Meal distributor GS Foods explores $1.5-billion sale-sources
- GS Foods Group is exploring a sale that could value the private-equity-owned meal distributor at more than $1.5 billion, including debt, according to people familiar with the matter.
GS Foods generates around $150 million in 12-month earnings before interest, taxes, depreciation and amortization, the sources said. GS Foods provides meals to a range of institutions and companies, including schools, prisons and hospitals. It delivers 6.5 million meals to students each day, according to Highview's website.
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