Harris Williams & Co. Advises Country Pure Foods in Its Sale to Mistral Equity Partners
August 23 2010 - 12:41PM
Business Wire
Harris Williams & Co. is pleased to announce the sale of
Country Pure Foods, a portfolio company of First Atlantic Capital
and DN Partners, to Mistral Equity Partners. Harris Williams &
Co. acted as the exclusive advisor to Country Pure Foods. The
transaction was led by Glenn Gurtcheff, Tim Alexander, Jeffrey
Cleveland and Ryan Budlong from the firm’s Minneapolis office.
“Country Pure Foods has an extraordinary track record of
providing premium quality juice to blue-chip customers in the
institutional foodservice, retail, and co-packing markets. With the
industry’s broadest product portfolio and the infrastructure
required to service national foodservice accounts, the company has
established a leading market position for which to continue
generating profitable growth,” said Tim Alexander, director at
Harris Williams & Co. “The transaction represents a tremendous
outcome for all parties involved and is indicative of the strong
buyer demand for the stable long term growth dynamics of the food
and beverage sector. We look forward to closely watching the
continued success of Country Pure Foods in its new partnership with
Mistral Equity Partners,” added Glenn Gurtcheff, managing director
at Harris Williams & Co.
Country Pure Foods is one of the largest independent producers
and distributors of premium quality juices in the United States.
The company’s broad product line and geographically diverse
facility base have enabled it to service a diverse customer base in
the institutional foodservice, retail and co-packing end
markets.
First Atlantic Capital, Ltd. is a New York City-based private
equity investment firm with a focus on the plastics and packaging,
branded foods, food processing, industrial and consumer goods, as
well as business services industries. Founded in 1989, the firm
partners with management teams to execute growth-oriented
investment strategies, utilizing its extensive consulting heritage
and operational expertise.
DN Partners LLC is a Chicago-based private equity firm that
manages committed capital funds on behalf of institutional and high
net worth investors. The firm, through its managed funds, invests
in lower-middle market companies generally based in
the Midwest with enterprise values typically ranging from
$10 million to $100 million. The firm specializes in partnering
with management teams to facilitate corporate spin-offs, family
succession transactions, recapitalizations, buy and build
strategies and management buyouts.
Mistral Equity Partners is a private equity firm comprised of
highly experienced investment professionals and seasoned industry
executives. The firm specializes in the consumer, retail, and
consumer-focused media sectors, and is especially attracted to
businesses that are supported by strong demographic trends and
fundamental changes in consumer preferences. Mistral’s principals
have a long history of working together and identifying successful
investment opportunities with these characteristics.
Harris Williams & Co. (www.harriswilliams.com), a member of
The PNC Financial Services Group, Inc. (NYSE:PNC), is the premier
middle market advisor with a two-decade legacy of sell side
excellence serving clients worldwide. The firm is focused
exclusively on the middle market providing sell side and
acquisition advisory, restructuring advisory, board advisory,
private placements, and capital markets advisory services.
Investment banking services are provided by Harris Williams LLC,
a registered broker-dealer and member of FINRA and SIPC, and Harris
Williams & Co. Ltd, an Appointed Representative of Sturgeon
Ventures LLP, which is authorised and regulated by the Financial
Services Authority. Harris Williams & Co. is a trade name under
which Harris Williams LLC and Harris Williams & Co. Ltd conduct
business in the U.S. and Europe, respectively.
For general release inquiries, please contact Kimberly Baker,
marketing director, at +1 (804) 648-0072.
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