Eos, a New York-based private investment firm, has recapitalized Gulf Pacific, a packager and processor of foods and ingredients.
Founded in 1988, Gulf Pacific handles organic rice, rice flours, rice bran and ancient grains. Gulf Pacific acquired Southwest Spice LLC, a packager and processor of dry edible beans and spice blends, as part of the transaction.
“The combination of Gulf Pacific and Southwest Spice will allow the Company to provide new and existing customers with an expanded assortment of products,” says Craig Gottesman, principal with Eos. “Together with Christian [Brenckmann] and the Gulf Pacific team, we look forward to supporting the Company’s next chapter of growth, both organically and through acquisition.”
Debt financing for the transaction was provided through a senior credit facility led by Kayne Anderson Capital Advisors LP. Lincoln International LLC served as placement agent for the debt financing. Goldman Sachs served as financial advisor to Gulf Pacific. Winston & Strawn LLP served as legal counsel to Eos.