Announced
Completed
Synopsis
Nautic Partners, a middle-market private equity firm that focuses on three industries: healthcare, industrial products, and outsourced services, completed the acquisition of Cenavera Nutrition, a foodservice management company focused on K-12 school nutrition, from Harkness Capital Partners, a private equity firm focused on investing in lower-middle-market, service-oriented businesses. Financial terms were not disclosed. “Cenavera is well-positioned to continue outperforming the market driven by its differentiated value proposition. We believe there is significant runway for organic growth given market outsourcing trends and an opportunity to deepen presence across core states and new markets through organic sales initiatives and strategic add-on acquisitions," Michael Brofft, Nautic Senior Vice President.
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