BETHESDA, Md., Jan. 24, 2017 /PRNewswire/ — RLJ Equity Partners LLC (“RLJ”), an affiliate of the RLJ Companies, and SJ Partners, LLC (“SJP”), through its affiliate SJ Capital Partners VI LLC, has acquired majority control of Native Maine Produce and Specialty Foods, LLC (“Native Maine”), Maine’s largest fresh foodservice distributor.
“We are thrilled to welcome SJ Partners and RLJ to the Native Maine family. We have had a multi- year relationship with SJP and believe their industry knowledge and previous growth by acquisition success are a great fit. We’re also excited to partner with the exceptional leaders at RLJ,” said Joe Pizzo, the shareholder who will continue running the operation.
“We think Joe and his team have built a solid franchise and look forward to partnering together. Native Maine has an impressive roster of over 1,000 clients with many relationships that date over 10 years, who value its high level of service as well as its deep and impressive product selection (especially its local New England produce offerings). We are eager to work together to create New England’s top fresh foodservice distributor,” stated SJ Partners CEO Scott Johnson.
“We invest in industry leading companies and Native Maine is a leader in its sector and we are pleased to become its partner and support its future growth,” stated RLJ Equity Partners Managing Director and Chairman of Native Maine, Jerry L. Johnson.
Joining Native Maine as an active board member and Vice Chairman is SJP operating partner John Lunde, the former head of Alliant (and then US Foods) Northeast.
Triangle Capital Corporation provided a senior term loan, revolving line of credit, and equity co-investment.