Bahrain’s Investcorp acquires majority stake in US-based Sunrise Produce

  • Date: 07-Nov-2022
  • Source: GCC Business News
  • Sector:Technology
  • Country:Bahrain
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Bahrain’s Investcorp acquires majority stake in US-based Sunrise Produce

Bahrain-based global alternative asset manager, Investcorp has acquired a majority stake in Sunrise Produce, a leading specialty distributor of high-quality fresh produce and gourmet products in the United States.

Following this transaction, Investcorp will partner with Sunrise to further accelerate the Company’s growth potential both organically and inorganically through add-on acquisitions.

Founded in 1991, Sunrise is well-positioned as a critical link between suppliers and customers, sourcing a wide range of the freshest high-quality produce and gourmet products from over 400 suppliers and distributing to customers across a variety of sectors, such as food services, education, healthcare and retail.

Tarek AlMahjoub Head

Private Wealth

UAE & Oman “Our latest acquisition of Sunrise Produce continues our philosophy of supporting innovative and sustainable businesses in seeking to realize their ambitions and potential industry-leading growth. Taking a majority stake in Sunrise Produce continues our successful history of investment in the specialty distribution space.”

“Fresh produce distribution in the US is a highly fragmented, $70 billion market that has consistently shown resilience throughout economic cycles. David and the Sunrise team have built a special, passionate culture that consistently delivers outstanding service to its customers. Their model and disciplined approach has propelled them to exceptional, industry-leading growth. We look forward to our