Harris Williams & Co. Advises Country Pure Foods in its Sale to Mistral Equity Partners

August 23, 2010

Harris Williams & Co. is pleased to announce the sale of Country Pure Foods, a portfolio company of First Atlantic Capital and DN Partners, to Mistral Equity Partners. Harris Williams & Co. acted as the exclusive advisor to Country Pure Foods. The transaction was led by Glenn Gurtcheff, Tim Alexander, Jeffrey Cleveland and Ryan Budlong from the firm's Minneapolis office.

"Country Pure Foods has an extraordinary track record of providing premium quality juice to blue-chip customers in the institutional foodservice, retail, and co-packing markets. With the industry's broadest product portfolio and the infrastructure required to service national foodservice accounts, the company has established a leading market position for which to continue generating profitable growth," said Tim Alexander, director at Harris Williams & Co. "The transaction represents a tremendous outcome for all parties involved and is indicative of the strong buyer demand for the stable long term growth dynamics of the food and beverage sector. We look forward to closely watching the continued success of Country Pure Foods in its new partnership with Mistral Equity Partners," added Glenn Gurtcheff, managing director at Harris Williams & Co.

Country Pure Foods is one of the largest independent producers and distributors of premium quality juices in the United States. The company's broad product line and geographically diverse facility base have enabled it to service a diverse customer base in the institutional foodservice, retail and co-packing end markets.

First Atlantic Capital, Ltd. is a New York City-based private equity investment firm with a focus on the plastics and packaging, branded foods, food processing, industrial and consumer goods, as well as business services industries. Founded in 1989, the firm partners with management teams to execute growth-oriented investment strategies, utilizing its extensive consulting heritage and operational expertise.

DN Partners LLC is a Chicago-based private equity firm that manages committed capital funds on behalf of institutional and high net worth investors. The firm, through its managed funds, invests in lower-middle market companies generally based in the Midwest with enterprise values typically ranging from $10 million to $100 million. The firm specializes in partnering with management teams to facilitate corporate spin-offs, family succession transactions, recapitalizations, buy and build strategies and management buyouts.

Mistral Equity Partners is a private equity firm comprised of highly experienced investment professionals and seasoned industry executives. The firm specializes in the consumer, retail, and consumer-focused media sectors, and is especially attracted to businesses that are supported by strong demographic trends and fundamental changes in consumer preferences. Mistral's principals have a long history of working together and identifying successful investment opportunities with these characteristics.