Gourmet Culinary Holdings, a portfolio business enterprise of AUA Private Equity Partners LLC, has received Gourmet Foods Inc. Financial terms weren’t announced. Gourmet Culinary makes and distributes speciality organized ingredients along with soups, sauces, hor’s d’ oeuvres, appetizers, aspect items, and breakfast dishes serving the airline, hospitality, eating place, catering, retail and corporate campuses industries.
NEW YORK, NY – July 31, 2019 – AUA Private Equity Partners, LLC (“AUA Private Equity”) is thrilled to announce the purchase of Gourmet Foods, Inc. (“Gourmet Foods”), a circle of relatives-owned producer and distributor of speciality organized ingredients along with soups, sauces; hor’s d’ oeuvres, appetizers, side objects, and breakfast dishes serving the airline, hospitality, restaurant, catering, retail and company campuses industries. The transaction turned into finished on behalf of AUA Private Equity portfolio company Gourmet Culinary Holdings (“GCH” or “Gourmet Culinary Holdings”).
The acquisition of Gourmet Foods is the 1/3 transaction finished with the aid of Gourmet Culinary Holdings as AUA Private Equity seeks to create the leading uniqueness organized ingredients agency in the U.S. On March 27, 2019, AUA Private Equity consummated a partnership beneath GCH, investing along with the proprietors of Gourmet Kitchen, Inc. (“Gourmet Kitchen”). Thereafter, on April 25, 2019, AUA Private Equity completed its 2d investment for the GCH platform, partnering with the founders and senior control of Kabobs Holdings, LLC (“Kabobs”).
Andy Unanue, the Managing Partner of AUA Private Equity, commented: “The acquisition of Gourmet Foods lets in Gourmet Culinary Holdings to similarly amplify its countrywide footprint and its product portfolio. We are thrilled to be partnering with a splendid and proficient management crew who will continue to steer the business and offer besides culinary information on behalf of GCH.”
Founded in 1986, Gourmet Foods manages three exceptional manufacturing centres positioned in Los Angeles, San Francisco, and New Jersey, in addition to nine warehouse distribution factors throughout the U.S. Imparting countrywide access. The employer enjoys a brand reputation among its blue-chip clients throughout more than one channels. Because of its fantastic products, it maintains a various and growing list of lengthy-term customer relationships.
Steven Flyer, Partner of AUA Private Equity, commented: “We are excited to collect Gourmet Foods and retain to enlarge the GCH platform via new distribution channels and production capabilities. The Gourmet Foods’ group brings a culinary-ahead approach to innovation, first-class, and consistency in its product imparting. With the Gourmet Foods acquisition, we preserve to execute on our plan of making the main top-class area of expertise prepared ingredients platform inside the U.S.”
The transaction becomes led using Partner Steven Flyer, Managing Director Kyle Chichi, and Vice President Ari David. Susan Pravda from Foley & Lardner LLP served as a legal marketing consultant to AUA Private Equity. Maria Steingoltz and Manny Picciola of L.E.K. Consulting LLC supplied strategic consulting recommendation to AUA Private Equity. Additional advisors to AUA Private Equity consist of Sharon Bromberg from CohnReznick LLP. This is yet another section doing overwhelming business. The huge number of Job Vacancies lies in this area. Beginning from a Bartender, Chef and Room Service Boy right up to top managerial level jobs. This industry is also known as the “Hospitality Industry”. This industry is directly associated with Free Time. The Hotels in Exotic Holiday Destinations are striving towards having a brisk business. They try to reduce rates, brush up the facilities available and try to see that none of the rooms is empty.
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