Arizona Nutritional Supplements has completed a recapitalization to form a partnership between the founders of the company, Aaron Blunck and Jonathan Pinkus, and Endeavour Capital. After a period of strong growth, the founders of Arizona Nutritional Supplements sought a partner to provide partial liquidity and to facilitate the company’s continued expansion.
Arizona Nutritional Supplements (ANS) provides contract and private label manufacturing and packing services for the vitamins, minerals and supplements industry. The company was founded in 1996 and is based in Chandler, AZ (www.aznutritional.com).
Investment bank Green Manning & Bunch (GMB) served as the exclusive financial advisor to ANS in the transaction. “I was impressed by GMB’s practical advice during the process. The GMB team was able to orchestrate a large marketing process for the company that balanced the needs of the parties that were interested in us with our need to continue to successfully run the business and maintain appropriate relationships with our employees and customers. In the end, the transaction was a win-win for all involved. I couldn’t be more pleased,” said ANS co-founder Jonathan Pinkus.
Endeavour Capital invests from $25 million to $100 million of equity in middle market companies with EBITDA’s of $5 million to $50 million. Sectors of interest include: transportation and logistics; food and consumer; education and training; niche manufacturing; business services; and healthcare. Endeavour is currently investing its fifth fund and has over $1 billion of committed capital. The firm was founded in 1991 and has offices in Portland, Seattle, Denver and Los Angeles (www.endeavourcapital.com).
“We were attracted to ANS’ unparalleled commitment to quality, safety and customer service and attractive customer list. GMB ably presented a compelling investment opportunity that resulted in a partnership of shared vision to create the leading high quality manufacturer of innovative vitamins, minerals and supplements product solutions,” said Mark Dorman, managing director of Endeavour Capital.
Green Manning & Bunch specializes in mergers and acquisitions, private placements of equity and debt, and strategic financial advisory services for middle market companies and has closed transactions totaling more than $17 billion. The firm is based in Denver, CO (www.gmbltd.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 1-24-13