The Riverside Company has acquired BioSan Laboratories, the maker of all natural whole food nutritional supplements, according to a press release issued by MHT Partners. MHT was an advisor on the transaction. Specifics of the deal were not publicized. BioSan is based in New Hampshire.
October 10, 2011 – MHT Partners is proud to announce that BioSan Laboratories, Inc. (dba MegaFood and Innate Response Formulas), a vertically-integrated manufacturer, marketer, and distributor of premium, all-natural whole food nutritional supplements has been acquired by The Riverside Company, a global private equity firm focused on investments in small- and medium-sized enterprises.
Founded in 1973 in Derry, New Hampshire, the company’s all-natural whole food nutritional supplements deliver nutrients that are easier to digest, assimilate, and utilize than the nutrients delivered by competing products that use synthetic rather than all-natural whole food ingredients. The company’s products are sold to natural food stores; vitamin, mineral, and supplement (VMS) retailers; small, independent retailers; distributors; and directly to health care practitioners. In the most recent fiscal year, BioSan sold nearly 85 million tablets or capsules to more than 3,000 customers in North America, Europe, and Asia. For more information, please visit www.megafood.com and www.innateresponse.com.
“MHT navigated through a series of challenging and unique transaction issues with expertise and strategic insight, which in turn produced a great result. They kept our objectives at the forefront and diligently worked with our team to get the deal done. We couldn’t be happier with the outcome,” stated Carl Jackson, former President and current Board member of BioSan, Inc.
“BioSan is yet another example of MHT’s focus on niche industry leaders with exceptional growth potential and differentiated market presence. We are extremely proud of the transaction success and relationship with the BioSan team,” stated Mark Young, Managing Director and head of MHT’s Boston office.
“The BioSan transaction represents an important and exciting milestone for MHT’s Boston office, as we continue to build upon our established presence and relationships with leading growth companies based in the Northeast,“ added Mike McGill, Co-founder of MHT.
About MHT Partners
Founded in 2001 with offices in Dallas, TX and Boston, MA, MHT Partners is an investment bank focused on providing the highest level of advisory services to growth-oriented middle market companies, private equity fund managers, and private equity limited partners. MHT’s staff of professionals has built a track record of exceptional transaction execution and premium service for MHT’s clients. We are committed to developing long-term, trusted relationships through our hard work, dedication, and superior capabilities. MHT provides services through two business lines: MHT Partners, which provides M&A advisory, capital raising and strategic advisory services to high-growth middle market companies and MHT Secondary Advisors, which provides private equity limited partners with buy-side and sell-side advisory services for secondary fund interests and fund valuation services. MHT Partners and MHT Secondary Advisors conduct investment banking activities through MHT Securities, L.P., a member of FINRA/SIPC. For more information, please visit www.mhtpartners.com.