Pete & Gerry’s egg distributor sold to private equity firms
Gary Locke of Monroe, N.H., retrieves an egg that was laid outside the nesting area in a barn that houses 20,000 chickens at Pete and Gerry s Eggs in Monroe, N.H., on Tuesday, October 1, 2013. Locke runs three barns at the farm, feeding, watering and checking for stray eggs. (Valley News - James M. Patterson) Copyright Valley News. May not be reprinted or used online without permission. Send requests to permission@vnews.com.
Jesse Laflamme, president of Pete and Gerry s, at his office in Lebanon, N.H., on Sept. 26, 2018. (Valley News - Jennifer Hauck) Copyright Valley News. May not be reprinted or used online without permission. Send requests to permission@vnews.com.
Pete and Gerry's Organics, a free-range egg business in the US, has sold a majority stake to a domestic private-equity investor. related to Meat, poultry & eggs, Organic, M&A and joint ventures,
Shareholdings change hands at Pete and Gerry s Organics
Pete and Gerry s Organics, a free-range egg business in the US, has sold a majority stake to Los Angeles-based private-equity firm Butterfly.
The pasture-raised egg company s CEO Jesse Laflamme will retain an ownership position and continue to help move the business forward , while British Columbia Investment Management Corp., described as an institutional investor in Canada, has become a minority shareholder in the business, according to a statement.
Financial details and terms were not revealed.
Pete and Gerry s is headquartered in Monroe, New Hampshire, and also has a second processing facility in Greencastle, Pennsylvania. The B Corp certified company partners with 130 family farms across the US to supply eggs under its namesake brand, as well as Nellie s Free Range and Consider Pastures to retailers, club stores and natural grocers.
Sitrick Helps Butterfly Catch Pete and Gerry s odwyerpr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from odwyerpr.com Daily Mail and Mail on Sunday newspapers.
With third managing partner and fresh funding, Maverix is ready to fill Canadian investment gap
John Ruffolo’s Maverix Private Equity has welcomed a new managing partner, Michael Wasserman, as the private equity (PE) firm nears its initial close of approximately $350 million USD.
With the addition of Wasserman, new members to its investment team and advisory board, and more than half of its targeted $500 million fund in place, Maverix is ready to start making deals.
Wasserman joins Maverix after 17 years at PE firm H.I.G Capital Management, where he led its healthcare investment fund. Wasserman marks Maverix’s third managing partner in addition to Ruffolo and Mark Maybank.