Florida-based vegetable grower and marketer B&W Quality Growers has been acquired by New York private-equity firm Blue Road Capital for an undisclosed sum.
B&W, until now owned by another buyout house, Boyne Capital, is described as a “vertically-integrated producer” of a range of leafy greens including watercress and arugula (rocket).
Blue Road is an agriculture-focused investor which targets the acquisition of ‘control positions’ in businesses within the agricultural and food/ingredient supply chains in the Americas.
John Duryea, founding partner of Blue Road Capital, said: “We are delighted to announce the acquisition of B&W as our platform in the speciality leafy green industry. We have been studying the category for several years and have been familiar with B&W and its reputation for quality and food safety for some time. B&W is uniquely positioned as a platform for continued consistent growth.”
B&W owns three processing facilities in three states, and sources produce from seasonal farms spanning across eight states. This geographic spread allows the company to employ a farm rotation programme, giving each farm an “off season” for rejuvenation.
It is suggested this deal with Blue Road will give B&W the ability to further scale and expand its business into new markets.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
Mark DeLeo, its chief executive officer, said: “We are very excited to begin the next chapter in the B&W growth story with Blue Road’s acquisition of the company.”