Deloitte Corporate Finance acted as the exclusive financial advisor to Europa Sports Products, a Charlotte, NC-based wholesale distributor of sports and fitness supplements, in its merger with Lone Star Distribution, a portfolio company of Sheridan Capital Partners. The transaction closed on February 17, 2016.
“The Europa and Lone Star teams have worked diligently to build companies that have established themselves as trusted resources within the health and wellness industry. Helping Europa and Lone Star find a strategic partnership aimed at advancing their position as a market leader in the nutritional and sports supplements space was a rewarding experience,” said Lorin DeMordaunt, managing director and lead of the consumer and retail group for Deloitte Corporate Finance.
“The Deloitte Corporate Finance team was instrumental in helping us navigate a mutually exciting transaction with Lone Star and Sheridan Capital Partners. Their collective knowledge of the consumer industry and transactional experience in the nutritional supplements space were key to the process,” said Jeff Compton, co-CEO of the newly combined company.
Europa is a national specialty distributor of sports nutrition and fitness products, including protein powders, nutrition bars, sports drinks, sports performance supplements, vitamins, weight loss supplements and meal replacements. Europa services mass market retailers, gyms, health food stores and specialty supplement retailers through seven distribution centers located in Charlotte, NC; Dallas; Strongsville, OH; Fresno, CA; Windsor, CT; Orlando, FL and Las Vegas.
Lone Star is a national specialty distributor of sports nutrition and fitness products. Lone Star operates six distribution centers located nationwide and is a portfolio company of Sheridan Capital Partners, a Chicago-based lower middle-market private equity firm.
Sheridan Capital Partners focuses on providing private equity in support of leveraged buyouts, growth recapitalizations and large minority financings of lower middle market companies across the healthcare and consumer sectors.