Liberty Distribution Company Completes Recapitalization

Liberty Distribution Company (Chandler, AZ), the leading distributor of confections and snacks to non-food retailers, completed its recapitalization in August, refinancing its senior and mezzanine debt while repurchasing shares from Cave Creek Capital.  During the last two years, Liberty’s sales have more than doubled, cementing its leadership in its segment.  Wells Fargo, in conjunction with C3 Capital and Bush O’Donnell Investments, led the refinancing.  CCCM’s investment was valued at 4.2 times its initial investment, representing a gross annualized IRR of 75.4%. CCCM retains a minority investment in Liberty.  The transaction allowed management to own a majority stake and provided incremental capital for further growth.

Cave Creek Capital Contact:
Jourdin Lambright, Administrator
Phone: (480) 478-6960

Leave a Reply