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HIG Capital has completed the sale of speciality food distributor, Lipari Foods, to an investor group led by Littlejohn & Co. The Lipari family, management, HIG Capital and Sterling Investment Partners remain minority investors in the company. Headquartered in Warren, Michigan, Lipari is a food distributor, importer and manufacturer supplying independent and speciality grocers, as well as national chains and convenience stores. CEO Thom Lipari said: “HIG has been an outstanding partner to Lipari Foods since their initial investment in 2019. As a result of our work together with HIG, Lipari Foods is larger, stronger and more diversified today than it was four years ago.” He added: “We are excited to partner with Littlejohn to support Lipari Foods’ next phase of growth, and are thrilled HIG will remain a minority investor, highlighting their conviction in our long-term growth opportunities”. Steven Kalter, managing director of Littlejohn, commented: “Under Thom’s leadership, Lipari has executed a number of strategic acquisitions that have positioned the company as a preeminent pure-play speciality food distribution platform in a highly fragmented sector. We look forward to building on Lipari’s strong market position and accelerating its acquisition programme as it seeks to become the partner of choice to food retailers nationwide.” The financial terms of the deal were not disclosed.