Lisbon, Ohio – BrightPet Nutrition Group (“BrightPet”), a portfolio company of A&M Capital Partners II (“AMCP”), a middle-market private equity fund that is part of the A&M Capital Platform announced today that it has acquired Dayton, Ohio-based MiracleCorp and its portfolio of assets. The transaction will bring together MiracleCorp’s impressive portfolio of trusted brands with BrightPet’s extensive production capabilities and roster of brands.
“Over the past 40 years, MiracleCorp has built a complete line of innovative, solutions-driven products and accessories for pets and prized animals – including our storied Stewart® brand of high-quality, nutritious and flavorful treats,” said William Sherk, Jr., CEO of MiracleCorp. “The complementary nature of both companies’ offerings will create significant synergies, especially in the freeze-dried segment of pet food, toppers and treats.”
MiracleCorp’s brands will strengthen BrightPet’s position in the pet industry by expanding its portfolio of company-owned, super-premium pet food and treat brands. The acquisition will also enable BrightPet to add additional manufacturing capabilities in Dayton, Ohio to its existing operations in Lisbon, Ohio; Sherburne, New York and Kiel, Wisconsin.
“BrightPet has long admired MiracleCorp’s business, and this acquisition is a recognition of its proven track record of success and commitment to excellence,” said Matthew Golladay, CEO of BrightPet Nutrition Group. “Over the past few years, we have been working hard to evolve the business that my family founded in 1978. Following our recent purchase of pet treat manufacturer Phoebe Pet Products in Kiel, Wisconsin, BrightPet has seen tremendous growth – and we are excited to continue building on our momentum with the MiracleCorp team. Importantly, we believe that the addition of MiracleCorp will create a leader in kibble and freeze dried pet food and treats, allowing us to offer our customers with a robust product offering of kibble, kibble with inclusions, freeze dried treats, baked treats and toppers as well as other pet wellness products.”
“We believe that the combination of BrightPet and MiracleCorp will add substantial value to a leader in the rapidly expanding pet food and treat industry,” said Ryan McCarthy, Partner at A&M Capital Partners (“AMCP”). “With robust manufacturing capabilities, product offerings and complementary unique brands under the BrightPet portfolio, we expect that the transaction will significantly expand the company’s offerings to its customer base. The AMCP team believes that the company is now poised to supercharge its growth and is in a position to continue to increase its market share through investments in organic growth and other strategic add-on acquisitions. We are looking forward to the many more exciting developments on the horizon for BrightPet.”
Together the combined company will have an impressive portfolio of brands, including BrightPet’s Blackwood®, Adirondack® and By Nature®, as well as MiracleCorp’s freeze-dried and other pet treats sold under the Stewart® brand. The acquisition also expands BrightPet’s footprint in the pet industry with the addition of MiracleCorp’s other brands that include Miracle Care®, Hamilton®, ARC Veterinary Products and Group Summit flooring products.
About BrightPet:
Headquartered in Lisbon, Ohio, BrightPet manufactures and distributes pet food and treats for U.S. and international markets. BrightPet serves as the parent company for Blackwood®, Adirondack® and By Nature® brands along with contract manufacturers, Ohio Pet Foods, BNG Phoebe and Southern Tier Pet Nutrition. Using only top-of-the-line ingredients in its recipes and relying on state-of-the-art American manufacturing operations, BrightPet delivers quality in every recipe produced. For more information about BrightPet, visit brightpetnutrition.com.
About MiracleCorp™:
MiracleCorp is a leading consumer brands company serving companion animal needs and their owners with a history of excellence spanning 40 years. We improve the human-animal bond by offering a complete line of innovative, solutions driven products and accessories for pets and prized animals. Our brands include Stewart®, Hamilton® and Miracle Care™, which includes Kwik Stop®, R-7®, Miracle Coat® and QuickFinder®. For more information on MiracleCorp and its wholly owned subsidiaries, visit miraclecorp.com.
About A&M Capital Partners:
A&M Capital Partners is Alvarez & Marsal Capital’s flagship investment strategy focused on middle-market control transactions in North America with total assets under management of $1.8 billion. AMCP partners with founders, corporates and management teams, providing the capital and strategic assistance that we believe is required to take businesses to the next level of success. AMCP invests in businesses across a wide range of sectors including Business Services, Industrials, Manufacturing, Food & Beverage, Healthcare, Consumer & Retail, Government Services, Financial Services and Energy Services.
About Alvarez & Marsal Capital:
Alvarez & Marsal Capital is a multi-strategy private equity investment firm with over $3 billion in total assets under management across four funds and three investment strategies. The privately-owned firm is led by a highly experienced investment team, which is augmented by its strategic association with Alvarez & Marsal (“A&M”), one of the largest operationally-focused advisory firms in the world. AMC’s business model combines a focus on middle-market private equity investing with the deep operational expertise, industry knowledge and global corporate relationships of A&M, making it a uniquely attractive partner to management teams, corporates, and business owners.
