FreshEdge, a family of grocery and specialty companies supported by Rotunda Capital Partners, acquired Monteverde’s, a fresh produce retailer based near Pittsburgh, Pennsylvania. Monteverde’s operates from a 61,500 square foot facility.
The expansion further expands FreshEdge’s presence in the eastern United States, providing space and logistical support to better serve its growing customer base. Monteverde’s joins a growing alliance that includes Piazza Produce & Specialty Foods, Indianapolis Fruit, Get Fresh Produce, McCartney Produce, Leonardo’s Produce, Valley Produce, Vine Line, Garden Cut, CIBUS Fresh and Papania’s.
FreshEdge now operates with 1,775 employees, approximately 731,500 square feet of warehouse space, and a fleet of more than 670 trucks.
“We welcome Steve Monteverde and his dedicated team to the FreshEdge family of companies,” said Steve Grinstead, CEO of FreshEdge. “Monteverde’s will be a great addition to our growing group of best in class fresh food distributors.”
The terms of the transaction, which closed on November 30, 2021, were not disclosed. The transaction strengthens the combined company’s presence in western Pennsylvania and the tri-state region that includes Ohio and West Virginia.
“We are excited to have this great company join FreshEdge and look forward to continuing Monteverde’s Tradition of Excellence,” said Greg Corsaro, President and COO of FreshEdge.
“By joining FreshEdge, Monteverde can continue to be managed locally while benefiting from multi-regional sales advantages and national sourcing opportunities,” said Steve Monteverde, fourth generation owner.
Steve Monteverde, the Monteverde family and Monteverde President Gloria Garofalo will continue to lead the company.
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