Tampa, FL – Capstone Partners LLC (“Capstone”), a leading investment banking firm, announced that it successfully advised Global Organic Specialty Source (“Global”) on its acquisition by Albert’s Organics (“Albert’s”), a wholly-owned subsidiary of United Natural Foods, Inc. (“UNFI”). Terms of the deal were not disclosed.
Founded in 1999 with primary operations located in Sarasota, Florida, Global is a premier distributor of organic produce in the Southeast United States. Over the past sixteen years, the founder, Mitch Blumenthal, built an impressive distribution company essentially from scratch. The company now sources products from over 200 farms and offers more than 350 different items.
Founded in 1982, Albert’s is a leading distributor of organic produce and perishables throughout the United States. From their seven distribution centers, they are able to serve approximately 7,000 stores in North America. The acquisition of Global will expand Albert’s distribution presence in Florida, enhance relationships with customers and strengthen their strategic focus in the perishable sector.