|December 29, 2022 – Chicago, IL – LaSalle Capital (“LaSalle”) is pleased to announce the sale of its portfolio company, Fresh Origins (“Fresh Origins” or the “Company”), to an affiliate of Sun Capital Partners, Inc. (“Sun Capital”), a global private equity firm. Fresh Origins, headquartered in San Marcos, CA, is a leading grower and shipper of microgreens and edible flowers, serving over 350 foodservice distributors, restaurants and retailers nationally. Terms of the private transaction were not disclosed.
Fresh Origins’ CEO, Norma St. Amant, will continue to lead the Company in its next phase of growth. Under LaSalle’s ownership, Fresh Origins strengthened its senior management team, further expanded its leading position in the foodservice market and successfully entered the retail channel, more than doubling sales and tripling earnings over its 4.5-year investment period. Ms. St. Amant stated, “LaSalle provided strategic support, marketing knowledge and capital resources that helped us accelerate our growth plan. We greatly valued the partnership and expertise that allowed our management team to execute at a higher level.”
Jeff Walters, Partner at LaSalle Capital, commented, “It has been a pleasure working with Norma and her team and assisting Fresh Origins in its continued evolution as the leader in the microgreens industry.” Kelly Cornelis, Partner at LaSalle Capital, added, “The management team did an excellent job scaling the business and skillfully navigating through a challenging economic environment. We wish the team continued success moving forward.”
If you have any questions regarding this transaction or would like to discuss opportunities in the food & beverage industry, please contact Jeff Walters, Kelly Cornelis, David Murav or Andrew Dzwonchyk of LaSalle Capital at (312) 236-7041.
LaSalle Capital is a leading private equity firm with experience in the lower middle market, managing over $500 million in capital across several investment funds. LaSalle has a proven track record of partnering with management teams to increase value in our companies by providing a strategic operating focus and driving growth organically and through acquisitions. We have domain expertise and investment focus in the food and beverage ecosystem.