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Corporation
FOOD & BEVERAGES | Wholesale Food Distributors
freshedgefoods.com

About FreshEdge

FreshEdge is a distributor of fresh foods. It distributes fresh produce and specialty foods, including fresh cut to both food service and retail customers throughout the Midwest and Southeast. The company was founded in 2019 and is based in Indianapolis, Indiana.

Headquarters Location

4501 Massachusetts Ave.

Indianapolis, Indiana, 46218,

United States

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Latest FreshEdge News

Monteverde’s Opens Pittsburgh-Area Fresh-Cut Produce Operation

Nov 28, 2022

November 28, 2022 Monteverde’s, a FreshEdge company, announced the grand opening of its fresh cut operation under the Garden Cut banner in its Crafton, Pennsylvania, facility. The facility (near Pittsburgh) consists of newly-added equipment and incorporates the highest level of food safety measures to ensure quality, safe fresh-cut offerings. Monteverde’s joined the FreshEdge family of preeminent fresh food companies in November, 2021. Garden Cut (Pittsburgh) currently provides fresh-cut product to hotels and resorts, healthcare facilities, schools, and restaurants. This FreshEdge investment positions Monteverde’s to expand its current fresh-cut offerings beyond fruit salad and specialty-cut potatoes to additional items, such as fresh-cut vegetables and other value-added offerings. “We are ecstatic to be offering quality fresh-cut products to our customers,” said COO Steve Monteverde. “Along with unmatched flavor, our fresh-cut program mitigates labor challenges and reduces food safety liability in today’s fast paced and complex environment.” About FreshEdge FreshEdge was formed in 2019 through the combination of Get Fresh Produce (founded 1982), Indianapolis Fruit (founded 1947) and Piazza Produce (founded 1970). McCartney Produce (Paris, TN) joined FreshEdge in November 2020 followed by Valley Produce (Knoxville, TN) in June 2021, Vine Line (Grand Rapids, MI) in October 2021, Monteverde’s (Pittsburgh, PA) in November 2021, and City Produce (Fort Walton Beach, FL) in May 2022. Collectively, these leading fresh food distribution companies have nearly 500 years of combined experience serving the grocery and food service industries. FreshEdge includes a collection of Garden Cut branded fresh-cut processing facilities (Bartlett, Fort Walton Beach, Indianapolis, and Pittsburgh), a tomato re-packer, a USDA fresh kitchen (CIBUS Fresh), and two transportation companies. FreshEdge’s fleet resource includes more than 830 trucks domiciling across 25 facilities totaling approximately 795,000 square feet of warehouse space. Today, FreshEdge is one of the largest independent fresh food distributors in the United States and a category leader in providing both the foodservice and retail industries with fruit, vegetables, proteins, fresh grab-n-go offerings, dairy, floral and specialty products.

FreshEdge Acquisitions

6 Acquisitions

FreshEdge acquired 6 companies. Their latest acquisition was City Produce on May 16, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

5/16/2022

$99M

Acquired

1

11/30/2021

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$99M

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10

10/19/2021

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$99M

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10

7/1/2021

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$99M

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10

1/5/2021

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$99M

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10

Date

5/16/2022

11/30/2021

10/19/2021

7/1/2021

1/5/2021

Investment Stage

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

Note

Acquired

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Sources

1

10

10

10

10

FreshEdge Team

2 Team Members

FreshEdge has 2 team members, including current Chief Executive Officer, Steve Grinstead.

Name

Work History

Title

Status

Steve Grinstead

Chief Executive Officer

Current

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Name

Steve Grinstead

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Work History

Title

Chief Executive Officer

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Status

Current

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