Investment Summary

Heartwood Partners Invests In Bush Brothers

On December 14, 2023, private equity firm Heartwood Partners invested in food company Bush Brothers

Investment Highlights
  • This is Heartwood Partners’ 2nd transaction in the Food sector.
  • This is Heartwood Partners’ 27th transaction in the United States.
  • This is Heartwood Partners’ 1st transaction in Florida.

Investment Summary
Date 2023-12-14
Target Bush Brothers
Sector Food
Investor(s) Heartwood Partners
Deal Type Growth Capital

Target

Bush Brothers

West Palm Beach, Florida, United States
Bush Brothers focuses on high-end, center-of-the-plate offerings across several protein categories, including beef, poultry, lamb, pork, and wild game throughout Florida, as well as export service to the Caribbean and Central and South America. Bush Brothers was formed in 1925 and is based in West Palm Beach, Florida.

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Investor(S) 1

Investor

Heartwood Partners

Norwalk, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1982
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Heartwood Partners is a private equity firm focused on partnerships with middle-market companies across the US. The Firm prefers to invest in family owned and managed companies where it can leverage strategic resources for long-term growth. Target companies are typically profitable with $5 to $30 million of EBITDA with up to $400 million in revenue. Sectors of interest include agriculture, automotive, consumer products, distribution, food, industrial services, niche manufacturing, packaging, and chemicals. Heartwood Partners was formed in 1982 and is headquartered in Norwalk, Connecticut.

DEAL STATS #
Overall 27 of 29
Sector (Food) 2 of 2
Type (Growth Capital) 10 of 11
State (Florida) 1 of 2
Country (United States) 27 of 29
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-26 Somafina Nutraceutical Builders

Atlanta, Georgia, United States

Somafina Nutraceutical Builders is a full-service nutraceutical manufacturer and brand builder dedicated to science-based production of the latest natural supplements. Somafina Nutraceutical Builders is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-20 High Bar Brands

Owatonna, Minnesota, United States

High Bar Brands is a manufacturer and distributor of branded heavy-duty truck aftermarket accessories. Its products include fenders, brackets, floor mats, seats and several other product lines in and on the truck. High Bar Brands prides itself on its ability to leverage numerous marketing activities to reach end users, grow brand awareness and drive sales growth through their extensive distributor network. High Bar Brands was founded in 1984 and is based in Owatonna, Minnesota.

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Mergr

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