Advantage Solutions Reports Sale Of Its Collection Of Foodservice Businesses, Most Notably Waypoint, To Prospect Hill Growth Partners, L.P.

Advantage Solutions Inc Class A +13.34%

Advantage Solutions Inc Class A

ADV

21.75

+13.34%

As part of the sale, the foodservice businesses will be combined with KeyImpact Sales & Systems Inc., with Advantage receiving total proceeds of approximately $100 million, which is a combination of mostly cash and an ongoing 7.5% stake in the combined entity.

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