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Category Archives: Press Releases

Wind Point Partners Acquires Pestell Group

Media Contact:
Ron Liberman, Wind Point Partners
Phone: 312-255-4812
Email: rliberman@wppartners.com

WIND POINT PARTNERS ACQUIRES PESTELL GROUP

Wind Point acquires leading animal feed ingredients distributor and cat litter manufacturer

Chicago, IL, June 1, 2018 – Wind Point Partners, a leading Chicago-based private equity firm, has partnered with experienced Consumer Packaged Goods executive Matt Miller to acquire Pestell Group (“Pestell” or the “Company”). Pestell Group, comprised of two distinct business units, includes Pestell Minerals and Ingredients (“PMI”) and Pestell Pet Products (“PET”). PMI is a leading distributor of animal feed minerals and ingredients for a wide variety of livestock. PET is a full-line manufacturer of cat litter and small animal bedding products.

After a decade of experience in the animal feed industry, serial entrepreneur Don Pestell founded PMI in 1972, distributing five feed ingredients to local feed dealers from a leased building in Ontario, Canada. Driven by a culture of product innovation, quality and customer service, PMI experienced early success. In 1980, Don Pestell expanded PMI by purchasing land to construct an office and warehouse at the Company’s present location in New Hamburg, Ontario, located West of Toronto in the center of Ontario’s agricultural industry. Don subsequently founded PET in 1990 with the launch of Easy Clean branded cat litter, once again utilizing quality and innovation to expand PET’s product offering and customer base.

Today, PMI is one of the largest distributors of animal feed minerals, ingredients and additives in Canada, offering hundreds of distinct products. PMI supplies hundreds of customers throughout Canada and the United States through its own dedicated warehouses and internal fleet, as well as 3rd party warehouses and logistics providers. PET is a full-line manufacturer of cat litter and small animal bedding products serving customers in Canada and the United States. The business produces a wide range of clumping, alternative and traditional litter products and sells through both branded and private label channels. Both PMI and PET operate out of shared warehousing and manufacturing space in New Hamburg, Ontario.

Paul Peterson, Managing Director at Wind Point, commented, “Pestell has an outstanding reputation and track record spanning 45 years. We are excited about the organic growth potential of the business as well as the opportunity to expand through acquisition. We look forward to working closely with the Pestell team and Matt Miller to build upon the strong platform that Don Pestell built over multiple decades.”

Matt Miller, a seasoned Consumer Packaged Goods executive, has joined the Company as CEO. Miller most recently served as Senior Vice President and General Manager of Big Heart Pet Brands, a producer, distributor and marketer of branded pet products for the U.S. and Canadian retail market. Miller transitioned to this role from Del Monte’s Consumer Products Division after its sale to Del Monte Pacific Limited in 2014.

Miller commented, “I am extremely excited to join Pestell and work with the team to drive further growth across both businesses. Given the Company’s strong track record on product quality and service, we are committed to remaining an outstanding supplier to our customers. And as we look to grow, we expect to expand our product offering and footprint both organically and through acquisitions.”

PMI President Peter Brunelle and PET President Bob Hemingway will remain in their respective roles leading the day-to-day management of their divisions. Randy Coulombe will remain in the role of Vice President of Finance. Brunelle, Hemingway and Coulombe have played key leadership roles within Pestell and will work closely with Wind Point and Matt Miller to guide the Company through its next phase of growth.

Don Pestell stated, “This marks the beginning of a new and exciting chapter for Pestell. The team at Wind Point has a great history of working with entrepreneur and family-owned businesses. The combination of experience between Wind Point and Matt Miller, along with Peter, Bob, Randy and the rest of the Pestell team, has me very excited for what lies ahead. Our wonderful employees and valued customers are in terrific hands.”

Debt financing for the transaction was provided by Antares Capital and BMO Sponsor Finance. Kirkland & Ellis LLP served as legal counsel to Wind Point, and BKD, LLP provided transaction advisory services in connection with the transaction.

About Pestell Group
Pestell Group distributes animal feed mineral and ingredient products throughout the United States and Canada. The company also manufactures branded and private label cat litter and animal bedding products through a separate business unit. Pestell is headquartered in Ontario, where its two business units share warehousing and manufacturing space, and maintains 15 third-party warehouses across North America for its animal feed products business.

About Wind Point Partners
Wind Point Partners is a leading Chicago-based private equity investment firm with just over $2 billion in assets under management. Wind Point focuses on partnering with top caliber management teams to acquire well-positioned middle market businesses where it can establish a clear path to value creation. The firm targets investments in the consumer products, industrial products, and business services sectors. Wind Point is currently investing out of Wind Point Partners VIII, a $985 million fund that was initiated in 2016.

Additional information about Wind Point is available at www.windpointpartners.com.

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Pestell Minerals & Ingredients is a 2018 Winner of the Canada’s Best Managed Companies Program

The 2018 Best Managed program award winners are amongst the best-in-class of Canadian owned and managed companies with revenues over $15 million demonstrating strategy, capability and commitment to achieve sustainable growth.

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Pestell Joins Living Wage Employer Program

NEW HAMBURG, ON, June 8th, 2017 – Pestell is pleased to announce that they are an official “Champion Living Wage Employer” as they have joined the Waterloo Region Living Wage Network of Employers – a commitment to fair living wages for employees by employers.

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Pestell Minerals & Ingredients Announces Opening of New Quality Assurance Laboratory

NEW HAMBURG, ON, November 15th, 2016 – Pestell Minerals & Ingredients, a leading provider of feed minerals & ingredients announced the opening of their in-house Quality Assurance laboratory located at their head office in New Hamburg, Ontario, Canada.

The new lab allows them to provide extensive testing & monitoring of nutrient content and heavy metal profile with greater frequency and provide rapid turnaround of test results. The laboratory features a new ICP or Inductively Coupled Plasma Optical Emission Spectrometer, wherein the analytical process uses Plasma to ensure a more accurate metal analysis. A new lab technician having over 15 years’ experience in a laboratory environment and extensive training on ICP has also joined the Pestell team to conduct and monitor testing.

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Pestell Minerals & Ingredients Acquires Jack Thom Distributor Ltd.

NEW HAMBURG, ON, September 29th, 2016 – Pestell Minerals & Ingredients, a leading provider of feed ingredients, fertilizer and salt products announced the acquisition of Jack Thom Distributor Ltd., a Goderich, Ontario based distributor of salt products.

The acquisition provides customers of Pestell Minerals & Ingredients with improved choice and availability of salt products during high demand periods. The employees of Jack Thom, including its President Jeff Thom will remain with the company and will continue supporting market needs from the facilities in Goderich as employees of Pestell Minerals & Ingredients.

“Jack Thom Distributor Ltd, has developed a strong and loyal customer base and I am pleased that Jeff will be part of our team moving forward. This acquisition provides high customer synergies for our business and supports our goal of expanding our ability to serve customers as a one-stop-shop for their product needs,” said Peter Brunelle, President of Pestell Minerals & Ingredients.

 

Pestell Minerals & Ingredients
1-800-565-2474
info@pestellminerals.com
www.pestellminerals.com

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Pestell Minerals & Ingredients Acquires Agri-Feed Products Ltd.

NEW HAMBURG, ON, January 6th, 2016 – Pestell Minerals & Ingredients, a leading distributor of feed ingredients announced the acquisition of Agri-Feed Products Ltd., a Winnipeg, Manitoba based distributor of feed products with emphasis in Western Canada.

The acquisition provides Pestell Minerals & Ingredients with improved market access for a number of their core products while adding new suppliers to their portfolio. The employees of Agri-Feed Products Ltd., including its founder Keith Patterson, will remain with the organization and continue supporting market development efforts from the Winnipeg office as employees of Pestell Minerals & Ingredients.

“Agri-Feed has developed a strong base of customer relationships through its attention to customer service and I am thrilled that Keith will be part of our team moving forward. This acquisition is perfectly aligned with the goal of expanding our ability to serve customers as a one-stop-shop for their ingredient needs,” said Peter Brunelle, President of Pestell Minerals & ingredients.

 

Pestell Minerals & Ingredients
1-800-565-2474
info@pestellminerals.com
www.pestellminerals.com

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Pestell Group Inc. Celebrates Grand Opening of Warehouse Expansion

NEW HAMBURG, ON, September 24, 2015 – Pestell Group Inc. celebrated the grand opening of their warehouse expansion on Wednesday, September 23rd in New Hamburg, Ontario, Canada with a traditional ribbon cutting ceremony and barbeque. Owner, Don Pestell took the honourable duty of cutting the ribbon at the grand opening joined by special guests and Pestell employees.

The Pestell Group recently added 65,000 square feet of new space to support the growth of Pestell Minerals & Ingredients and Pestell Pet Products. The expanded 130,000 square foot distribution facility is HACCP/FeedAssure and Safe Feed/Safe Food Certified and supports the distribution of over 500 products utilizing 21 docks to help both companies efficiently serve customers.

This is the third facility expansion Pestell Group Inc. has undergone in the past 10 years at their New Hamburg location. The original 65,000 square foot packaging and warehouse facility was built in 2007 and was completed in 2010 with a high level automation system to take granular product delivered by rail. In total, Pestell Group has 200,000 square feet of warehousing and production facilities at the New Hamburg location as well as a network of warehouse facilities in strategic locations across North America.

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Pestell Minerals & Ingredients Acquires Nutritional Feed Additives of Fergus, Ontario

Adding Animal Nutritional Products & Hay Preservatives to Product Offering

NEW HAMBURG, ON, July 2, 2015 – Pestell Minerals and Ingredients of New Hamburg, Ontario announced the acquisition of Nutritional Feed Additives, a Fergus, Ontario based company providing specialty animal nutritional products and hay preservatives to the Canadian feed industry since 1987.

The transaction was completed on June 30, 2015. The employees of Nutritional Feed Additives are now employees of Pestell Minerals and Ingredients and will focus on providing a seamless transition for their products, suppliers and customers.

“Nutritional Feed Additives’ products are great complimentary additions for Pestell and the acquisition supports our strategy of continuing to expand our product offering and broadening our customer reach in North America”, said Peter Brunelle, President of Pestell Minerals and Ingredients.

 

Pestell Minerals & Ingredients
1-800-565-2474
info@pestellminerals.com
www.pestellminerals.com

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