Investcorp, a global alternative investment firm, has acquired a majority stake in Sunrise Produce, a wholesale produce distribution company based in southern California.
Sunrise supplies customers across the restaurant and resort, education, healthcare and retail sectors with produce and perishable foods. The company serves a base of approximately 2,000 accounts, distributing products from a regional supplier network across the western U.S. The deal looks to drive Sunrise’s prospective growth and provide opportunities for expansion and future acquisition. David Sapia, Sunrise’s president and CEO, will remain a significant shareholder in the company.
“David and the Sunrise team have built a special, passionate culture that consistently thrills its customers with outstanding service,” comments Amit Gaind, managing director at Investcorp. “Their model and disciplined approach has propelled them to exceptional, industry-leading growth. We look forward to our partnership and to helping the Company accelerate its growth through geographic expansion and acquisitions.”