Spreadable
Matured Blue Cheese
KeHE Announces Strategic Investment From TowerBrook

KeHE Announces Strategic Investment From TowerBrook


NAPERVILLE, IL
Friday, May 17th, 2019

KeHE Distributors has completed a comprehensive review of possible strategic capital partners and has announced that from its search, international management firm TowerBrook Capital Partners has become one of the company’s shareholders, replacing a longtime minority shareholder. The news comes at a time of growth for KeHE, with TowerBrook committing additional capital for future growth.

Brandon Barnholt, President and CEO, KeHE Distributors“We have been very deliberate in selecting a partner that believes in our mission and values as well as our strategic vision to be the next generation distributor in specialty, natural, and organic and fresh foods,” said Brandon Barnholt, KeHE’s President and CEO. “This arrangement allows KeHE to maintain our majority employee stock ownership (ESOP) ownership structure, while securing the infusion of capital we need to power our growth initiatives.”

TowerBrook Capital Partners has become one of the company’s shareholders, replacing a longtime minority shareholder

According to a press release, KeHE’s expertise in bringing new and emerging brands to market, a national distribution network in the U.S. and Canada, and the unique ability to help brands and retailers grow positions KeHE to thrive in the emerging environment.

Michael Recht, Managing Director, TowerBrook“KeHE has significant scale, a differentiated supply chain, an experienced leadership team with both a strong track record, and a compelling vision for the future of food distribution,” said Michael Recht, Managing Director at TowerBrook. “We are pleased to partner with KeHE to help drive continued momentum and growth in the business.”

TowerBrook recently earned its B Corporation certification, which KeHE earned back in 2016. Both companies were some of the first to achieve this certification in their respective industries.

Andrew Rolfe, Managing Director, TowerBrook“We see many exciting opportunities in this large and growing sector,” added Andrew Rolfe, Managing Director at TowerBrook. “Responsible investing is also an integral part of how we work. We are thrilled to partner with KeHE, as they share our commitment to values such as diversity, inclusion, service, transparency and sustainability.”

During the negotiations and search, BMO Capital Markets acted as exclusive financial advisor and Winston & Strawn provided legal guidance to KeHE.

For more distribution news as it relates to deli, dairy, bakery, and specialty foods, stick with us at Deli Market News.

KeHE Distributors
Topics:


SpreadableMatured Blue Cheese

Have a new product, press release or story idea?

Let us know

In This Story


We are dedicated to the success of our customers and suppliers by providing optimal distribution solutions and value added sales and marketing services.

Five Tasty Ideas to Liven Up Your Burgers and Patties

Pereg Natural Foods offers up a whole host of ways to switch up the classic summertime fare: hamburgers.
View Press Release

NMPF Statement on Federal Trade-Mitigation Package for Farmers

The federation estimates that producers have lost at least 2.3B dollars in revenues through March due to higher tariffs against U.S. dairy.
View Press Release

WCMA Adds Communications Staff as Member Services Grow

Claudia Looze, as WCMA's new Communications Assistant, will support the association's expanding array of member benefits.
View Press Release