Endeavour Capital has backed the recapitalization of Chandler, AZ-based Arizona Nutritional Supplements. Green Manning & Bunch served as the exclusive financial advisor to ANS in the transaction.
The Industrials practice at Green Manning & Bunch, Ltd. (GMB) is pleased to announce that Chandler, AZ-based Arizona Nutritional Supplements (ANS) has completed a recapitalization to form a partnership between the founders of ANS and Endeavour Capital. GMB served as the exclusive financial advisor to ANS in the transaction.
Founded in 1996 by Aaron Blunck and Jonathan Pinkus, ANS has grown into a recognized leader in contract and private label manufacturing and packing services for the vitamins, minerals and supplements (VMS) industry. From its state-of- the-art facilities, ANS offers a variety of manufacturing solutions for its blue-chip customer base. After experiencing remarkable growth, the founders of ANS were eager to find a partner to facilitate the company’s continued growth. Due to a strong cultural fit and expertise in the VMS industry, ANS selected Endeavour Capital.
Jonathan Pinkus commented on the transaction, “I was impressed by GMB’s
practical advice during the process. The GMB team was able to orchestrate a large marketing process for the company that balanced the needs of the parties that were interested in us with our
need to continue to successfully run the business and maintain appropriate relationships with our employees and customers. In the end, the transaction was a win-win for all involved. I couldn’t be more pleased.”
Aaron Blunck added, “GMB not only brought great M&A and industry expertise to the process, they sought to understand the personal objectives of the founders and tailor the transaction to our personal needs. We talked with GMB for years before we elected to pursue a transaction. I always felt like GMB was looking out for the best interests of the shareholders. That trust was a prerequisite to a successful transaction.”
As the exclusive financial advisor to ANS, GMB managed all aspects of the transaction process. “ANS’ founders built a tremendous company well-known in the VMS industry as a premier manufacturer with high-quality solutions and customer service. We were excited to satisfy the founders’ transaction objectives by partnering with Endeavour to secure ANS’ continued growth and ensure its leading reputation in the industry for years to come,” said Alan Mayer, managing director of GMB.
Mark Dorman, managing director of Endeavour Capital, remarked on the transaction, “We were attracted to ANS’ unparalleled commitment to quality, safety and customer service and attractive customer list. GMB ably presented a compelling investment opportunity that resulted in a partnership of shared vision to create the leading high quality manufacturer of innovative VMS product solutions. ”
In addition to GMB, ANS was represented by Snell & Wilmer (legal) of Phoenix, AZ and Wallace, Plese + Dreher (accounting) of Tempe, AZ.
Green Manning & Bunch, Ltd. (gmbltd.com) specializes in mergers and acquisitions, private placements of equity and debt, and strategic financial advisory services for middle market companies and has closed transactions totaling more than $17 billion. GMB’s corporate parent, CoBiz Financial (cobizfinancial.com) (NASDAQ: COBZ), is a $2.5 billion financial holding company.