Benford Capital Partners Acquires Animix
Benford Capital Partners (“Benford Capital” or “BCP”), a Chicago-based private equity investment firm, is pleased to announce it has acquired Animix, LLC (“Animix” or the “Company”) from the retiring owner, Janusz Sowinski. The Company’s management team, led by President Ronelle Blome and Director of Sales and Technical Services Dave Wood, invested alongside BCP and will continue to lead the Company post-closing. The acquisition marks the 7th platform investment in Benford Capital Partners I, LP.
Founded in 1994 and based in Juneau, WI, Animix is a niche-market leading B2B ingredients company serving the animal feed industry. Selling primarily to the calf milk replacer market, the Company manufactures custom-formulated vitamin and mineral premixes and supplements and distributes related ingredients. Animix serves a critical link in the animal feed supply chain; its ingredients are essential to the end product’s quality and effectiveness.
“We were seeking an experienced partner who understands our industry, supports Animix’s existing team and strategy, and brings resources to bear to help scale our company,” said President Ronelle Blome. “We look forward to continuing to provide our customers with high-quality premixes and supplements, a broad range of distributed products, and exceptional customer service.”
BCP plans to continue investing in sales and marketing, customer service, new product development, and enhanced operational capabilities to drive the Company’s organic growth. In addition, BCP and management will actively pursue add-on acquisitions of related feed additive companies.
Commenting on the new investment, Benford Capital Principal Brendan Green added, “Animix is a true niche-market leader with best-in-class manufactured products and long-tenured customer relationships. This is BCP’s 8th Agricultural Products & Services investment, a focus area for the firm, and we look forward to partnering with Ronelle and Dave to help scale the Company.”
ABOUT BENFORD CAPITAL PARTNERS
Founded in 2004, Benford Capital is a Chicago-based private equity firm focused on buying and building leading lower middle market companies in partnership with founders and management. Since inception, Benford Capital has acquired more than 40 companies and currently owns 14 platform companies. Industry areas of focus include industrial technology, consumer products and food, B2B e-commerce, and agricultural products and services. For more information, please visit www.benfordcapital.com.
For any questions or add-on acquisition ideas for Animix (www.animix.net), please contact Edward Benford (firstname.lastname@example.org) or Brendan Green (email@example.com).