New York, USA-based pre-eminent private equity firm PAI Partners acquires Colorado, USA-based pet food co-manufacturer Alphia from J.H. Whitney Capital Partners. The company announced the acquisition on August 24, 2023. However, it did not disclose the amount of the transaction.
Purpose of acquisition by PAI Partners
This acquisition further strengthens PAI’s expertise in the Food and consumer sector as well as its particular experience in pet food and contract manufacturing, with representative investments in Royal Canin, Provimi, Diana Pet Food and Refresco.
In addition, with PAI’s support, Alphia has plans to accelerate further North American growth, both organically and through acquisitions.
What the Alphia official has to say
David McLain, CEO and President of Alphia, said, “We appreciate the many years of support and partnership with J.H. Whitney, during which time we created Alphia, one of the leading pet food co-manufacturing platforms in the world. PAI is committed to our ongoing vision for growth and shares the common values of innovation, food safety and industry leadership.”
What the PAI Partners official has to add
Maud Brown, a Partner at PAI and Head of PAI’s U.S. Team, further said, “We are excited to announce our investment in Alphia, which represents our second platform in the U.S. We are committed to building the PAI franchise in the U.S. and look forward to our continued growth and success in this market.”
In addition, Winston Song, a Partner at PAI and Consumer Lead in the U.S., said, “Alphia is a best-in-class company and plays an invaluable role in the value chain of pet food and treats, an exciting consumer category with strong secular tailwinds. Pet parents continue to seek out innovation, quality and value – Alphia has set the industry standard as the trusted partner to many leading brands and retailers. We look forward to partnering with David McLain and his mission-driven team as we continue to invest behind Alphia to grow and scale the platform.”
What the J.H Whitney Capital Partners official has to add
Bob Williams, a Senior Managing Director at J.H. Whitney, said, “We have had a great partnership with the Alphia management team. Through deep investment in people, systems and facilities, with a constant focus on customers, Alphia has developed into a leading and pre-eminent co-manufacturer in the pet food industry. We are proud of the team and look forward to seeing Alphia continue its successful growth with PAI.”
About Alphia
Dave McLain launched Alphia in 2019. Earlier in 2014, J.H. Whitney acquired Alphia’s predecessor, C.J. Foods, Inc. Alphia due to the merger between American Nutrition, Inc. and C.J. Foods, Inc. in 2019. It seeks to create a national pet food manufacturing platform, delivering best-in-class food safety and unparalleled value for its customers.
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