San Francisco Bay area-based middle market private equity firm Altamont Capital Partners has named Tim Bruer as an operating partner. Bruer will focus primarily on investments in the food and beverage sectors.
Altamont Capital Partners (Altamont), the San Francisco Bay area-based middle market private equity firm, announced today that Tim Bruer has joined the firm as an Operating Partner. Mr. Bruer will focus primarily on investment opportunities in the food and beverage sectors. Altamont has a strong focus on these sectors and is excited to work with Mr. Bruer to build upon its recent investment in Tacala.
Jesse Rogers, Managing Director of Altamont, commented: “We are excited to welcome Tim to our team. We have known and worked with Tim over the years and we believe his extensive experience in the food and consumer sectors will present attractive investment opportunities that fit well with Altamont’s strategy. His industry expertise and network of relationships, together with his track record of success as an operator, will make him a valuable partner as we grow our presence in these sectors.”
Mr. Bruer has extensive operational and CEO experience with multiple food companies, including Genisoy Food Co. and Nonni’s Food Co., where he grew sales from $20 million to $155 million in four years. As Vice-President/General Manager for the Culinary Products Division of Nestle, Mr. Bruer led a turnaround from ($17 million) to $20 million of operating profit in two years. Mr. Bruer’s expertise extends to the infant products space, as his most recent role was CEO of ERGObaby Carrier Inc., a leading designer of baby carriers and accessories. Early in his career, Mr. Bruer was a Vice-President at Bain & Co., focusing on business strategy for consumer product companies, corporate acquisitions, post-merger integration, and supply chain management. He served on the Board of Directors for Del Monte Foods and Authentic Specialty Foods. Mr. Bruer holds an MBA in Marketing and Finance from the University of Chicago, and a BA in Economics from Stanford University.
Mr. Bruer added: “I am excited to join the great team at Altamont, many of whom I worked with in the past at Bain and later when I was at Nestle. Altamont has an outstanding record in pursuing and adding value to middle market investments, and I feel fortunate to join them in extending this effort to the food/consumer product sector.”
About Altamont Capital Partners
Altamont Capital Partners is a private equity firm based in the San Francisco Bay area with $500 million in capital, focused on investing in change-intensive middle market businesses. The firm’s principals have significant experience building business success stories across a range of industries and transaction types. Altamont is particularly drawn to companies which are constrained for some reason from realizing their full potential. The firm seeks to work in partnership with management to implement strategic and operational change. Altamont is a generalist firm with deep experience in several verticals including business services, financial services, industrials, healthcare, consumer and retail.