Peterson Partners Completes Exit of Winder Farms
– Existing Owners of Former Peterson Portfolio Company Winder Farms Purchase Firm’s Entire Equity Ownership
– Deals Demonstrate Firm’s Ongoing Dynamism, Solidity During a Sustained Global Financial Downturn in the Investment Sector
June 22, 2011 /Press Release/ – Peterson Partners today announced that the firm has closed its investment in Winder Farms. Existing owners in the company purchased the entirety of Peterson’s equity interest.
“We are delighted with the successful completion of the sale of our investment in Winder Farms,” said Dan Peterson, managing partner of Peterson Partners.
Winder Farms, based in West Valley City, Utah, is a respected online grocer that provides dairy, produce, pasta, meats and other food products to households and retailers in Utah and Nevada. Peterson Partners made an initial investment in Winder Farms in September 2004, with follow-on investments in June 2005, and 2007, to fuel the company’s expansion to the Las Vegas market.
The Winder Farms transaction was completed on June 6, 2011. Specific monetary and equity terms of the deal were not disclosed.
About Peterson Private Equity
Peterson Private Equity, located in Salt Lake City Utah, is the Private Equity group of Peterson Partners Inc. Peterson Private Equity is a middle market investor that is growth oriented, flexible, and has a long-term mindset. Over the past 11 years, Peterson has made investments across the United States, Canada, and Brazil. Peterson Partners Inc. is an independent investment management firm with assets under management across a variety of alternative asset classes. Peterson Partners and its affiliates have invested in over 150 companies, primarily in the US, but also Canada, Europe, Mexico, Brazil and India.