Novelty Hill Capital Advises Harbor Foodservice in Acquisition of NW Foodservice
October 21, 2022 – Novelty Hill Capital, a leading middle market consumer investment bank based in Seattle Washington, is pleased to announce that its client, Harbor Foodservice, a subsidiary of Harbor Foods, the Northwest’s top family-owned, independent distributor, has completed its acquisition of NW Foodservice, a broadline foodservice distribution company.
The partnership with NW Foodservice will expand Harbor’s presence in Southwest Washington and Northwest Oregon as it continues to provide the highest level of customer service to its clients.
“Joining forces with the NW Foodservice team represents the perfect addition of like-minded team members driven to provide the highest level of products and service to their customers. Their proven track record in being a local solution to restaurants and convenience stores bolsters Harbor’s efforts to provide a trusted independent local option to the communities we serve”, said Harbor Foodservice President Kevin Pribilsky.
Michael Donaldson, President of NW Foodservice, said, “Joining the Harbor Foodservice team allows us to still be family-owned to still be local, and to still provide the inspired customer service experience that our customers have known and loved for the last 68 years”.
The combined companies will serve more that 4,900 customers across the Pacific Northwest and have more than $1.5 Billion of collective purchasing power.
About Harbor Foods
Founded in 1923, Harbor Foods is dedicated to supporting the local entrepreneurs that provide jobs in their communities, bring convenience to busy lives, and invite us all to experience life around the table. Every day. Recently, Harbor is proud to have received one of the coveted 2022 Washington’s Best Workplaces Awards, as well as one of Washington’s Fastest-growing Private Companies. As the largest independent 4th generation family-owned distributor in the west, Harbor now serves over 8,000 restaurants, convenience stores, independent grocers, and quick-serve restaurants with a wide selection of local and national branded products. For additional information, please visit us at harborfoodservice.com or harborfoods.com.
About NW Foodservice Inc.
NW Foodservice started as a small meat market in 1954, owned by the Reichert family. After four generations in the meat business, Roy Reichert’s son John grew the company in a new direction, moving Reichert’s Meats to Longview/Kelso from Chehalis, WA, creating NW Deli Distribution. The company grew into a broadline distributor supplying various products to a broad range of customers, from restaurants, pubs, and schools to convenience stores, daycares, and delis.
About Novelty Hill Capital LLC
Novelty Hill Capital is a leading middle market investment bank and financial advisory firm with expertise in mergers and acquisitions, raising capital and evaluating strategic alternatives. Our team possesses decades of combined experience leading successful M&A and investment processes for prominent privately held companies and industry pioneers throughout the entire consumer and technology value chains.
