IZAR CAPITAL GROUP REPRESENTS
Fruitco
(The Largest Importer of Tropical Stone Fruit Into The USA)
As M&A Advisor In The Significant Investment Made By
Investorco
WASHINGTON, DC (4Q 2022)
Izar Capital Group (“Izar Capital”), a leading specialized middle-market corporate finance advisory firm, is pleased to announce that it acted as exclusive financial advisor to FruitCo (“FruitCo”) in an M&A transaction resulting in a majority acquisition and significant investment by InvestorCo (“InvestorCo”). Additionally, the founders and partners of FruitCo have reinvested significantly into FruitCo to propel growth opportunities over the next 5 to 10 years.
Given the market-leading position of FruitCo and the fragmented nature of the fresh produce market, FruitCo and InvestorCo believe there are meaningful opportunities for market consolidation and product expansion. FruitCo has supplied top-tier retailers nationwide for many years and has built a reputation for quality, consistency and volume reliability, increasingly critical requirements for the nation’s largest produce buyers. FruitCo believes smaller distributors can benefit from FruitCo’s market-leading buyer-intelligence, scope of customer operations and strength with growers.
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Deal Team Contacts
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Paul Hammer JF Scarborough, III
Senior Managing Director Senior Managing Director
[email protected] [email protected]
DCMC Partners (www.dcmcpartners.com)
DCMC is a leader in providing disaster recovery operations support, long-term recovery organization development, strategic advice, hazard mitigation expertise, grants management, and business continuity planning. DCMC and its leadership have managed response and recovery efforts for nearly every historic disaster over the past 25 years.
Izar Capital Group (www.izarcapital.com)
Izar Capital Group, LLC is a middle-market focused, strategic advisory/corporate finance investment bank with expertise in Mergers and Acquisitions (Sellside and Buyside), Joint-Ventures and Partnerships, Private Debt and Equity Capital Advisory, as well as Corporate Strategic Advisory services. Based in Washington, DC and Madrid, Spain, the firm operates globally, and has particular expertise within the U.S., as well as cross-border deals with Spain, Europe and Latin America. Creative problem solving, independent thinking and intellectual rigor are hallmarks of the Izar Capital process. Izar Capital professionals have completed over $18bn of transactions.
FruitCo
FruitCo Network was founded in 2000, is headquartered in the Northeast, and is the largest importer and distributor of stone fruit in the US, with a ~22% market share (double the nearest competitor). FruitCo also distributes 25+ different types of fruit and citrus products. FruitCo’s grower base includes Ecuador, Peru, Mexico, Brazil and Guatemala. FruitCo’s management represents the most experienced team in the industry, averaging 20 years in the sector.
InvestorCo
InvestorCo was founded in 2005 and is based in Illinois, and manages over $1.4bn of assets. InvestorCo is a lower middle market private equity firm focused on partnering with exceptional management teams to build industry leading business, consumer, and healthcare services companies. InvestorCo utilizes a proactive, research-led investment process to identify attractive services sectors and seek out high-quality management teams and investment opportunities.
Izar Capital Group (“Izar Capital”), a leading specialized middle-market corporate finance advisory firm, is pleased to announce that it acted as exclusive financial advisor to FruitCo (“FruitCo”) in an M&A transaction resulting in a majority acquisition and significant investment by InvestorCo (“InvestorCo”). Additionally, the founders and partners of FruitCo have reinvested significantly into FruitCo to propel growth opportunities over the next 5 to 10 years.
Given the market-leading position of FruitCo and the fragmented nature of the fresh produce market, FruitCo and InvestorCo believe there are meaningful opportunities for market consolidation and product expansion. FruitCo has supplied top-tier retailers nationwide for many years and has built a reputation for quality, consistency and volume reliability, increasingly critical requirements for the nation’s largest produce buyers. FruitCo believes smaller distributors can benefit from FruitCo’s market-leading buyer-intelligence, scope of customer operations and strength with growers.
==============================================
Deal Team Contacts
==============================================
Paul Hammer JF Scarborough, III
Senior Managing Director Senior Managing Director
[email protected] [email protected]
DCMC Partners (www.dcmcpartners.com)
DCMC is a leader in providing disaster recovery operations support, long-term recovery organization development, strategic advice, hazard mitigation expertise, grants management, and business continuity planning. DCMC and its leadership have managed response and recovery efforts for nearly every historic disaster over the past 25 years.
Izar Capital Group (www.izarcapital.com)
Izar Capital Group, LLC is a middle-market focused, strategic advisory/corporate finance investment bank with expertise in Mergers and Acquisitions (Sellside and Buyside), Joint-Ventures and Partnerships, Private Debt and Equity Capital Advisory, as well as Corporate Strategic Advisory services. Based in Washington, DC and Madrid, Spain, the firm operates globally, and has particular expertise within the U.S., as well as cross-border deals with Spain, Europe and Latin America. Creative problem solving, independent thinking and intellectual rigor are hallmarks of the Izar Capital process. Izar Capital professionals have completed over $18bn of transactions.
FruitCo
FruitCo Network was founded in 2000, is headquartered in the Northeast, and is the largest importer and distributor of stone fruit in the US, with a ~22% market share (double the nearest competitor). FruitCo also distributes 25+ different types of fruit and citrus products. FruitCo’s grower base includes Ecuador, Peru, Mexico, Brazil and Guatemala. FruitCo’s management represents the most experienced team in the industry, averaging 20 years in the sector.
InvestorCo
InvestorCo was founded in 2005 and is based in Illinois, and manages over $1.4bn of assets. InvestorCo is a lower middle market private equity firm focused on partnering with exceptional management teams to build industry leading business, consumer, and healthcare services companies. InvestorCo utilizes a proactive, research-led investment process to identify attractive services sectors and seek out high-quality management teams and investment opportunities.