“Our investment in Highline represents Peak Rock’s continued commitment to identifying and partnering with market-leading consumer businesses that have the potential to outperform through investments in growth,” said Steve Martinez, President and Managing Director of Peak Rock Capital. “We look forward to supporting Highline and its employees, as the company continues to uphold its established tradition of quality and customer service.”
Highline Produce is a producer and distributor of mushrooms. The company operates four production facilities and a distribution center, where it produces, packages, and distributes varieties of fresh white, mini bella, portobella, and exotic mushrooms for the retail and food service end markets. Highline was founded in 1961 and today is one of the largest mushroom growers in Canada. The company is headquartered south of Windsor in Leamington, Ontario (www.highlinemushrooms.com).
“We are excited to partner with Peak Rock and look forward to drawing on the firm’s expertise as we increase the company’s capabilities and seek to realize its growth potential,” said Glenn Martin, CEO of Highline. “We are thrilled to have access to the resources necessary to support our ongoing success, particularly as we pursue new product development.”
Peak Rock Capital makes debt and equity investments of $20 million to $150 million in middle market companies with revenues from $50 million to $1 billion and enterprise values from $25 million to $500 million. Sectors of interest include business and commercial services; consumer; distribution and logistics; energy and related services; healthcare; industrials; manufacturing, metals, and media. The firm is based in Austin (www.peakrockcapital.com).
2014 PEPD • Private Equity’s Leading News Magazine • 11-12-14