PBC Announces Investment in Harold Levinson Associates

October 3, 2014

Announces Investment in Harold Levinson Associates

WEST PALM BEACH, FL – October 3, 2014 – Palm Beach Capital Fund III, L.P., through one of its investment entities, announced today that it has closed on its investment in Harold Levinson Associates, one of the nation’s largest full-line distributors to convenience stores and tobacco shops. The pending transaction was originally disclosed in September. Financial terms were not disclosed.

About Harold Levinson Associates

Founded in 1977, Harold Levinson Associates is a leading distributor to the convenience store industry and provides candy, cigarettes and cigars, and frozen and refrigerated foods, as well as its own Island Coffee brand of coffee products to its over 12,500 customers located throughout the United States. Currently ranked as the 5th largest wholesaler to the convenience store industry, the company services its customers from six strategic distribution centers located in New York, Massachusetts, Connecticut, New Jersey and Pennsylvania. For more information, please visit the company’s website at www.hladist.com.

About Palm Beach Capital

Founded in 2001, Palm Beach Capital is a private equity investment firm that partners with management teams in middle market recapitalizations and growth equity investments. With offices in both West Palm Beach and Tampa, Florida, the firm focuses on high growth investment opportunities. Since its inception, Palm Beach Capital has made investments in 41 companies. For more information, please visit the firm’s website at www.pbcap.com.

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