Gauge Capital has acquired a majority equity interest in American Nuts in partnership with the company’s senior management team which is retaining an ownership interest in the company.
American Nuts is a value-added supplier and processor of nuts, seeds, and dried fruit to the bulk retail, portion control retail, and the industrial and foodservice ingredient markets. In addition to its sourcing operations, the company also provides custom roasting, seasoning, and packaging services to numerous retail and industrial food customers.
American Nuts distributes its products throughout the United States and internationally, exporting to Canada, Mexico, Europe and the Middle East. The company was founded in 1988 and is headquartered near Los Angeles in Sylmar, CA (www.americannuts.com).
“American Nuts represents a unique and differentiated food ingredient platform that we believe is poised for future growth. We are thrilled to be partnering with a management team that has deep capabilities in sourcing, sales, and operations,” said Drew Johnson, Partner at Gauge.
Gauge Capital invests from $10 million to $40 million in North American-based companies that have $5 million to $30 million of EBITDA. Typical transaction types include buy-outs, recapitalizations, divestitures, privatizations, consolidations, and growth capital investments. Sectors of interest include healthcare services, business services, consumer and food. The firm will consider both majority and minority investments. Gauge Capital is based near Dallas in Southlake, TX (www.gaugecapital.com).
“We were highly deliberate about our selection of a partner,” said President and CEO Duncan Lavery. “We are excited to work with Gauge as we expand our business, capabilities, and customers.”
“We believe Gauge provides the right package of partnership and experience for our company,” said Gary Eshgian, Founder of American Nuts. “There is a tremendous opportunity for the company going forward that we look forward to capturing together.”
© 2018 Private Equity Professional | April 18, 2018