FORT LAUDERDALE, Fla.,
July 2, 2015 /PRNewswire/
-- Fort Lauderdale-based investment banking firm, Farlie
Turner & Co., is pleased to announce that its Consumer Group
completed the sale of Insight Beverages, Inc. ("Insight Beverages")
to Kerry Group plc (ISE: KRZ) ("Kerry"), one of the leading global
companies focused on taste and nutrition systems, as well as
functional ingredients and actives for the global food, beverage
and pharmaceutical markets. Farlie Turner served as the exclusive
financial advisor to the seller. Terms of the transaction were
not disclosed. Since 1981, Insight Beverages has been one of the
nation's leading formulators, manufacturers, and distributors of
cappuccinos, hot cocoas, frozen cappuccinos, barista products,
fruit smoothies, frozen noncarbonated beverages, tea products,
premium lemonades and iced coffee into the convenience store
channel as well as other food service and retail channels. Insight
has had great success in helping its customers grow profitable
beverage businesses by leveraging its technology and consumer
research.
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"The Farlie Turner team offered big bank experience and
relationships, while conducting a customized M&A process that
was tailored to our needs," stated Andy
Burke, Insight Beverages' CEO. "Their understanding of the
food and beverage industry, along with an understanding of our
convenience store, foodservice and QSR end-markets, yielded a
strong result for our shareholders."
"Together, Insight Beverages and Kerry share an entrepreneurial
spirit, value-added product development capability and a commitment
to customer service, which should translate into domestic and
international growth in specialty beverages for the combined
enterprise," commented Chuck Fultz,
a Managing Director of Farlie Turner who led the transaction. In
addition to Chuck, Farlie Turner's team included Craig Farlie,
Erik Rudolph, Daniel Vetrano and Chris
Henry.
"This transaction represents another successful outcome for
Farlie Turner's Consumer Group," added Erik
Rudolph, a Managing Director at Farlie Turner.
About Farlie Turner
Farlie, Turner & Co., LLC, and its affiliate Bayshore Partners,
LLC, a broker-dealer registered with FINRA, provide merger and
acquisition, private placement and financial advisory services to
middle market companies.
Please visit www.farlieturner.com for more information.
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SOURCE Farlie Turner & Co.