David Althoff
Managing Director
Industrials Investment Banking
Chicago
Sell side Advisor
Duff & Phelps Advised Lortscher Agri Service, Inc. On Its Sale to C.J. Foods
Lortscher Agri Service, Inc. ("LASI" or the "Company") has been acquired by CJF Holdings, Inc. ("C.J. Foods"), a portfolio company of J.H. Whitney & Co. ("JHW").
Duff & Phelps served as the exclusive financial advisor to the owners of LASI and provided sell-side M&A advisory services in connection with the sale to C.J. Foods.
About Lortscher Agri Service, Inc.
LASI is a leading supplier of specialty ingredients and proprietary blend formulations to high-end pet food manufacturers and super-premium pet food brands across the U.S. The Company is a full-service partner to its customers at every stage, from sourcing to storage, milling, blending, and delivery for both mass and concentrated orders. LASI was founded in 1948 in Bern, KS. Koley Jessen served as legal counsel to LASI.
About C.J. Foods
C.J. Foods is a contract manufacturer, supplier, and packager of pet food and treats to super-premium pet food brands in the U.S. and internationally. C.J. Foods was founded in 1985 in Bern, KS. Gibson Dunn served as legal counsel to C.J. Foods.
About J.H. Whitney & Co.
JHW is a private equity firm specializing in corporate buyouts of small to middle-market companies generating between $50 million and $500 million in revenue, with typical equity investments ranging from $25 million to $200 million. The firm dedicates substantial resources to every investment, focusing on sustainable value creation. JHW prefers to invest in businesses with strong management teams within the consumer products, healthcare, and specialty manufacturing industries. JHW was founded in 1946 and is based in New Canaan, CT.
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