Silver Oak Completes the Sale of Legacy Farms

Evanston, IL - February 24, 2026 - Silver Oak Services Partners, LLC ("Silver Oak"), a lower-middle market private equity firm focused exclusively on business, healthcare and consumer services companies, announced that it has completed the sale of its portfolio company Legacy Farms ("Legacy" or the "Company") to an agribusiness focused private investor, who has partnered with Legacy based on the Company's leading position in specialty produce distribution, differentiated sourcing capabilities and strong customer relationships, and looks forward to supporting Legacy's continued expansion.

Founded in 2000 and headquartered in Anaheim, CA, Legacy Farms is a leading specialty distributor of fresh fruits and vegetables serving the retail and foodservice channels. The Company offers a comprehensive selection of specialty produce, supporting its customers with reliable sourcing, value-added packing capabilities and consistent, high-quality service across its distribution footprint.

Silver Oak made its original investment in Legacy in March 2017. During Silver Oak's ownership, Legacy completed numerous strategic investments to strengthen and grow the business, including recruiting a professional management team, expanding and modernizing facilities and systems, investing in automation equipment and acquiring and integrating two add-on acquisitions that broadened the Company's customer base, geographic reach and product offering.

"We are proud of the progress that Legacy achieved during our partnership," said Greg Barr, Managing Partner at Silver Oak. "Legacy has built a strong, differentiated platform with meaningful momentum and significant runway ahead. Legacy is well-positioned for its next chapter of growth and we wish Dan Madsen and the team continued success."

Dan Madsen, CEO of Legacy Farms, added, "Silver Oak has been an outstanding partner throughout this journey. Their support and strategic insight helped us strengthen our organization, invest in our people and capabilities and accelerate our growth. We are proud of what we accomplished together and are excited for what lies ahead."

Harris Williams and William Blair acted as financial advisors and Troutman Pepper Locke acted as legal counsel to the sellers.

About Silver Oak Services Partners

Founded in 2005 and based in Evanston, IL, Silver Oak Services Partners is a lower-middle market private equity firm focused on partnering with exceptional management teams to build industry leading business, consumer and healthcare service companies. Silver Oak utilizes a proactive, research-led investment process to identify attractive services sectors and seek out the best potential management teams and investment opportunities. Silver Oak seeks to make control investments in leading service businesses with $15 to $150 million in revenue. The firm is currently investing out of its fourth fund, a $500 million investment vehicle.