H.I.G. Growth Partners said Tuesday that it has recapitalized Integrity Nutraceuticals. No financial terms were disclosed. Headquartered in Spring Hill, Tenn., Integrity is a provider of product formulation, manufacturing and distribution services to nutritional supplement brands.
BOSTON–(BUSINESS WIRE)–H.I.G. Growth Partners (“H.I.G.”), the dedicated growth capital investment affiliate of H.I.G. Capital, a leading global private equity investment firm, is pleased to announce that it has completed the recapitalization of F.H.G. Corporation, dba Integrity Nutraceuticals (“Integrity” or the “Company”), a turn-key product development and value-added manufacturer serving the $32 billion nutritional supplement industry.
Founded in 2000 and headquartered in Spring Hill, TN, Integrity is one of the leading providers of product formulation, manufacturing and distribution services to a diverse customer base of nutritional supplement brands. Integrity identifies, sources and tests each ingredient, develops custom formulations and flavor profiles and ultimately delivers fully packaged products ready for end-user consumption. Integrity is well renowned for its state-of-the-art, GMP-certified laboratory and manufacturing facilities that ensure the highest level of quality while delivering rapid turnaround times.
Peter Miller, CEO of Integrity, commented, “We are very excited about this next stage for Integrity. Our partnership with H.I.G. will provide us with the financial and operating resources that will enable us to accelerate growth and more importantly, better serve our customers.”
“Peter and his team have established Integrity as one of the leaders in a rapidly growing and evolving industry,” added Mark Tricolli, a Managing Director with H.I.G. Growth Partners. “We are very excited to be working with the Integrity team, and look forward to further expanding the Company’s infrastructure and capabilities to enable it to remain on the cutting edge of product formulation, to continue delivering the highest standards of quality, and to meet ever growing customer demand.”
Integrity was represented by Partnership Capital Growth, a full-service boutique investment bank that focuses exclusively on the healthy, active and sustainable living marketplace. Miller Martin PLLC, served as legal counsel to Integrity, and McDermott Will & Emery, LLP served as legal counsel to H.I.G.
About Integrity Nutraceuticals
Headquartered in Spring Hill, TN, Integrity Nutraceuticals provides turn-key product development and value-added manufacturing services to branded nutritional supplement companies. Integrity identifies, sources and tests each ingredient, develops custom formulations and flavor profiles and ultimately delivers fully packaged products ready for end-user consumption. Integrity is well renowned for its industry leading in-house laboratory and extensive quality control systems, and has proudly been NSF GMP compliant since 2008. For more information visit http://www.integritynutmfg.com.
About H.I.G. Growth Partners
H.I.G. Growth Partners is the dedicated growth capital investment affiliate of H.I.G. Capital, a leading global private equity investment firm with over $13 billion of capital under management. We seek to make both majority and minority investments in strong, growth oriented businesses located throughout North America, South America and Europe. We will invest $5 million to $30 million in equity in a given company and target investments in profitable growth oriented businesses with between $10 million and $100 million in revenues. We consider investments across all industries, but focus on certain high-growth sectors where H.I.G. has extensive in-house expertise such as technology, healthcare, internet and media, consumer products and technology-enabled financial and business services. Growth Partners strives to work closely with our management teams to serve as an experienced resource, providing broad-based strategic, operational, recruiting and financial management services from a vast in-house team and a substantial network of third-party relationships. For more information, please refer to the H.I.G. website at www.HIGgrowth.com.