Barentz International, a global life science ingredients distributor, recently purchased Pestell Nutrition from Wind Point Partners, a Chicago-based private equity firm. Pestell Nutrition is a distributor of feed additives, nutritional ingredients, macro and trace minerals, and pet specialty ingredients for the animal health, animal nutrition and pet food sectors across Canada and the United States.
Wind Point acquired Pestell Nutrition, which is based in New Hamburg, Ontario, Canada, in 2018 via the firm’s acquisition of Pestell Group from founder Don Pestell. At the time, Pestell Nutrition was one of two business units within Pestell Group, along with a pet products business. The foundation of Wind Point’s value creation plan for Pestell Group, officials said, was to rebrand and separate both business units and build independent leadership teams to pursue distinctive growth strategies.
“Shortly after acquiring Pestell Group, Wind Point successfully separated the business units, rebranding the minerals and ingredients business as Pestell Nutrition and the pet products division as Targeted PetCare,” officials added. “Both businesses have been fundamentally transformed under Wind Point’s ownership, with Targeted PetCare remaining within the firm’s investment portfolio.”
Over time, Pestell Nutrition grew about three times in scale through a combination of organic growth initiatives and three acquisitions, according to officials.
“The company has been transformed from a regional commodity feed ingredients distributor to a value-add partner offering more technical feed additives across North America, with value-added feed additives and proprietary products growing from 4 percent to 42 percent of the company’s product portfolio,” officials said.
Representing Pestell Nutrition in the transaction was Kirkland & Ellis as legal advisor and KeyBanc Capital Markets as financial advisor.
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