GREENWICH, Conn., October 31, 2022–(BUSINESS WIRE)–An investor group led by Littlejohn & Co., LLC (“Littlejohn”), a private investment firm based in Greenwich, CT, today announced that it has acquired Lipari Foods (“Lipari” or the “Company”), a leading specialty food distributor. The Lipari family, management, H.I.G. Capital, and Sterling Investment Partners remain minority investors in the Company. Terms of the transaction were not disclosed.
Founded in 1963 and headquartered in Warren, MI, Lipari is a leading distributor and value-added manufacturer of “perimeter-of-the-store” specialty foods, primarily serving over 7,500 independent and specialty grocers, with a growing base of over 2,000 national supermarket, convenience store and other customers across the United States. Lipari offers over 25,000 products, spanning deli, bakery, foodservice, specialty grocery, dairy, frozen seafood and meats, international foods, confections, and packaging items through its expansive refrigerated distribution network.
“Lipari builds upon Littlejohn’s deep expertise investing in value-added distribution platforms,” said Tony Miranda, Managing Director of Littlejohn. “We have long admired Lipari and have been impressed with the Company’s highly differentiated business model, tenured management team, and impressive track record of growth and operational excellence. We are excited to partner with Thom Lipari and the rest of the management team to support Lipari’s next phase of…
