Mr. Greens Expands into Atlanta Market with Parishables Acquisition

Deal News | Jan 22, 2025 | Sterling Investment Partners L

Mr. Greens Produce, a prominent distributor of produce and specialty food items to the restaurant and hospitality sectors, has announced its acquisition of Parishables Food Service. This acquisition marks Mr. Greens' entry into the Atlanta market, a significant hub for culinary innovation in the Southeast. Parishables, founded over two decades ago and based in Atlanta, specializes in distributing high-quality fresh produce and dairy. Recognized for their commitment to quality, Jason Harwell and Tommy Bullington have developed Parishables into a leading distributor in the region. The acquisition aligns both companies' commitments to quality and service, allowing Mr. Greens to expand its reach across Georgia. Nick Politis, CEO of Mr. Greens, lauded the excellent foundation Parishables has established, aligning with Mr. Greens' values and operational philosophy. The acquisition is intended to enhance Mr. Greens' service offerings, which include a wide range of products and flexible delivery services. This strategic move positions Mr. Greens for regional growth, reinforcing existing relationships and cultivating new ones. Parishables CEO Jason Harwell echoed the excitement for transformational growth and shared values with Mr. Greens. Sterling Investment Partners, the private equity firm backing Mr. Greens, has been involved in building middle-market companies for over three decades. Known for its strategic control investments in distribution and business services, Sterling has a significant track record of successful deals. This acquisition is part of Mr. Greens' broader strategy to become a leading distributor in the foodservice industry, with a focus on further market expansion through additional strategic partnerships.

Sectors

  • Food Distribution
  • Private Equity

Geography

  • United States – The transaction and business expansion occur within the United States, focusing on Georgia and specifically the Atlanta market.
  • Georgia – The acquired company, Parishables Food Service, is based in Atlanta, Georgia, marking a key geographic focus for the market expansion.
  • Southeast United States – The strategic expansion into the Atlanta market is aimed at cementing Mr. Greens’ presence in the Southeast United States.

Industry

  • Food Distribution – The article discusses the acquisition of a food distribution company, Parishables Food Service, by Mr. Greens, a distributor of produce and specialty food items.
  • Private Equity – Sterling Investment Partners, a private equity firm, supports Mr. Greens’ acquisition strategy, highlighting the article’s relevance to the private equity sector.

Financials

    Participants

    NameRoleTypeDescription
    Mr. Greens ProduceAcquirerCompanyA leading distributor of produce and specialty food items to restaurant and hospitality sectors, expanding operations to the Atlanta market.
    Parishables Food ServiceTargetCompanyAn Atlanta-based company specializing in distributing fresh produce and dairy, acquired as part of Mr. Greens' expansion strategy.
    Sterling Investment PartnersInvestorCompanyA private equity firm backing Mr. Greens, specializing in middle-market acquisitions and value creation.
    Jason HarwellCEOPersonCEO and Co-Owner of Parishables Food Service, overseeing the company's integration with Mr. Greens.
    Tommy BullingtonCo-OwnerPersonCo-Owner of Parishables Food Service, involved in the company’s leadership and operations.
    Nick PolitisCEOPersonCEO of Mr. Greens Produce, guiding the strategic growth and acquisition of Parishables.