Press Releases
Posted February 8, 2018

Elite One Source Nutritional Services Has Been Acquired by DCC Health & Beauty Solutions

Consumer Products & Services
Transaction Type
Mergers & Acquisitions
Missoula, Montana

HOUSTON, February 8, 2018 – GulfStar Group (GulfStar) is pleased to announce that Elite One Source Nutritional Services, Inc. (EOS), a portfolio company of Ampersand Capital Partners, has been acquired by DCC Health and Beauty Solutions Ltd. GulfStar served as the exclusive financial advisor to EOS and Ampersand throughout the transaction, which closed on January 30, 2018.

EOS is a recognized industry leader in the production of high-quality nutritional supplement and OTC products. The company provides turnkey outsourced manufacturing and a broad range of laboratory support services to several of the most-recognized brands in the nutritional supplement and OTC product industries. EOS formulates and produces a wide range of supplement products that include probiotics, organics, specialty formulations, vitamins, minerals, botanicals and homeopathic OTC drugs. The company specializes in complex solid-dose delivery forms, principally tablets and capsules, with flexible bottling and packaging capabilities to meet a wide range of customer requirements.

DCC Health & Beauty Solutions is a division of DCC plc, a leading international sales, marketing and support services group. DCC plc is listed on the London Stock Exchange and is a constituent of the FTSE100. DCC Health & Beauty Solutions provides outsourced product development, manufacturing, packing and other services to Health and Beauty brand owners, specialist retailers and direct sales organizations in Europe, principally in the areas of nutrition and beauty products.

“On behalf of the entire team of talented and dedicated employees at EOS, we are very excited to announce this new chapter in our corporate history,” said Peter Malecha, CEO of EOS. “EOS has clearly established itself as a premier formulator and manufacturer of highly complex nutritional supplements and OTC products with an unwavering focus on quality, safety and a relationship-based customer service orientation. With DCC’s support, we look forward to significantly expanding the scope of our operations via organic initiatives, the addition of new manufacturing capabilities and tactical acquisitions.”

David Anderson, partner at Ampersand, added: “I would like to recognize the extraordinary efforts of Peter and his team in significantly growing the EOS platform over the past three years and establishing a very sophisticated infrastructure that will benefit the business for decades to come. I would also like to acknowledge the meaningful efforts of the team at GulfStar for their valuable guidance and tireless commitment throughout the transaction process.”

“We are very honored to have been associated with this remarkable business through two transactions,” said Scott Winship, managing director at GulfStar. “The combination of EOS’ experienced and cohesive management team and Ampersand’s proven, partnership-oriented approach to growth has given rise to a clear market leader that is poised to further extend its distinct competitive advantages at the high end of the nutritional supplements market. DCC is really an ideal partner for the business as its corporate DNA is firmly rooted in extreme quality, safety and a highly collaborative approach to customer relationships. We fully expect this combination to quickly manifest in a significant North American platform given DCC’s scale, strong capital resources, thoughtful approach to strategic positioning and proven history of success in the European markets.”

The GulfStar transaction team consisted of Managing Director Scott Winship, Vice President Ben Stanton, Associates Alex Pette and Tyler Tribble, and Analyst David Lutito.

About GulfStar Group
GulfStar is a leading middle market investment bank headquartered in Houston. GulfStar specializes in providing merger and acquisition advisory services, institutional private placements of equity and debt, and general corporate finance advisory services to companies with revenues or enterprise values generally ranging from $25 million to $350 million. Since its formation in 1990, GulfStar has completed more than 650 transactions in 34 states and 16 foreign countries across a variety of industries.

GulfStar Group
700 Louisiana Street
Suite 3800
Houston, Texas 77002


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