Seacoast recaps Sun Valley

Seacoast Capital has recapitalized The Sun Valley Group, a California-based provider of cut flowers. No financial terms were disclosed.


July 14, 2016 – San Francisco, CA – Seacoast Capital (“Seacoast”) announced today that it has successfully recapitalized The Sun Valley Group (“Sun Valley”), the leading producer of cut flowers.

With this capitalization, Sun Valley intends to continue its growth and strengthen the company’s leadership position by expanding production. Lane DeVries, CEO noted “Sun Valley has always focused on quality. We want to make sure that the consumer is completely satisfied with our beautiful and long lasting flowers. To meet the growing demand for our flowers we needed a partner who understood our commitment to quality and who could help us expand. Seacoast is that partner and we’re very happy to be working with them.”

Eben Moulton, Partner at Seacoast Capital, stated “Sun Valley’s focus on quality puts the company in a unique position to take advantage of very interesting growth opportunities. Sun Valley’s management team is very strong, and we look forward to working closely with them as they grow their business.”

About The Sun Valley Group
The Sun Valley Group is America’s largest flower grower producing over 30 flower varieties and distributing throughout the United States and Canada through leading flower wholesalers/distributors, mass marketers and the internet. The Sun Valley Group encompasses a family of quality floral brands including Sun Valley Floral Farms, Pleasant Valley Flowers, Sun Pacific Bouquet, West Coast Evergreen, and the Orchid, Sonata, Love, Royal, Lilytopia, and Dublet Lilies Brands, and Redwood Grove French Tulips Brand. Sun Valley’s goal is to “Create a World of Color” by delivering the best floral experience through a combination operational excellence, stringent quality control, state-of-the-art technologies, high quality bulbs and flower stock, superb growing conditions, and a workforce of dedicated team members.

About Seacoast Capital
Seacoast Capital was founded in 1994 to make non-controlling subordinated debt and equity investments in privately-held lower middle market companies. Seacoast specializes in “sponsorless” transactions, preferring to invest directly with company owners or management teams, although it will selectively consider investments led by professional investor groups. Seacoast typically provides between $3 million and $15 million of debt and equity capital for acquisitions, growth, shareholder buyouts, management buyouts, and leveraged recapitalizations. While industry agnostic, Seacoast broadly invests in the specialty manufacturing, value-added distribution, and business services sectors. Seacoast generally targets investments in companies with $20 million to $150 million in revenue and $2 million or more of EBITDA. With offices in Boston and San Francisco, Seacoast invests in companies all over the United States and is currently investing its third fund, Seacoast Capital Partners III, L.P.