Dec 10, 2020 2:12 PM ET
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Nexus Capital Management LP (jointly with sure affiliates, “Nexus”), a Los Angeles-based mostly personal fairness firm, introduced nowadays it has signed a definitive agreement to receive the Natural Equilibrium quality pet food items business from The J.M. Smucker Co.. Organic Stability is a top high quality pet food items model specializing in substantial excellent pet and cat foodstuff merchandise bought completely by the pet specialty and ecommerce channels.
“We are really excited by the option to receive the Normal Balance business,” said Damian Giangiacomo, Spouse at Nexus. “We feel in the brand’s solid legacy and the potential to reinvigorate the small business as an impartial corporation in partnership with the robust management group we have assembled.”
“We are delighted to announce that Brian Connolly will guide the new Organic Equilibrium business as CEO,” Giangiacomo continued. “Brian performed a significant part on our offer workforce all through thanks diligence and crafting the go-forward strategic and running system for the business enterprise. Brian’s prosperous 20 years of encounter in pet meals as the co-founder of Castor & Pollux and former board member at Merrick Pet Care preferably situation the Organic Balance model for continued relevance with pet specialty suppliers and pet proprietors.”
Brian Connolly added, “All-natural Equilibrium has extensive held a main situation as a pioneer in the premium pet food stuff industry. I glance forward to performing with the Nexus and Normal Equilibrium groups in a new section of expenditure, innovation and elevated determination to the pet specialty channel and its prospects.”
Natural Balance’s product or service providing is composed of a broad array of quality dog and cat food stuff and treats formulated with a specific focus on nutritional innovation, significant-high-quality components and robust meals basic safety specifications. This positioning is most effective represented by the brand’s “Feed with Self confidence” software, which claims to offer individuals products that they can confidently and easily feed their pets to make sure they are finding the high-good quality nutrition they ought to have.
“We feel Nexus’ in depth experience investing in customer brand names paired with Brian and his team’s track history in pet can drive accelerated advancement at All-natural Equilibrium,” Giangiacomo concluded. “On behalf of Nexus, I would like to express my gratitude to the Smucker workforce for working with us on this transaction. We appear ahead to operating intently with them and the firm’s personnel to shut the transaction and transition the organization.”
Nexus was represented by Kirkland & Ellis LLP on lawful issues.
About Purely natural Equilibrium
Pure Harmony is a top quality pet meals brand specializing in large-top quality pet and cat food stuff solutions bought completely through the pet specialty and ecommerce channels. Normal Stability has a 30+ calendar year heritage in high quality formulations and was a pioneer of confined component meal plans.
For much more details on Purely natural Harmony, be sure to visit www.naturalbalanceinc.com.
About Nexus Money Management LP
Nexus is an choice asset financial commitment management organization primarily based in Los Angeles, California that was established in 2013. Nexus employs a flexible financial investment mandate that focuses on extended-phrase value creation by partnering with foremost administration teams and enterprises.
For a lot more info on Nexus, be sure to visit www.nexuslp.com.
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