Represented DF Opco, LLC, a portfolio company of Stradling client Diversis Capital, LLC, in connection with its acquisition of Dari-Farms Ice Cream Co., Inc. (“Dari-Farms”). Diversis Capital, LLC is a Los Angeles-based private equity firm with a focus on carve-outs, standalone deals and special situations in the lower and middle markets. Founded in 1970 and headquartered in Tolland, CT, Dari-Farms is the leading full service Direct Store Delivery house in New England, serving over 5,000 points of distribution via their tri-temp warehouse and distribution platform. Financial terms of the transaction were not disclosed. Read the press release.
The Stradling team representing Diversis included Amit Singh (SD), Shoshana Zimmerman (SM) and Jon Krane (SM). Dayan Rosen (SM) handled the acquisition financing of the transaction; Joe Haney (NB) advised on real estate matters; Kristin Larson (SB) advised on environmental matters; Karla Kraft (NB) advised on employment matters; Stephen Kong (SM) advised on intellectual property matters; and Ryan Gaglio (NB) advised on tax matters.