PAI Partners, a New York-based private equity firm, acquired Alphia, a Denver, CO-based pet food co-manufacturer, from J.H. Whitney Capital Partners.
The amount of the deal, whose completion is subject to customary closing conditions, including the receipt of certain regulatory approvals, was not disclosed.
With the acquisition, PAI Partners will expand its offerings.
Led by David McLain, CEO and President, Alphia is a manufacturer of dry pet food also providing milling, R&D, innovation, warehousing, transportation, and distribution services. The company has six manufacturing facilities across the U.S. and is the parent company of LANI, an ingredient milling solutions company, and Veracity, a warehousing and logistics provider. Combined, Alphia offers its partners complete farm-to-bowl custom solutions.
J.H. Whitney acquired Alphia’s predecessor, C.J. Foods, Inc., in 2014. Alphia was formed through the merger of American Nutrition, Inc. and C.J. Foods, Inc. in 2020 to create a national pet food manufacturing platform, delivering food safety and value for its customers.
PAI Partners is a private equity firm investing in companies across the globe. It manages c. €25 billion of dedicated buyout funds and, since 1994, has completed 100 investments in 12 countries, representing over €70 billion in transaction value.
FinSMEs
24/08/2023