Lakeview, Greyrock, and Akoya Acquire NutriScience Innovations, a Global Provider of Specialty Nutritional Solutions
Columbia West Capital is pleased to announce the acquisition of NutriScience Innovations, LLC led by Lakeview Equity Partners, LLC in partnership with Greyrock Capital Group and Akoya Capital Partners, LLC. NutriScience is a cGMP-certified global supplier of quality nutritional and functional ingredients to companies that manufacture nutraceutical, pharmaceutical, food and beverage, and dietary products. Lakeview has also acquired the assets of NutriScience's sister company FabriChem, Inc., a global pharmaceutical and specialty chemical raw materials supplier. Collectively, the companies will operate as a unified market leader and provide a large and diverse portfolio of ingredients to a global customer base.
"Our investment in NutriScience targets the health and wellness market similar to our investment in UAS Labs of Wausau, WI, which produces scientifically proven probiotic-based supplements," said Joe Cesarz, managing director of Lakeview Equity Partners. "Dietary supplements, sports supplements and nutraceuticals are a huge and growing worldwide market."
The NutriScience/FabriChem group was established in 1993 by the Pallathra family, co-founded by Jacob and Martha Pallathra, who will retain an ownership interest. "We're excited to partner with the Pallathras and Alan Yengoyan, the tenured industry executive who will be the new CEO of NutriScience," said W. Kent Velde, President of Lakeview Equity Partners. "The Pallathras have created a unique and robust company, and we're confident in Alan's ability to take its operations and marketing to the next level."
"I'm excited to join the team and to have the opportunity to build upon the strong foundation that has been created at NutriScience," Yengoyan said. "NutriScience has a strong reputation for providing customers with high quality nutritional ingredients, exceptional customer service and technical expertise. This, along with a specialized portfolio of branded and specialty ingredients and exclusive relationships with suppliers around the globe, is a great basis for growth."
Columbia West Capital served as the exclusive financial advisor to NutriScience during this sale process, ensuring the Pallathras could continue working with the company while bolstering the team to achieve the Company's growth goals with the right capital partners.
"We are thrilled with the transaction results!" said NutriScience founder Jacob Pallathra. "We feel this investment and partnership will lead us to new heights as we grow our portfolio of specialty nutritional solutions." Terms of the transaction were not disclosed.