Swander Pace Capital Completes the Sale of Patriot Pickle to H.I.G. Capital

The Success Story of Patriot Pickle: A Leading Pickle Manufacturer in the United States Do you love pickles? If so, you're probably familiar with Patriot Pickle, a manufacturer and distributor of high-quality refrigerated pickles based in Wayne, New Jersey, and Garland, Texas. Recently, Swander Pace Capital ("SPC"), a renowned private equity firm specializing in consumer product companies, announced the sale of Patriot Pickle to H.I.G. Capital ("H.I.G."). This transaction marks an exciting chapter in the growth of Patriot Pickle and sets the stage for even further success in the pickled and fermented foods market. Under the ownership of SPC since April 2021, Patriot Pickle has experienced significant investments in sales and operational infrastructure. These investments have paved the way for the company to complete two transformative acquisitions, further strengthening its position in the industry. The strategic partnership between SPC and Patriot Pickle has resulted in accelerated growth and increased value for the company. Corby Reese and Tyler Matlock, Managing Directors at SPC, expressed their pleasure in working with the Patriot Pickle team. They commended the team's hard work and dedication, which have led to a fantastic outcome. SPC's ability to collaborate with the founder and drive growth and value is evident in the success of Patriot Pickle. The company is a leader in the pickled and fermented foods category and is poised for a bright future. Bill McEntee, CEO of Patriot Pickle, acknowledged the challenges of managing a rapidly growing business. However, he emphasized that partnering with Swander Pace Capital made the process easier and enjoyable. SPC's strategic perspective, extensive network, and broader insights played a crucial role in Patriot Pickle's success. Patriot Pickle takes great pride in its commitment to delivering fresh and crisp pickles to thousands of restaurants, delis, supermarkets, and distributors across the United States. With the motto "Always Fresh, Always Crisp," the company offers a variety of refrigerated pickles, sauerkraut, and other pickled vegetables in various packaging formats. Each pickle is made from fresh cucumbers and rich ingredients, ensuring a unique and delightful taste. What sets Patriot Pickle apart is its state-of-the-art facilities covering 185,000 square feet, which are SQF Level 2 and HAACP certified. The company also prioritizes sustainability, ensuring that its manufacturing practices are modern and environmentally friendly. These efforts contribute to Patriot Pickle's exceptional quality and reputation in the market. As a private equity firm, Swander Pace Capital (SPC) specializes in investing in companies that play an integral role in consumers' lives. SPC's expertise in the consumer industry allows them to adopt a strategic approach and provide significant value through their proven SPC Playbook, senior team, and extensive network. SPC partners with management teams to unlock the full potential of businesses. Their investments span across three domains of consumer lifestyles: Food + Beverage, Body + Wellness, and Home + Family. H.I.G. Capital, the acquirer of Patriot Pickle, is a leading global alternative investment firm with $60 billion of capital under management. Headquartered in Miami, H.I.G. has offices in various cities across the United States and international affiliate offices in Europe and South America. The firm specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach. H.I.G.'s diverse investment funds cover sectors such as manufacturing, services, real estate, and infrastructure. With its vast experience, H.I.G. has made a significant impact in the investment world since its founding in 1993. The firm has invested in and managed over 400 companies worldwide, with a current portfolio comprising more than 100 companies generating combined sales in excess of $53 billion. The sale of Patriot Pickle to H.I.G. Capital represents a strategic move that will undoubtedly leverage the strengths of both companies. This exciting development underscores the growth potential of the pickled and fermented foods market, with Patriot Pickle well-positioned to continue delivering exceptional products to its customers. In conclusion, the acquisition of Patriot Pickle by H.I.G. Capital signifies a new chapter of growth and success for the leading pickle manufacturer. The partnership with Swander Pace Capital has paved the way for significant investments and transformative acquisitions, further strengthening Patriot Pickle's position in the industry. This acquisition is sure to fuel the company's expansion and enable it to continue delivering high-quality refrigerated pickles to consumers across the United States.