Alston & Bird client Ridgemont Equity Partners, a middle market private equity investor, announced the recapitalization of Worldwide Produce, a leading distributor of fresh fruits, vegetables, dairy products, and specialty foods to restaurants, foodservice customers, and grocery stores across the western U.S.
Worldwide Produce’s financial sponsor Sole Source Capital, a private equity firm based in Dallas, will retain a minority stake in Worldwide Produce, in partnership with Ridgemont and Worldwide Produce’s management.
Advising Ridgemont is an Alston & Bird team led by Mark Kelly and Dan Rowe, with support from Claudia Golden, Stephanie Kley, Kyle Navarro, Clayton Armstrong, and Chris Taylor (Corporate & Business Transactions); partner Matthew Wrysinski, counsel Jonathan Forgang, and associate Kyle Brumm (Finance); partners Mike Stevens and Blake MacKay and associate Cremeithius Riggins (Employee Benefits & Executive Compensation); partners John Baron and Danny Reach and senior associate Terence McAllister (Federal & International Tax); partner Chris Gegg and associate Killian Steer (Intellectual Property); partner Brett Coburn and senior associate Kaitlin Owen (Labor & Employment); partner Jason Waite and counsel BJ Shannon (International Trade & Regulatory); partner Amy Mushahwar and senior associate Alysa Austin (Privacy, Cyber & Data Strategy); associate Anderson Kemp (Litigation); partner Cathy Burgess, senior associate Sam Jockel, and associate Krupa Zachariah (FDA/Food, Drug & Device); counsel Troy Doll (Real Estate Finance & Investment); and associate Samantha Skolnick (Government Contracts).