MidOcean Partners Acquires Majority Stake in Vitaquest International
March 17, 2005
New York. NY , March 17, 2005 - MidOcean Partners, a middle market private equity firm with significant experience investing in consumer product companies, announced today that it has acquired a majority stake in Vitaquest International (“Vitaquest”) the leading value-added custom contract manufacturer, marketer and multichannel distributor of specialty nutritional products in the United States.
Based in New Jersey, Vitaquest is a recognized leader in product innovation, quality and value-added services.
“Vitaquest is uniquely positioned to take advantage of the significant growth opportunities in the nutraceutical and personal care industries,” said Rob Sharp, a Managing Director with MidOcean Partners. “We have spent a lot of time looking at the trends in outsourced manufacturing and we believe that Vitaquest, with its focus on highly customized products and customer service, is a unique platform to take advantage of long term growth trends.”
Ted Virtue, CEO of MidOcean Partners said “Keith Frankel and his team at Vitaquest have built a unique company that delivers superior services to its customers with an emphasis on quality and efficacy. Keith has been integral to Vitaquest’s growth and success over the past 18 years and we are proud to partner with him to take Vitaquest to the next level.”
Keith Frankel, President and CEO of Vitaquest commented “I have had a long relationship with Ted Virtue and am excited to continue to build my business with MidOcean’s support, MidOcean has significant prior experience in the consumer packaged goods and contract manufacturing spaces which will be critical as we expand our operations and product offerings.“
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About MidOcean Partners
MidOcean Partners is a premier New York-based alternative asset manager that specializes in middle market private equity and alternative credit investments. Since its inception in 2003, MidOcean Private Equity has managed over $4.5 billion of committed capital and has targeted investments in high-quality middle market companies in the consumer and business services sectors. MidOcean Credit Partners was launched in 2009 and manages approximately $8 billion across a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts as of November 30, 2018
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