Harris Williams & Co. Advises Idaho Pacific Holdings, Inc. on its Sale to Arlon Group
Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide for 25 years, announces the sale of Idaho Pacific Holdings, Inc. (Idaho Pacific) to Arlon Group (Arlon). Harris Williams & Co. served as the exclusive advisor to Idaho Pacific, a portfolio company of Novacap Industries III, LP (Novacap). The transaction was led by Tim Alexander, Glenn Gurtcheff, Brant Cash, Andy Warczak and Wes Lilja of Harris Williams & Co.’s Consumer Group.
“Idaho Pacific is an industry leader with an experienced and dedicated management team,” said Tim Alexander, a managing director at Harris Williams & Co. “We've had the pleasure of representing Idaho Pacific on two occasions and watching the company grow over time. Partnering with Arlon will allow Idaho Pacific to further capitalize on the advantages of its unique position in the industry.”
“There continues to be strong interest in the M&A market for food ingredient businesses,” added Brant Cash, a director at Harris Williams & Co. “Idaho Pacific's position as a valued business partner for leading food manufacturers and food service operators has generated compelling financial results and attracted strong interest from investors.”
Idaho Pacific is a leading producer of dehydrated potato products for the foodservice, industrial and export channels and is recognized as one of the premier potato dehydration companies in the industry. The company provides its global customer base with key ingredients for a variety of applications, including salty snacks, mashed potatoes and bakery products. Idaho Pacific is headquartered in Ririe, Idaho and operates production facilities in Idaho, Colorado and Prince Edward Island.
With assets under management of over $1.6 billion, Novacap has consistently been recognized as one of the leading private equity firms in Canada since 1981. Its unique collaborative approach with entrepreneurs, based on deep operational expertise and active management of its investment, has helped accelerate growth and maximize value of more than 76 companies across North America. Novacap 's culture is based on creating long-term value through an investment philosophy focused on discipline and growth. With an experienced management team and substantial financial resources, Novacap is well positioned to continue building world-class companies and ensure their sustainability.
Arlon is a food and agriculture investment firm with a global network that invests in middle market businesses across the entire food supply chain in the Americas. Arlon’s team brings extensive investment expertise and deep, local industry contacts as they seek to partner with growth-oriented businesses in the food and agriculture sectors. Arlon’s investment professionals work collaboratively across geographies, and Arlon’s portfolio companies benefit from the team's shared knowledge of regional and global trends. Arlon’s investment focus comes from its founding investor, Continental Grain Company, a 200-year-old leader in the food and agriculture space. Rabobank, a leading bank to the global food, beverage and agribusiness industry, is another key Arlon investor. In Latin America, Arlon also works in partnership with VR Investments, a family owned Brazilian investment company with broad experience in Brazilian businesses. Arlon has approximately $1 billion in assets under management and is headquartered in New York with an office in Sao Paulo, Brazil.
Harris Williams & Co. (www.harriswilliams.com), a member of The PNC Financial Services Group, Inc. (NYSE:PNC), is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.
Harris Williams & Co.’s Consumer Group has completed more than 50 transactions in recent years across a variety of verticals, including branded consumer products; consumer services; food, beverage and agribusiness; and restaurant and retail. For more information on Harris Williams & Co.’s Consumer Group and other recent transactions, visit the Consumer Group’s section of the Harris Williams & Co. website.
Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.