Benford Capital has recapitalized Nutrition Service Company, a Pulaski, Wisconsin-based producer of custom feed blends for dairy cattle, processed soybean products, and other agricultural products and services. No financial terms were disclosed for the transaction that was done in partnership with CEO Robert Block and CFO Paul Harke.
Benford Capital Partners Management, L.P. (“Benford Capital” or “BCP”), a Chicago-based private equity investment firm, is pleased to announce it has completed the recapitalization of Nutrition Service Company (“NSC” or the “Company”) in partnership with CEO Robert Block and CFO Paul Harke, who will continue to lead the Company post-closing.
Founded in 1983 and based in Pulaski, WI, Nutrition Service Company is a leading producer of custom feed blends for dairy cattle, processed soybean products, and other agricultural products and services. Nutrition Service operates four locations across Wisconsin, providing high quality feed and nutrition consulting services to many of the region’s largest dairy farms.
“I am thrilled to partner with Benford Capital in this next chapter for Nutrition Service” said NSC CEO, Bob Block. “Our team looks forward to continuing to provide our customers with the highest quality feed formulations, agronomy, and nutrition services as we build upon our growth and success in the years ahead.”
Commenting on the new investment, Benford Capital Managing Director Ben Riefe added, “NSC is a terrific business with a compelling value proposition attributable to the Company’s vertically integrated manufacturing operations, custom formulation capabilities and in-house nutritionist consulting services. Benford Capital is looking forward to working with Bob, Paul and the entire management team.”
BCP will support NSC’s organic growth through incremental investment in manufacturing capabilities and sales and marketing efforts. In addition, the Company will actively pursue add-on acquisitions of related agricultural products and services companies. NSC represents the third platform investment for Benford Capital’s $130 million Fund I.
ABOUT BENFORD CAPITAL PARTNERS
Founded in 2004, Benford Capital is a Chicago-based private equity firm focused on buying and building leading lower middle market companies in partnership with founders and management. Since inception, Benford Capital has acquired 25 companies, including several add-on acquisitions, and currently owns 12 platform companies. Industry areas of focus include industrial technology, consumer products and food, B2B e-commerce, and agricultural products and services. For more information, please visit www.benfordcapital.com