New York, September 9, 2011: Chestnut Hill Partners, LLC (“CHP”), a boutique investment bank specializing in middle market M&A originations and co-investing with our private equity clients, is pleased to announce the successful closing of two recent middle market M&A transactions, including one developed through the CHP Targeted Search Program.
Chestnut Hill Partners originated the acquisition of Contessa Premium Foods, Inc. (“Contessa”), a leading U.S. processor and distributor of premium seafood and frozen bagged convenience meals, by an affiliate of Sun Capital Partners, Inc. (“Sun Capital”), a private investment firm based in Boca Raton, Florida with over $8 billion in capital under management. CHP worked closely with Sun Capital to craft a Targeted Search in the seafood processing industry, leading to this successfully closed transaction.
In another CHP originated transaction, The Berry Family of Nurseries (“BFN”), a family owned and operated company and one of the nation’s largest wholesale growers of ornamental plants with locations across the United States, sold a majority interest to Insight Equity Holdings LLC, a Dallas-based private equity firm. The successful sale transaction was also able to effect a family and generational succession for the Berry family.
Paul L. Schaye, Founding Partner & Managing Director of Chestnut Hill Partners, commenting on the closings, said “We have seen increasing momentum across the middle market M&A landscape during 2011, a welcome change from the past couple years. Buyers and sellers are engaged and we’re getting deals done, the market has turned the corner. We expect this momentum to continue through 4Q2011 and set the stage for a strong 2012.”
Ryan Orner, Managing Director of Chestnut Hill Partners who also leads the firm’s Targeted Search efforts, added “After a challenging period in the market, we have experienced significantly higher activity levels this last 12 months culminating in a number of closed transactions, including successful targeted search, further demonstrating the advantages of CHP’s proprietary tool set and capabilities.
About Chestnut Hill Partners Chestnut Hill Partners is an investment banking boutique specializing in merger and acquisition originations and co-investing with private equity investors. CHP is recognized as a leader in providing introductory and advisory services to small and medium size firms and in bringing together buyers and sellers in successful transactions that are mutually beneficial.
Further information is available at www.chestnuthillpartners.com.
Paul L. Schaye
Founding Partner & Managing Director
Chestnut Hill Partners, LLC
245 Park Avenue, 41st Floor
New York, New York 10167