Falconhead Capital, LLC, a private equity firm focused on growth buyouts in the sports, media, consumer, lifestyle, and food and beverage sectors, announced that it has acquired a controlling stake in Multi-Flow Industries, LLC, the leading independent provider of fountain beverage solutions in the U.S. Financial terms of the transaction were not disclosed.
Multi-Flow Industries, based in Huntingdon Valley, Pennsylvania, produces branded and private label concentrated iced teas, juices, carbonated soft drinks, energy drinks, and fortified functional water in bag-in-the-box packages. Multi-Flow distributes fountain beverage syrup concentrates and services fountain beverage dispenser equipment to over 4,000 retail accounts, including independent bars, restaurants, clubs, and hotels, as well as assisted living and nursing facilities. It also manufactures private label fountain beverage concentrates for wholesale foodservice accounts. Multi-Flow services accounts across 15 metropolitan areas.
David S. Moross, chairman and chief executive officer of Falconhead Capital, says: “We are delighted to acquire Multi-Flow, which is a leader in the fountain beverage sector in its geographic markets. The company has built considerable positive momentum under its management team and is well positioned for growth through strategic acquisitions and a range of attractive internal opportunities. We look forward to partnering with Ken Schnarrs and his team to enhance the value of Multi-Flow for the benefit of all its stakeholders.”
Multi-Flow CEO Ken Schnarrs and his management team will continue to lead the company under Falconhead’s ownership. Schnarrs adds: “We are excited to welcome Falconhead as our new partner. The Falconhead team has a long history of supporting and growing companies within the food and beverage sector and Multi-Flow will benefit from its extensive operational expertise as we work together to accelerate the growth of our business, both organically and through strategic acquisitions.”
Greenberg Traurig, LLP served as Falconhead’s legal advisor and Grant Thornton LLP served as Falconhead’s financial and tax adviser on the transaction.
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