Satori Capital has acquired SunTree Snack Foods, a producer of branded and private-label nuts and dried fruit including roasted and salted nuts, trail mixes, and chocolate and yogurt-covered nuts.
Since 2012, SunTree’s annual revenues have doubled from approximately $50 million to more than $100 million. SunTree’s customers include big-box retailers and national grocery stores. The company is led by David Turner, its founder and chief executive officer. SunTree is headquartered in Phoenix (www.suntreecares.com).
“SunTree is a quintessential Satori portfolio company,” said Sunny Vanderbeck, managing partner of Satori Capital. “It is a rapidly growing business led by a sustainably minded team providing ‘better-for-you’ snacks in an industry with significant tailwinds.”
“We chose Satori Capital as our partner because its long-term perspective and deep operational expertise enable it to build sustainable, industry-leading companies over an extended time horizon,” said Mr. Turner. “Satori’s investment will enhance our ability to continue providing food products to new and current customers from our existing plant, which has enough current capacity to double production.”
Satori Capital invests in US-based companies that have $5 million to $25 million of EBITDA. Sectors of interest include business services; consumer products; e-commerce; financial services; manufacturing; and software/IT/telecom. Satori Capital is based in Dallas (www.satoricapital.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 11-20-15
