The Gulf of Paria Group Received an offer for Oregon-based food distribution company

BALTIMORE - Nov. 29, 2018 - PRLog -- The Gulf of Paria Group, a Mergers & Acquisitions Advisory firm, received a non-binding offer via an Indication of Interest (IOI) in June 2016 from one of its Chicago-based Private Equity clients, for the acquisition of an Oregon-based food distribution company.  The Oregon-based company, founded in 1996 and operating out of an 18,000 square foot facility, specializes primarily in packaging, storing, and shipping certain farmed vegetables.  The company saw revenues of $18.6 Million in 2014 and $21 Million in revenues in 2015, but saw a decrease in Cash Flow in the same timeframe from $2 Million in 2014 to $1.4 Million in 2015.

The potential buyer believed that the target company would be a good strategic fit for one of its portfolio companies, a branded frozen fruits and vegetables distributor headquartered in North Carolina, which they acquired in 2014.

As the parties to this intended transaction are covered by Non Disclosure Agreements (NDA) and do not necessarily wish to widely publicize offers that were presented, received, reviewed, considered, and decided upon, their identities have been omitted from this press release.  However, if required for verification purposes, further details regarding this intended transaction may be obtained from The Gulf of Paria Group by contacting them and requesting the details pertaining to the transaction listed under Reference number GOPG102.

About The Gulf of Paria Group.
Founded by Che Hackett, The Gulf of Paria Group is a Mergers & Acquisitions Advisory and Sub-Private Equity firm focused on representing middle market companies involved in a variety of industries such as manufacturing, industrials, consumer goods and services, packaging, food distribution, branded products, business services, technology, pharmaceuticals, biotechnology, logistics, energy production, energy services, and energy distribution, among others. For more information, please visit www.gulfintel.com