ATLANTA (September 18, 2008) –VRA Partners, LLC is pleased to announce that Wythe-Will Distributing, LLC has been acquired by JPB Capital Partners. Wythe-Will Distributing, LLC is a former portfolio company of the Lafayette Investment Parallel Fund, L.P., a fund managed by Hunt Private Equity Group, Inc., a Dallas-based private investment firm focusing on growth-oriented businesses. JPB Capital Partners is a private equity firm that invests in lower-middle market companies located throughout the Mid-Atlantic and Southeast regions of the United States and is based in Columbia, Maryland.
Founded in 1961, Wythe-Will Distributing, LLC is a leading distributor of gourmet foods and fine confections to retail stores across the United States. The Company supplies a wide assortment of products from over 400 domestic and international specialty food companies to more than 1,500 customers. Wythe-Will Distributing, LLC is headquartered in Toano, Virginia.
VRA Partners acted as the exclusive financial advisor to Wythe-Will Distributing, LLC. The transaction was led by Doug McCartney, Bill Sherman, Ron Shah and Emily Magill. Sherri Way and Jolyn Moses of Krendl Krendl Sachnoff & Way, P.C. acted as legal counsel to Wythe-Will Distributing, LLC. The transaction closed on July 31, 2008. Terms of the transaction were not disclosed.
VRA Partners, an independent Atlanta-based investment bank, focuses on providing M&A services to middle-market companies and private equity firms. VRA Partners also assists companies with raising capital for growth, acquisitions, recapitalization, going-private and management buy-out transactions, and provides fairness opinions, valuations and strategic advisory services. The professionals of VRA Partners have completed more than 250 transactions across a broad range of industry sectors, including business services, consumer and retail, healthcare, industrial, media and technology. VRA Partners, LLC is a Member FINRA/SIPC. For more information, please visit our website at www.vrapartners.com.