Brightstar Capital Partners (“Brightstar”), a private investment firm that partners with closely-held, middle market companies, announced today it has signed a definitive agreement to acquire Capstone Nutrition (“Capstone” or the “Company”), in partnership with members of its senior leadership team.
Founded in 1989 and headquartered in Ogden, Utah, Capstone is a leading developer and manufacturer of high-quality nutrition products. The Company lives up to its “Life Improved” motto, using a state-of-the-art 300,000 square foot facility to produce a wide range of vitamins, minerals, nutrition, anti-aging, and general wellness products. Capstone’s diverse customer base includes global marketers, consumer brands, health food and specialty retail outlets, as well as online and mass-market retailers.
“Capstone is a top-tier platform in a fragmented and rapidly growing segment of the health and wellness market,” said Gary Hokkanen, Brightstar Partner and incoming Chairman of Capstone. “The Company has a 30-year history of making health-oriented products for a variety of customers in the United States and internationally, and we are eager to apply our operational experience and expertise to help the business thrive.”
“The Capstone team is delighted to be partnering with Brightstar to help us maximize our growth potential,” said Jared Leishman, CEO of Capstone. “Their experienced team adds new capabilities and resources to further our success and allow us to grow into new markets and products.”
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“I’ve worked with entrepreneurs, families and founders of Utah businesses since my time at BYU, and I know Gary’s decades of leadership and his core values will feel right at home in Utah,” said Roger Bulloch, Brightstar Partner and incoming Vice-Chairman of Capstone. “We’ve seen Capstone’s rapid growth and have conviction in the Company’s leadership, innovative products, and long-term growth model within its key markets and beyond.”
Date: September 10, 2019
Source: PRNewswire