Golden State Foods

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Golden State Foods - overview

Established

1947

Location

Irvine, CA, US

Primary Industry

Food

About

Golden State Foods, based in the US, is a leading diversified supplier to the Quick Service Restaurant and retail industries, specializing in the processing and distribution of a wide range of food products. Founded in 1947 in Irvine, US, Golden State Foods (GSF) operates as a diversified supplier primarily for the Quick Service Restaurant sector. The company has maintained its business strategy without any significant pivots. GSF was established through the vision of its founders, who aimed to provide quality food solutions.


The company has consistently expanded its service capabilities and client base, currently supporting major restaurants and retail brands across North America, Europe, Asia, and Australia. The CEO is Anna Colon, with Brian Dick also serving in an executive capacity. Golden State Foods (GSF) is a leading diversified supplier to the Quick Service Restaurant (QSR) and retail industries, offering a comprehensive range of products and services that encompass the processing and distribution of liquid products, meat products, produce, dairy, and more. Their core offerings are designed to meet the needs of both manufacturers and end-users by providing high-quality ingredients and solutions throughout the supply chain.


The company's logistics capabilities ensure the timely delivery of these products, enhancing operational efficiency for clients. GSF's customer base includes iconic restaurants and retail brands across multiple continents, with a significant presence in North America, Europe, Asia, and Australia. This global reach allows GSF to address the diverse demands of various markets, ensuring that fresh and high-quality food products are accessible to consumers worldwide. Golden State Foods generates revenue through business-to-business transactions, primarily catering to the needs of QSRs and retailers.


The company engages in a structured transaction model that includes partnerships with major food brands and direct sales to restaurants and retail chains. GSF’s product offerings, which include proprietary liquid products and dairy solutions, establish a foundation for steady revenue streams. Clients typically procure products through negotiated contracts that outline pricing structures based on volume and specific product types. While individual pricing details are proprietary, GSF’s emphasis on high-quality products positions it favorably within the competitive landscape, ensuring continued demand from its diverse client base across the global food service industry.


In August 2024, Lindsay Goldberg agreed to acquire a majority stake in Golden State Foods. This acquisition enables Lindsay Goldberg to support the company's long-term growth plans. GSF is focusing on designing and launching new products tailored for emerging markets, with specific attention on expanding into Asia and Europe by 2025. The strategic acquisition will facilitate the necessary funding and resources to achieve these developments.


Current Investors

Lindsay Goldberg

Primary Industry

Food

Sub Industries

Non-Alcoholic Beverages, Dairy Products, Meat, Poultry & Seafood Products, Other Food Products, Food & Beverage Distribution

Website

www.goldenstatefoods.com

Verticals

Manufacturing

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Golden State Foods - deals

Deals TypeDeal StatusTarget (s)Deal DateInvestor(s)Seller(s)Deal size (Mn)Enterprise value (Mn)Post-money valuation (Mn)EBITDA multiple (x)Revenue multiple (x)Lead partner (s)
BuyoutCompletedGolden State Foods-
Trade SaleCompletedKan-Pak-
Trade SaleCompletedKan-Pak-

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Golden State Foods - employee data

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