An affiliate of private equity firm H.I.G. Capital LLC paid an undisclosed sum to acquire stakes in Lipari Foods Operating Co. LLC. in partnership with the company's founding family and management team.
The sellers were majority shareholder Sterling Investment Partners and other stockholders.
Warren, Mich.-based Lipari supplies perimeter-of-the-store, specialty and branded food products, including deli, bakery, dairy, specialty retail, seafood, packaging, confections, ethnic and organic categories. It serves more than 6,300 customers within and outside the U.S. Midwest.