PAI Companions to Purchase Pet Meals Producer Alphia from J.H. Whitney Capital

Press launch: Alphia

PAI Companions, a pre-eminent non-public fairness agency, not too long ago introduced that it has agreed to accumulate Alphia, Inc., one of many largest pet meals co-manufacturers in North America, from J.H. Whitney Capital Companions. Phrases of the transaction weren’t disclosed.

Headquartered in Denver, Alphia is a number one nationwide producer of pet meals within the U.S., manufacturing a couple of billion kilos of dry pet meals and treats yearly on behalf of main pet meals manufacturers and retailers. Alphia additionally gives milling, R&D, innovation, warehousing, transportation, and distribution companies. The corporate has six manufacturing amenities throughout the U.S. and is the mum or dad firm of LANI, an ingredient milling options firm, and Veracity, a warehousing and logistics supplier. Mixed, Alphia provides its companions full farm-to-bowl customized options.

J.H. Whitney acquired Alphia’s predecessor, C.J. Meals, Inc., in 2014. Alphia was shaped by means of the merger of American Diet, Inc. and C.J. Meals, Inc. in 2020 to create a nationwide pet meals manufacturing platform, delivering best-in-class meals security and unparalleled worth for its clients.

This transaction underlines PAI’s experience within the Meals & Client sector and its specific expertise in pet meals and contract manufacturing, with consultant investments in Royal Canin, Provimi, Diana Pet Meals and Refresco. With the help of PAI, Alphia will search to speed up additional North American progress, each organically and thru acquisitions.

David McLain, CEO & President of Alphia, stated: “We respect the various years of help and partnership with J.H. Whitney, throughout which period we created Alphia, one of many main pet meals co-manufacturing platforms on this planet. PAI is dedicated to our ongoing imaginative and prescient for progress and shares the frequent values of innovation, meals security and trade management.”

Bob Williams, a Senior Managing Director at J.H. Whitney, stated: “We now have had a fantastic partnership with the Alphia administration crew. By means of deep funding in folks, programs and amenities, with a relentless concentrate on clients, Alphia has developed into a number one and pre-eminent co-manufacturer within the pet meals trade. We’re pleased with the crew and stay up for seeing Alphia proceed its profitable progress with PAI.”

Maud Brown, a accomplice at PAI and Head of PAI’s US Group, stated: “We’re excited to announce our funding in Alphia, which represents our second platform within the U.S. We’re dedicated to constructing the PAI franchise within the U.S. and stay up for our continued progress and success on this market.”

Winston Tune, a accomplice at PAI and client lead within the U.S., stated: “Alphia is a best-in-class firm and performs a useful position within the worth chain of pet meals and treats, an thrilling client class with sturdy secular tailwinds. Pet mother and father proceed to hunt out innovation, high quality and worth – Alphia has set the trade commonplace because the trusted accomplice to many main manufacturers and retailers. We stay up for partnering with David McLain and his mission-driven crew as we proceed to take a position behind Alphia to develop and scale the platform.”

Completion is topic to customary closing circumstances, together with the receipt of sure regulatory approvals.

Goldman Sachs & Co. LLC acted as monetary adviser to Alphia. Gibson, Dunn & Crutcher LLP served as authorized counsel to J.H. Whitney and Alphia, and Weil, Gotshal & Manges LLP served as authorized counsel to PAI.


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