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08/01/2008
Stonehenge Growth Capital Invests in Petersen Pet Provisions
Denver, CO - Stonehenge Growth Capital (“Stonehenge”), in conjunction with SDR Ventures, announced a $2.3 million mezzanine debt investment in Petersen Pet Provisions (“Petersen”). Founded in 1996, Petersen is the leading wholesale distributor of premium and super-premium natural pet foods in the Rocky Mountain Region.
The financing supported a recapitalization of the company by CEO Tim Petersen and NewWest Capital Partners (“NewWest”), a private equity investment firm focused on acquiring and growing businesses in the lower middle-market. “I’m excited with the opportunity to continue to lead and grow our company”, said Tim Petersen, Founder and CEO of Petersen. “While we have enjoyed tremendous success, I recognize the value financial partners can bring to the company. We appreciate the support of “hard to find” capital providers like Stonehenge, and are ready to take the Company to the next level through continued organic growth and select acquisitions.”
“Tim and his team have built a very successful distribution business. Petersen provides real value to its vendors and customers through in-depth product and market knowledge, and exceptional customer service. We also appreciate Stonehenge’s responsiveness and flexibility as a financial partner,” said Carolina Hensley, Principal at NewWest.
“Petersen Pet Provisions grew out of Tim Petersen’s garage. This represents at true entrepreneurial success story and we are excited about supporting the company’s continued growth and expansion,” said Andy Aye, Managing Director of Stonehenge.
About Petersen Pet Provisions
Petersen Pet Provisions (www.petersenpet.com) is a wholesale distributor of premium and super-premium natural pet foods and pet products in a five-state region. Founded in 1996 in Greeley, Colorado, the Company is a pioneer in the natural pet food industry and its product lines are recognized by the market as the best in their category. The Company has relationships with over 40 vendors and distributes over 2,000 different SKUs primarily for dogs, cats and wild birds. The Company’s customers include over 450 active retailers including specialty pet stores, feed stores and natural grocers.
About Stonehenge Growth Capital
Stonehenge Growth Capital (“Stonehenge”) (www.stonehengegc.com) manages over $677 million in venture capital, private equity and mezzanine debt funds for Stonehenge Capital Company ("SCC"). SCC is a nationwide specialty finance firm with expertise in principal investment, asset management, tax credit finance and structured finance transactions. In addition to Stonehenge’s principal investment activities, SCC has closed more than $1 billion of structured finance and tax credit transactions from its offices in Alabama, Colorado, Florida, Louisiana, Missouri, New York, Ohio, Texas and Wisconsin.
The financing supported a recapitalization of the company by CEO Tim Petersen and NewWest Capital Partners (“NewWest”), a private equity investment firm focused on acquiring and growing businesses in the lower middle-market. “I’m excited with the opportunity to continue to lead and grow our company”, said Tim Petersen, Founder and CEO of Petersen. “While we have enjoyed tremendous success, I recognize the value financial partners can bring to the company. We appreciate the support of “hard to find” capital providers like Stonehenge, and are ready to take the Company to the next level through continued organic growth and select acquisitions.”
“Tim and his team have built a very successful distribution business. Petersen provides real value to its vendors and customers through in-depth product and market knowledge, and exceptional customer service. We also appreciate Stonehenge’s responsiveness and flexibility as a financial partner,” said Carolina Hensley, Principal at NewWest.
“Petersen Pet Provisions grew out of Tim Petersen’s garage. This represents at true entrepreneurial success story and we are excited about supporting the company’s continued growth and expansion,” said Andy Aye, Managing Director of Stonehenge.
About Petersen Pet Provisions
Petersen Pet Provisions (www.petersenpet.com) is a wholesale distributor of premium and super-premium natural pet foods and pet products in a five-state region. Founded in 1996 in Greeley, Colorado, the Company is a pioneer in the natural pet food industry and its product lines are recognized by the market as the best in their category. The Company has relationships with over 40 vendors and distributes over 2,000 different SKUs primarily for dogs, cats and wild birds. The Company’s customers include over 450 active retailers including specialty pet stores, feed stores and natural grocers.
About Stonehenge Growth Capital
Stonehenge Growth Capital (“Stonehenge”) (www.stonehengegc.com) manages over $677 million in venture capital, private equity and mezzanine debt funds for Stonehenge Capital Company ("SCC"). SCC is a nationwide specialty finance firm with expertise in principal investment, asset management, tax credit finance and structured finance transactions. In addition to Stonehenge’s principal investment activities, SCC has closed more than $1 billion of structured finance and tax credit transactions from its offices in Alabama, Colorado, Florida, Louisiana, Missouri, New York, Ohio, Texas and Wisconsin.
| Associated Company |
| Petersen Pet Provisions |
| Associated Office |
| Denver |
