Press Room

A&M Capital Partners is Pleased to Announce GS Foods’ Acquisition of Thurston Foods, Expanding and Strengthening Operations

GS Foods Group, a leading specialized food distributor owned by affiliates of A&M Capital Partners and Highview Capital, acquired Thurston Foods, a full-service food distributor based in Wallingford, Connecticut.

Established in 1947, Thurston Foods is a family-owned full-service distributor inventorying over 7,500 items to serve diverse segments of the foodservice industry including schools, hospitals, health care facilities, restaurants and more. Thurston Foods’ current service areas include Connecticut, Massachusetts, Rhode Island, New York, New Jersey, Maine, Vermont and New Hampshire. 

With more than 50 years of industry experience, GS Foods encompasses a family of specialized foodservice companies that provide trusted food distribution and product solutions nationwide. GS Foods’ acquisition of Thurston Foods will be the Company’s largest to date, significantly expanding their footprint across the Northeastern region to provide more customers with top-notch products in end markets including education, foodservice and retail.

GS Foods is actively seeking add-ons:

  • Focus: Specialty Food Distribution and Food Manufacturing
  • Specific Interest In: K-12, Healthcare, Foodservice, Retail
  • Add-On EBITDA: $1 million + 
  • Geography: United States

About Alvarez & Marsal Capital
Alvarez & Marsal Capital (“AMC”) is a multi-strategy private equity investment firm with over $3 billion in total assets under management across five funds and four investment strategies. The privately-owned firm is led by a highly experienced investment team, which is augmented by its strategic association with Alvarez & Marsal (“A&M”), one of the largest operationally-focused advisory firms in the world. AMC’s business model combines a focus on middle-market private equity investing with the deep operational expertise, industry knowledge and global corporate relationships of A&M, making it a uniquely attractive partner to management teams, corporates and business owners.

About A&M Capital Partners
A&M Capital Partners (“AMCP”) is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America with total assets under management of $1.8 billion. AMCP partners with founders, corporates and management teams, providing the capital and strategic assistance that we believe is required to take businesses to the next level of success. AMCP invests in businesses across a wide range of sectors including Industrial Products, Consumer Products and Services, Healthcare, Business Services and Government Services. Targeted sub-sectors include: Environmental Services, Facility Services, Food & Beverage, Government Services, Human Capital Management, Industrial Services, IT & BPO Services, Marketing Services, Packaging, Specialty Distribution and Transportation & Logistics. 

Ale Amesquita
Director of Business Development