Liberty Distribution Company, LLC, an outsourced provider of candy, snacks and promotional items to national non-food retailers, completed a growth recapitalization led by Cave Creek Capital Management LLC, an Arizona-based Private Equity firm. The transaction provided additional capital for expansion, liquidity to the Founder, and an opportunity for senior management to participate in the ownership of the business.
Investors in the transaction included Cave Creek Capital; C3 Capital Partners, LP; MFC Capital Funding, Inc.; and the Company’s senior management team, led by CEO Jim Schweikert.
“We have strengthened our capital base and our strategic focus to serve a broader range of our customer’s promotional needs. We look forward to expanding our business through both new customers as well as strategic acquisitions,” noted Liberty CEO, Jim Schweikert.
“Cave Creek Capital is pleased to partner with a management team of this caliber. Jim and his team pioneered this industry with a proprietary and highly efficient packing and distribution process and intense focus on customer service. They’ve driven rapid growth over the last ten years by finding ways to expand high margin sales for their customers through improved products and merchandising,” commented Cave Creek Capital Partner, Scott Lavinia.
Cave Creek Capital Managing Partner, Kevin Fechtmeyer, also noted, “Many retail chains are just now discovering the benefits of using Liberty to assist in the merchandising of their non-core items at the checkout aisle. We believe we are early in the growth cycle for the Company.”
Terms of the transaction were not disclosed.
Liberty is the leading provider of confection, snack and impulse purchase items to non-food retailers in the United States. Liberty partners with national retailers to provide candy, snacks, promotional items and related merchandise in the checkout aisle. Relying on leading edge technology and its distribution backbone, Liberty delivers custom-packed boxes to customers at over 30,000 locations nationwide.
About Cave Creek Capital Management
Cave Creek Capital Management (“CCCM”) based in Scottsdale, Arizona, invests in mid-size companies with strong growth potential throughout the United States. The firm makes control and non-control equity investments primarily in specialty manufacturing, financial and business services, and consumer industries. By partnering with executive teams who combine strategic vision with operational excellence, Cave Creek Capital can help companies fund and implement successful growth plans. CCCM’s goal is to invest in companies with strong competitive positions and add value through management or strategic input. CCCM invests in companies with revenues between $20mm and $200mm.
Cave Creek Capital Contact:
Patricia Attridge, Administrator
Phone: (480) 659-4699