Nutritional Laboratories International Has Been Acquired by Elite One Source Nutrisciences
HOUSTON, January 14, 2015 - GulfStar Group ("GulfStar") is pleased to announce the acquisition of Nutritional Laboratories International ("NLI" or the "Company"), a portfolio company of Praesidian Capital, by Elite One Source Nutrisciences ("Elite One"), a portfolio company of Ampersand Capital. Elite One intends to combine NLI with its existing contract manufacturing business, NutraMed, Inc. ("NutraMed"), based in Chino, CA. GulfStar served as the exclusive advisor to NLI throughout the transaction, which closed on December 19, 2014.
Based in Missoula, MT, NLI is a recognized industry leader in the production of high-quality nutritional supplement products, providing turnkey outsourced manufacturing and a broad range of laboratory support services to several of the most-recognized brands and retailers in the nutritional products industry.
Elite One Source Nutrisciences was established to become the leading contract manufacturer for nutritional and dietary supplements. The business draws on multiple, world class facilities and a deep and experienced team of formulators, chemists, natural product specialists, and particle engineers. The combination of NLI and NutraMed positions Elite One as a turnkey manufacturing partner for its clients offering a broad array of services and manufacturing options including tablets, capsules, powders, and multiple packaging modalities.
The GulfStar team included Managing Director Scott Winship, Associate Ben Stanton and Analyst Sahil Raj. "The combination of NLI and NutraMed under the Elite One umbrella results in a significantly scaled and geographically diversified nutritional supplements manufacturer that will further accelerate the Company's recognized leadership position for extreme product quality, innovative manufacturing capabilities and extraordinary customer service," said Winship. "We commend NLI's impeccable management team for their numerous operational, product and market-related accomplishments, and applaud Praesidian Capital for its solid guidance and unwavering support of the Company over the last several years."
About Praesidian Capital
Praesidian Capital is an innovative private investment firm focused on providing senior and subordinated debt along with growth capital to private lower middle market businesses in the United States, United Kingdom, Germany, and selectively in Northern Europe. Praesidian invests in established, small and mid-sized companies often in connection with management buyouts, recapitalizations and refinancings. Based in New York City with an office in London, Praesidian manages nearly $1 billion in committed capital.
About Ampersand Capital Partners
Ampersand is a middle market private equity firm with a focus on growth equity investments in the Healthcare sector. Over the past two decades, Ampersand has managed $1 billion in private equity partnerships. Ampersand leverages its unique blend of private equity and operating experience to build value and drive superior long-term performance alongside its portfolio company management teams.
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 approximately 600 transactions in 32 states and 10 foreign countries across a variety of industries.
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