Silver Oak Services Partners Leads Recapitalization of Legacy Farms

News provided by

Silver Oak Services Partners, LLC

18 Apr, 2017, 08:05 ET

EVANSTON, Ill., April 18, 2017 /PRNewswire/ -- Silver Oak Services Partners, LLC ("Silver Oak"), a lower middle market private equity firm focused exclusively on service businesses, announced it has partnered with management to lead the recapitalization of Legacy Farms, LLC ("Legacy" or the "Company").  

Legacy is a leading fresh vegetable and fruit grower, shipper, and wholesaler to grocers and foodservice providers in the Western US.  The Company specializes in dry vegetables (e.g. bell peppers, tomatoes, squash, etc.) while also offering a wide selection of fresh fruits.  Legacy is headquartered in Buena Park, California and operates out of a ~100,000 square foot distribution center.

"We're at an exciting point in Legacy Farms' evolution, and we realized that a value-added partner with additional capital resources could help us execute on our growth strategy.  Silver Oak's distribution experience and track record of executing growth strategies alongside their management partners made them logical partners for us.  We look forward to working with them as we focus on expanding our capacity, making additional investments in our business and executing add-on acquisitions," said Wally Sinner, CEO of Legacy. 

Silver Oak was attracted to the produce sector given the highly-perishable nature of the product, the recurring demand from customers, and the recession-resistant nature of the sector.  Greg Barr, Managing Partner at Silver Oak, said, "Legacy is well known in the industry for its customer service, product quality and reliability, and we're excited to partner with such an experienced management team.  We believe there are many organic and acquisition growth opportunities for the business, and we look forward to building upon Legacy's impressive historical track record."

Legacy Farms is actively looking for add-on acquisition opportunities in the Western US. 

Please contact Greg Barr or David Friedman of Silver Oak for additional information.

Silver Oak invests in business, consumer and healthcare services companies in the lower middle market, typically with EBITDA of $4 million to $20 million.

Contact: Chris Tofalli
Chris Tofalli Public Relations, LLC
914-834-4334

SOURCE Silver Oak Services Partners, LLC

PRN Top Stories Newsletters

Sign up to get PRN’s top stories and curated news delivered to your inbox weekly!

Thank you for subscribing!

By signing up you agree to receive content from us.
Our newsletters contain tracking pixels to help us deliver unique content based on each subscriber's engagement and interests. For more information on how we will use your data to ensure we send you relevant content please visit our PRN Consumer Newsletter Privacy Notice. You can withdraw your consent at any time in the footer of every email you'll receive. Mit Ihrer Anmeldung erklären Sie sich damit einverstanden, Inhalte von uns zu erhalten.
Unsere Newsletter enthalten Zählpixel, die die Lieferung einzigartiger Inhalte in Bezug auf das Abonnement und die Interessen der einzelnen Abonnenten ermöglichen. Weitere Informationen über die Verwendung Ihrer Daten im Hinblick auf die Zusendung von relevanten Inhalten, finden Sie in unserer PRN Consumer Newsletter Privacy Notice. Ihre Zustimmung können Sie jederzeit in der Fußzeile jeder erhaltenen E-Mail widerrufen. En vous inscrivant à la newsletter, vous consentez à la réception de contenus de notre part.
Notre newsletter contient des pixels espions nous permettant la fourniture à chaque abonné, d’un contenu unique en lien avec ses souscriptions et intérêts. Pour de plus amples informations sur l’utilisation faite de vos données en vue de l’envoi des contenus concernés, nous vous invitons à consulter la politique de confidentialité disponible à partir du lien suivant PRN Consumer Newsletter Privacy Notice. Vous pouvez à tout moment revenir sur votre consentement par le biais des informations situées au bas de chaque e-mail reçu. Регистрирайки се, Вие се съгласявате да получавате информационно съдържание от нас. Нашите бюлетини съдържат проследяващи пиксели, които ни помагат да предоставяме уникално съдържание въз основа на ангажираността и интересите на всеки абонат. За повече информация относно начина, по който ще използваме Вашите данни, за да гарантираме, че Ви изпращаме подходящо съдържание, моля, направете справка с нашето Уведомление за поверителност на потребителския бюлетин на PRN. Можете да оттеглите съгласието си по всяко време в долния колонтитул на всеки от имейлите, които ще получите.