Treasure Valley Business Group, a portfolio company of Creo Capital Partners, has acquired TKM2 Sales Solutions LLC, a provider of sales, marketing and distribution of food and food-related products throughout the United States. No financial terms were disclosed.
Treasure Valley Business Group (“TVBG”) a portfolio company of Creo Capital Partners, LLC (“Creo”) announced that it has purchased the assets of TKM2 Sales Solutions LLC (“TKM”). Terms of the acquisition were not disclosed.
This acquisition marks Creo’s ninth investment in the food-related space and is expected to result in increased sales activity, enhanced customer support, and other synergies as TKM is integrated into TVBG.
Nick Sternberg, partner of Creo Capital Partners, said, “Creo has strong expertise in the food manufacturing, distribution and logistics space and TKM is a great addition to our portfolio. TKM has a very talented management team, well known product offerings and strong customer and vendor relationships. We look forward to introducing the TKM array of products into the distribution channels that we have developed through our other food company investments. We also continue to be focused on further investments in the food space that complement our existing portfolio.”
TKM specializes in the development, sales, marketing and distribution of food and food related products throughout the United States. Distribution channels include food service, retail and club stores.
Gary Lim, the CEO of TVBG said, “We are extremely excited about integrating TKM into TVBG and we see tremendous opportunities and synergies in this acquisition. This acquisition will allow TVBG to continue the strong growth it has achieved over the past few years and will benefit our employees, customers and vendors.”
Creo’s legal advisors were Philip Taub and Meghan Boyle of Nixon Peabody LLP.
Creo Capital Partners, LLC is a Los Angeles-based private equity firm specializing in organizing, structuring and sponsoring recapitalizations, restructurings and acquisitions of mid-market companies. The firm focuses on partnering with management to create superior returns for all stakeholders. Established in early 2005, Creo is currently investing through its second fund, Creo Capital Partners II, LP, and has built a portfolio of investments that include companies in a wide range of industries including the food, logistics, engineering and manufacturing, and apparel sectors. (www.creocapitalpartners.com) (www.treasurevalley.com)