Irvine-based Golden State Foods sells majority stake to private equity firm

Irvine-based Golden State Foods, a behemoth distributor to fast-food chains, is selling a controlling interest in the longtime family-run business to Lindsay Goldberg, a private equity investment firm based in New York.

Neither company disclosed how much that stake was worth.

Forbes estimated GSF revenue in 2022 was $5.1 billion. The privately held Lindsay Goldberg, founded by Alan Goldberg and Robert Lindsay, says it has assets under management worth $17 billion.

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