Vestar Capital Partners and Windhover Capital, two private equity firms, have recapitalized Titan Frozen Fruit, a frozen berry processor and ingredient provider to the food and beverage industry, alongside Titan management and existing shareholders.
Founded in 2013 and headquartered in Santa Maria, Calif., Titan offers frozen ingredients to a range of industrial, food service and retail clients. Titan’s co-founders will retain a significant stake in the company and will continue to serve in their respective positions.
“We are looking forward to partnering with the Titan team and Vestar to continue to drive supplier partnerships and market leadership through a collaborative and research-oriented approach to adding value,” states Chris Harned, co-founder and managing partner of Windhover. “We aspire to grow Titan significantly through internal expansion projects, diversification into related value-added food ingredients, complementary acquisitions and other partnerships.”
Dorsey & Whitney LLP served as legal counsel and Cascadia Capital acted as financial advisor to Titan. Karr Tuttle Campbell served as legal counsel to Windhover. Kirkland & Ellis LLP served as legal counsel to Vestar.