilities located in California (4), Nevada, and Arizona and services both foodservice and retail customers across the Western United States. The company was founded in 1989 and is led by CEO Todd Ferguson.
“Left Coast has made a strong impression on its customer base in the region surrounding San Diego, a highly attractive area in which we have operated for years, and we are excited to further expand our presence there,” said Mr. Ferguson. “Worldwide’s operational and product sourcing expertise, combined with Left Coast’s dedicated focus to the San Diego region, will allow both companies to continue to provide the highest level of product and service to our customers.”
Sole Source acquired Worldwide Produce in October 2019 and has closed four earlier add-on acquisitions including California-based Valley Food Services (June 2022), California-based Chef’s Choice Produce (April 2022), California-based Vision Produce (August 2021), and California-based Avalon Fine Foods.
Dallas-headquartered Sole Source makes control investments in high-precision manufacturing, diversified distribution, and industrial service companies that have EBITDA from $5 million to $20 million. The firm specializes in the acquisition of founder-owned businesses and corporate carve-outs. Sole Source was founded in 2016 by David Fredston and is headquartered in Dallas with an additional office in Santa Monica, California.
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