Good Source Solutions, Inc.
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Good Source Solutions, Inc. - overview
Established
1989
Location
Carlsbad, CA, US
Primary Industry
Logistics & Distribution
About
Good Source Solutions, Inc. is an American company specializing in wholesale food service distribution, offering a wide range of food products tailored for sectors like education, healthcare, and corporate dining. Founded in 1989 and headquartered in Carlsbad, US, Good Source Solutions, Inc. focuses on wholesale food distribution.
In June 2018, Highview Capital, along with the management team, acquired the company from Evergreen Pacific Partners. Subsequently, in October 2019, a merger was announced between Good Source Solutions, Inc. and Gold Star Foods, Inc. to create GS Foods Group, Inc.
This strategic move aims to propel the company into a new growth phase. Good Source Solutions specializes in wholesale food service distribution, offering a comprehensive array of food products designed to meet diverse needs across sectors such as K-12 education, healthcare, and the gaming industry. The company focuses on sourcing high-quality food products and exclusive lines that align with client budgets and culinary preferences. Its extensive logistics network operates throughout North and South America, serving a wide customer base that includes schools, hospitals, non-profit organizations, and corporate dining services, providing a variety of menu options and global flavors.
Good Source Solutions generates revenue primarily through B2B transactions, supplying food products to institutional clients and businesses. The firm establishes structured partnerships with educational institutions, healthcare providers, and corporate clients, facilitating bulk orders. The financial arrangements accommodate ongoing partnerships, with pricing plans tailored to client needs, which enhance service experiences across its operational regions. Following the acquisition in June 2018, recent strategic moves aim to support growth initiatives including the merger with Gold Star Foods, Inc.
, which is expected to enhance market presence. The firm is targeting expansion into new geographic regions with a focus on introducing upcoming product lines designed to cater to the growing demand in various sectors. The merger is poised to drive the company towards the next stage of growth, allowing for enhanced capabilities and service offerings.
Primary Industry
Logistics & Distribution
Sub Industries
Food & Beverage Distribution
Website
www.goodsource.com/
Company Stage
Buyout
Total Amount Raised
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Good Source Solutions, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Good Source Solutions, Inc. | - | ||||||||
| Add-on | Completed | Pon Food Corporation | - | ||||||||
| Add-on | Completed | Dori Foods | - | ||||||||
| Secondary Buyout | Completed | Good Source Solutions, Inc. | - | ||||||||
| Buyout | Completed | Good Source Solutions, Inc. | - |
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