St. Petersburg, FL – Latina Boulevard Foods, LLC, a portfolio company of The Anderson Group, LLC, has purchased the assets of Hillcrest Food Service. Formerly a competing Rochester, New York-based foodservice distributor, Hillcrest Food Service specializes in servicing pizzeria customers.
Founded by Joe Lombardo Sr. over 56 years ago, and most recently operated by Joe Sr., Joe Jr. and Paul Lombardo, Hillcrest has built a loyal customer base in the Rochester, New York area. This acquisition will allow Latina to service Hillcrest’s current customers while taking advantage of numerous growth opportunities in Rochester, Syracuse and beyond. The Anderson Group views this transaction as a great opportunity to increase Latina Boulevard Foods’ customer base and add new products to the company’s distribution platform.
Latina Boulevard Foods management recently commented on the acquisition, stating, "We are thrilled to welcome the Lombardo’s to the Latina Boulevard Foods family and build upon Hillcrest’s rich history of innovation and high-quality service. We are looking forward to continuing Latina Boulevard’s expansion in the Western New York market.”
Latina Boulevard Foods operates as two complementary divisions, Latina Food Service and Boulevard Produce, which collectively distribute specialty food products to casual dining, independent pizzeria, institutional and retail markets in Western New York. Since 1954, Latina Boulevard Foods has provided its customers with fresh produce, chicken wings, specialty meats, premium cheeses, tomato products, flour and related pizza ingredients while focusing on achieving superior customer service.
About The Anderson Group
Founded in 1985, The Anderson Group is an operationally-oriented private equity investment firm focused on acquiring control positions in companies at the lower end of the middle market. Senior professionals at Anderson each have between twenty and thirty years of operational experience in various businesses and industries. Anderson specializes in three types of transactions: turnaround opportunities, special situation investments and recapitalizations. Though Anderson does not have a specific industry focus, it typically acquires businesses in the niche manufacturing, distribution or service industries. The Anderson Group is not an institutional fund; rather, it invests its own committed pool of capital. As such, Anderson is able to avoid investment approval processes, mandates and holding periods. Thus, Anderson can offer a faster approval/transaction process, certainty to close, flexibility in equity ownership and an ability to invest throughout the capital structure that other firms and funds often cannot. For more information about The Anderson Group, please visit www.andersongroup.com.