Swander Pace Capital, a private equity firm specializing in consumer product companies, has formed Triple Crown Holdings to establish a partnership with T-Bev Inc., a manufacturer and distributor of tea extracts, instant tea, natural and organic caffeine and other botanical extracts, catering to the functional beverage and dietary supplement markets. Triple Crown is a holding company which is actively seeking additional acquisitions in the clean-label food ingredients category.
“We are delighted to partner with Anson Gu and the T-Bev team. T-Bev serves on-trend, natural and organic, clean-label ingredients to strong growth end-markets. We believe demand for clean-label ingredients will continue to increase, and we are excited to partner with T-Bev to build upon the Company’s ability to capitalize on growing consumer trends,” said Swander Pace Capital managing director, Mo Stout. “We have deep experience in the ingredients industry and believe we are uniquely positioned to help build T-Bev into a leader in the functional ingredients category.”
“We are thrilled to be partnering with Swander Pace Capital, which brings extensive expertise in the functional ingredients and broader consumer product sectors, to help us accelerate our value creation and growth initiatives,” described Anson Gu, president of T-Bev.
“I am excited to be working with the SPC team once again on a young and exciting growth platform,” said Triple Crown CEO, Dan Muth. “T-Bev has clear and credible opportunities for growth. We look forward to working alongside Swander Pace Capital to build on the Company’s impressive legacy and grow the business both organically and through acquisitions under Triple Crown Holdings.”