Encore Consumer Capital Exits Juice Tyme

Encore Consumer Capital Exits Juice Tyme

juice tyme nfEncore Consumer Capital has completed the sale of its portfolio company, Juice Tyme, a manufacturer and marketer of shelf-stable, bag-in-box juice and beverage concentrates, to Highlander Partners.

Juice Tyme provides shelf-stable, bag-in-box concentrates across an array of beverages to various foodservice markets including restaurants, bars, healthcare and school cafeterias. Juice Tyme’s concentrates include classic juice beverages, fortified juices, enhanced waters, sports drinks, energy drinks, teas and cocktail mixers. The company was founded in 1980 and is based in Chicago (www.juicetyme.com).

Encore Consumer Capital invests exclusively in consumer products companies that have revenues between $10 million and $100 million and where it can utilize its own consumer experience and the expertise of its operating partners at Encore Associates, a strategic advisory firm to the consumer products industry. Encore Consumer Capital was founded in 2005 and is headquartered in San Francisco (www.encoreconsumercapital.com).

“All of us at Juice Tyme appreciate the partnership and support we have received from Encore during the last seven years. As a family owned business, we had concerns about our transition to private equity, but Encore helped make it a very smooth and positive process,” said Juice Tyme CEO Philip Scott. “Over the years, they have helped us with strategy, marketing, financial and personnel issues. Encore always encouraged our management team to make the right long term decision for Juice Tyme and our customers, and this has allowed our company to continue to grow and prosper. We will miss our day-to-day relationship with Encore.”

Highlander Partners makes investments in middle market businesses in targeted industries in which the principals of the firm have significant operating and investing experience. Sectors of interest include healthcare, basic manufacturing, food, and building materials. The firm has over $500 million in capital under management and is based in Dallas (www.highlander-partners.com).

“This is a bittersweet day for Encore. We are pleased with the successful exit of Juice Tyme and feel that Highlander will be a great partner to carry the company forward. However, we will miss working with Juice Tyme’s talented and dedicated management team,” said Scott Sellers, Managing Director of Encore Consumer Capital. “It has been a pleasure working with them as they led the company through significant growth, two dividend recapitalizations and an expansion of the company’s manufacturing facility.”

Piper Jaffray & Co. acted as financial advisor for Juice Tyme.

© 2013 PEPD • Private Equity’s Leading News Magazine • 8-19-13

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