News

Meridian Capital Advises Smith & Greene Company in its Sale to Edward Don & Company

11 January 2018

Meridian Capital LLC (“Meridian”) is pleased to announce the acquisition of Smith & Greene Company by Edward Don & Company (“DON”), a portfolio company of Vestar Capital Partners (“Vestar”).  Meridian served as the exclusive financial advisor to Smith & Greene and its shareholders in the transaction with DON.

Smith & Greene, established in 1970 with headquarters in Kent, Washington, is a leading distributor of foodservice equipment and supplies. Over the past 48 years, its deep commitment to its customers and exceptional project execution capabilities have distinguished the Company as a premier supplier to foodservice solutions nationwide.  Smith & Greene will operate as a wholly owned subsidiary of Edward Don & Company and will remain under the leadership team of Brad Smith and Garrett Mullen as Co-Presidents.

“The Meridian team provided us with excellent guidance and support throughout the entire process.  Their ability to capture the key elements of the Smith & Greene story and communicate them to investors proved vital in maximizing our valuation,” commented Garrett Mullen, Co-President of Smith & Greene.  “Brad and I are very excited about the outcome and believe DON and Vestar will be excellent stewards of the culture and legacy we have cultivated over the last several decades.”

Founded in 1921 with headquarters in Woodridge, Illinois, Edward Don & Company is the world’s leading distributor of foodservice equipment and supplies. DON serves national and multi-unit account programs with flexible, customized solutions that meet the needs of both the corporate office and the individual units. As part of the DON family, Smith & Greene will operate as a key presence in the Pacific Northwest.  

“We look forward to adding the resources of the Smith & Greene team in the Pacific Northwest Region,” said Steve Don, CEO of Edward Don & Company. “Smith & Greene has an outstanding reputation and great customer relationships in a very attractive geography.”

Brian Murphy, President and Managing Director of Meridian said, “We are thrilled for Brad and Garrett as well as their team.  Entering the transaction process, it was evident that Smith & Greene offered a unique combination of regional leadership and outstanding customer relationships.  We aimed to develop a highly tailored messaging campaign that highlighted these attributes to the leading investors in the industry.  DON represents the ideal partner that will provide Smith & Greene with the resources for continued growth.”