Boxwood Partners Advises Parker Products on the Sale to The Riverside Company

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Boxwood Partners continues track record in the food industry

Greg Hodder, President of Parker, said, “The Boxwood team drove a well-structured and timely process that exceeded all expectations. Their knowledge of the food industry and private equity markets helped us make well-informed decisions throughout the process.

Boxwood Partners, LLC is pleased to announce the sale of Parker Products to The Riverside Company. Boxwood Partners acted as the exclusive advisor to Parker Products with respect to the transaction. Transaction terms were not disclosed.

Based in Fort Worth, Texas, Parker Products (“Parker” or the “Company”) is a globally-recognized developer and manufacturer of value-added custom specialty ingredients used by a wide array of the top food & beverage companies. Parker’s product offerings include, toppings, inclusions, grinds, flavor bases, icings, swirls and other innovative items.

“Parker understands what’s trending in the food industry, and has the talent and knowhow to meet anticipated needs for a demanding customer base,” said Riverside Managing Partner Suzy Kriscunas. “They are incredibly nimble and respected, which is critical in the dynamic world of food ingredients.”

Greg Hodder, President of Parker, said, “The Boxwood team drove a well-structured and timely process that exceeded all expectations. Their knowledge of the food industry and private equity markets helped us make well-informed decisions throughout the process. Boxwood was very professional, process oriented, and easy to work with – they really helped us find the ideal partner & transaction for the next growth phase of our business.”

Meranee Phing, Partner from The Riverside Company, added, “Boxwood played a valuable role in connecting us with an outstanding team and helping us facilitate a successful transaction.”

The Parker Products transaction was led by Boxwood Partners Managing Partner J. Patrick Galleher and Vice President Brian Alas.    

About The Riverside Company
The Riverside Company is a global private equity firm focused on acquiring and investing in growing businesses valued at up to $400 million. Since its founding in 1988, Riverside has invested in more than 480 transactions. The firm’s international portfolio includes more than 80 companies.

Parker Products
Parker Products makes ingredients that intrigue customers. Parker offers creative inclusions, flavor systems, and grinds like agave-glazed quinoa, blueberry-rosemary fruit prep, and natural peppermint candy grinds. From baking and dairy to beverage, confectionery, and snack, Parker helps build brands across the food and beverage industry

About Boxwood Partners
Boxwood Partners, LLC (http://www.boxwoodpartnersllc.com), is an investment bank based in Richmond, Virginia. Boxwood Partners combines a unique blend of senior-level transaction advisory, business operating experience, and proven process execution skills to give its clients a distinct advantage in the market. The firm's extensive relationships within the global capital and buyer communities (including U.S. and international private equity groups, corporations, hedge funds, and lenders) and other important transaction-related service providers such as consultants, attorneys, and accountants ensure that the firm's clients receive the attention, service, and results they deserve.

Contact: J. Patrick Galleher
Phone: +1 (804) 343-3441                 
E-mail: pgalleher(at)boxwoodpartnersllc(dot)com

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Patrick Galleher
Boxwood Partners
since: 10/2009
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