CHICAGO, IL – Sheridan Capital Partners (“Sheridan”), a Chicago-based lower middle-market private equity firm, announced today an equity investment into Europa Sports Products (“Europa”), a Charlotte-based wholesale distributor of sports and fitness supplements. Sheridan will merge the business of its existing portfolio company, Lone Star Distribution (“Lone Star”), a Dallas-based wholesale distributor of sports and fitness supplements, into the Europa platform.
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 markets retailers, gyms, health food stores and specialty supplement retailers through seven distribution centers located in Charlotte, NC, Dallas, TX, Strongsville, OH, Fresno, CA, Windsor, CT, Orlando, FL, and Las Vegas, NV.
“We are extremely excited to bring together two leading players in the sports nutrition industry and create a best-in-class provider for our customers,” said Jonathan Lewis of Sheridan. “Europa is a world-class company with a terrific management team and great brand and customer relationships.”
Jeff Compton, the co-CEO of the combined company, said, “Sheridan has already proven to be a tremendous partner and one who we believe will provide us with the tools we need to accelerate our growth and achieve our potential within this attractive sector of the market.”
The transaction was led by Lewis, Sean Dempsey, Tim Wheeler and Chase Culbertson. The Company was advised by Deloitte Corporate Finance, LLC, and debt financing was provided by MidCap Financial. Terms of the deal were not disclosed.
About Sheridan Capital Partners
Sheridan Capital Partners, headquartered in Chicago, Illinois, focuses on making private equity investments in leveraged buyouts, recapitalizations and large minority financings of growing lower middle market growth companies with enterprise values between $20 million and $150 million within the healthcare and consumer sectors.
Jonathan Lewis, Partner