MSouth sells Coastal to Arlon Group

Arlon Group has acquired The Coastal Companies, a fresh produce and dairy supplier, from MSouth Equity Partners. No financial terms were disclosed. Sagent Advisors provided financial advice to Coastal on the transaction.

PRESS RELEASE

On May 29, 2015, The Coastal Companies (Coastal), the leading value-added processor and supplier of fresh produce and dairy in the Mid-Atlantic region, was acquired by Arlon Group (“Arlon”). Coastal was a portfolio company of MSouth Equity Partners (“MSouth”). Terms of the transaction were not disclosed.

Sagent’s Role:
Sagent Advisors served as exclusive financial advisor to Coastal

The Coastal Companies
Founded in 1992, The Coastal Companies has emerged as a major distributor of fresh produce and dairy and is a leading regional processor of fruits and vegetables. Based in Baltimore/Washington, The Coastal Companies and its subsidiaries, Coastal Sunbelt Produce and East Coast Fresh, operate a fleet of 175 trucks and deliver daily to foodservice customers across six states and the District of Columbia. The company also serves major retail and wholesale customers along the East Coast.

MSouth Equity Partners
MSouth is an Atlanta-based private equity investment firm that provides equity capital and expertise to support management teams in acquisitions and recapitalizations of lower middle market companies. MSouth invests primarily in the South with a consistent focus on management buyouts of business services, distribution and specialty manufacturing companies.

Arlon Group
Arlon is a food and agriculture investment firm with a global network that invests in middle-market businesses across the entire food supply chain in the Americas, an investment focus that comes from Arlon’s founding investor, Continental Grain Company, a 200-year-old leader in the food and agriculture space. Arlon’s portfolio companies benefit from the team’s investment expertise, deep, local industry contacts and shared knowledge of regional and global trends.

About Sagent Advisors
Sagent Advisors is a leading independent investment bank focused on providing strategic and financial advice on mergers, acquisitions, sales, divestitures and private capital solutions. Sagent’s clients include leading domestic and multi-national corporations, middle market and emerging growth companies, private equity sponsors and family-owned and entrepreneur-led businesses. Sagent has completed nearly 200 transactions exceeding $60 billion in aggregate value across a broad range of industries and transactions types.

Sagent provides broad industry and execution expertise through its three offices in the US with strategic partnerships in Asia, Europe and Latin America.

Founded in 2004, Sagent’s dedicated team of seasoned professionals is committed to the long-term success of our clients by providing original thinking, uncommon access and Pure Advice™, free of structural conflicts. To learn more visit: www.SagentAdvisors.com.