Azalea Capital is looking to invest in pet product companies engaged in branded, private label manufacturing or distribution, as well as pet care service companies. The firm is working with an accomplished pet industry executive to execute this investment strategy.
Within the pet products industry, subsectors of specific interest include pet food, treats and chews, wholesale suppliers, and veterinary supplies. On the services side, Azalea has an interest in animal hospitals and emergency clinics, health solutions, and pet boarding.
Azalea Capital invests in middle market companies that have minimum annual revenues of $10 million and EBITDAs of $2 million to $10 million that are located in the Southeastern US. Industries of interest include manufacturing, business services, consumer products, pet products and services, value-added distribution, and healthcare. The firm is currently investing out of it third fund, Azalea Fund III, LP. Azalea Capital was founded in 1996 and is headquartered in Greenville, SC (www.azaleacapital.com).
Ben Wallace, a vice president at Azalea, is responsible for reviewing acquisition candidates. You can contact Mr. Wallace at ben@azaleacapital.com.
© 2013 PEPD • Private Equity’s Leading News Magazine • 7-24-13
