Novelty Hill Capital Advises Harbor Foodservice in Acquisition of NW Foodservice
October 21, 2022: Novelty Hill Capital, a Seattle-based middle-market consumer investment bank, is pleased to announce that its client, Harbor Foodservice, has acquired NW Foodservice.
Harbor Foodservice operates as a subsidiary of Harbor Foods, the Northwest’s largest family-owned independent food distributor. Through this acquisition, Harbor expands its presence in Southwest Washington and Northwest Oregon. As a result, the company can serve more customers while maintaining its commitment to exceptional service.
“Joining forces with the NW Foodservice team brings together like-minded professionals who share our commitment to outstanding products and customer service,” said Harbor Foodservice President Kevin Pribilsky. “Their strong reputation as a trusted local partner for restaurants and convenience stores strengthens Harbor’s ability to serve the communities we support.”
Michael Donaldson, President of NW Foodservice, added, “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”.
Together, Harbor Foodservice and NW Foodservice will serve more than 4,900 customers throughout the Pacific Northwest. In addition, the combined organization will have more than $1.5 billion in purchasing power.
About Harbor Foods
Harbor Foods was founded in 1923 with a mission to support local entrepreneurs and the communities they serve. The company helps restaurants, convenience stores, grocers, and other businesses thrive while creating meaningful connections around the table.
Recently, Harbor earned recognition as one of Washington’s Best Workplaces and one of Washington’s Fastest-Growing Private Companies. Today, the fourth-generation family-owned company serves more than 8,000 customers throughout the western United States. Its product portfolio includes a broad selection of local and national brands.
For more information, visit harborfoodservice.com or harborfoods.com.
About NW Foodservice Inc.
NW Foodservice began as a small meat market in 1954 under the ownership of the Reichert family. After four generations in the meat industry, John Reichert expanded the business and relocated operations from Chehalis to the Longview-Kelso area. He then established NW Deli Distribution.
Over time, the company grew into a full-service broadline distributor. Today, it supplies restaurants, pubs, schools, convenience stores, daycares, and delis throughout the region.
About Novelty Hill Capital
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.
