M&A Deal Summary

Brynwood Partners Acquires Harvest Hill Beverage

On July 2, 2014, private equity firm Brynwood Partners acquired beverage company Harvest Hill Beverage from Nestle USA

Acquisition Highlights
  • This is Brynwood Partners’ 1st transaction in the Beverages sector.
  • This is Brynwood Partners’ 17th transaction in the United States.
  • This is Brynwood Partners’ 4th transaction in Connecticut.

M&A Deal Summary
Date 2014-07-02
Target Harvest Hill Beverage
Sector Beverages
Buyer(s) Brynwood Partners
Sellers(s) Nestle USA
Deal Type Divestiture

Target

Harvest Hill Beverage

Stamford, Connecticut, United States
website
Harvest Hill Beverage Company is the manufacturer and marketer of the Juicy Juice™, SunnyD®, Veryfine®, Fruit2O®, Hug®, Big Burst®, Guzzler® 100% juice, juice drinks and flavored water brands, as well as the Daily's® Cocktails brand and the Nutrament® nutritional energy drink brand. Harvest Hill Beverage Co. is based in Stamford, Connecticut.

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Buyer(S) 1

Buyer

Brynwood Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1984
PE ASSETS 2.4B USD
Size Large
Type Sector Focused
DESCRIPTION

Brynwood Partners is a private equity firm that makes control investments in lower mid-market companies. The Firm has a preference for companies that are underperforming and/or undervalued, failed leveraged buy-outs or businesses that are under-financed and in need of an equity infusion. Target sectors include consumer products, light manufacturing in low capital intensive industries, service businesses and specialty retail companies. The Firm looks for opportunities valued between $50 and $500 million. Brynwood was formed in 1984 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 18 of 24
Sector (Beverages) 1 of 3
Type (Divestiture) 8 of 11
State (Connecticut) 4 of 5
Country (United States) 17 of 23
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-06 Joseph s Gourmet Pasta

Haverhill, Massachusetts, United States

Joseph's Gourmet Pasta is a manufacturer and marketer of premium frozen stuffed pasta for independent restaurants and national chains and the foodservice, retail and industrial channels. Joseph's Gourmet Pasta was founded in 1991 and is based in Haverhill, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-15 IJS Global

Stamford, Connecticut, United States

International air-freight forwarder and customs broker

Sell -

Seller(S) 1

SELLER

Nestle USA

Glendale, California, United States

website

Category Company
Founded 1990
Sector Food
DESCRIPTION

Nestlé USA makes delicious, convenient and nutritious food and beverage products that make good living possible.

DEAL STATS #
Overall 3 of 5
Sector (Beverages) 2 of 3
Type (Divestiture) 2 of 4
State (Connecticut) 1 of 2
Country (United States) 3 of 5
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-24 Turtles Brand

United States

DeMet’s Candy in 2007 acquired the Turtles brand in the U.S. from Nestle USA, Inc.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-07 Sweet Earth

Moss Landing, California, United States

Sweet Earth, Inc. (dba Sweet Earth Natural Foods) is a plant based foods manufacturer. Sweet Earth frozen meals, burritos, breakfast sandwiches, and chilled plant-based burgers and proteins are sold in more than 10,000 stores, including independent natural grocers, Whole Foods, Target, Kroger and Walmart. Sweet Earth, Inc. was founded in 1978 and is based in Moss Landing, California.

Buy -
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