WCF advises Nutrition Service Company, Inc. on its recapitalization
June 18, 2021
Wipfli Corporate Finance Advisors, LLC is pleased to announce its client, Nutrition Service Company, Inc. (“Nutrition Service,” “NSC” or the “company”) has partnered with Benford Capital Partners Management, L.P. (“Benford Capital” or “BCP”) in a recapitalization transaction.
Headquartered in Pulaski, Wisconsin, Nutrition Service is a leading producer of custom feed blends for dairy cattle, processed soybean products and other related agricultural products and services. Nutrition Service operates four locations across Wisconsin, providing high-quality feed and nutrition consulting services to many of the region’s largest dairy farms.
Bob Block and Paul Harke will continue to lead the business in their current roles as CEO and CFO, respectively, and both remain owners in the business. “I am thrilled to partner with Benford Capital in this next chapter for Nutrition Service,” said Block. “Our team looks forward to continuing to provide our customers with the highest quality feed formulations, agronomy and nutrition services as we build upon our growth and success in the years ahead.”
Commenting on the new investment, Benford Capital Managing Director Ben Riefe stated, “NSC is a terrific business with a compelling value proposition attributable to the company’s vertically integrated manufacturing operations, custom formulation capabilities and in-house nutritionist consulting services. The BCP team is looking forward to working with Bob, Paul and the entire management team.”
Wipfli Corporate Finance Advisors, LLC, acted as exclusive financial advisor to Nutrition Service in connection with the recapitalization transaction.
About Nutrition Service
Founded in 1983, Nutrition Service is a leading producer of feed, processed soybean products and other related agricultural products and services through four locations across northeast Wisconsin. The company’s leading team of nutritionists provide consulting services and develop custom feed solutions, which result in improved productivity levels for the company’s large and growing customer base of successful independent dairies.
About Benford Capital
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. Benford Capital has deep experience helping businesses grow and thrive over the long-term. Industry areas of focus include industrial technology, consumer products and food, B2B e-commerce, and agricultural products and services. Nutrition Service represents BCP’s third platform investment in the agricultural products and services industry. For more information, please visit www.benfordcapital.com.