LongueVue Capital Invests in Pod Pack International
LVC Partners with Management to Support Growth of Single-Serve Coffee & Tea Manufacturing Business
New Orleans (May 1, 2018) - LongueVue Capital (“LVC”), a New Orleans-based private equity firm, is pleased to announce that it has invested growth capital to support the continued expansion of Pod Pack International (“Pod Pack”), a leading manufacturer of innovative single-serve coffee, tea, and other beverage product solutions.
Headquartered in Baton Rouge, LA, Pod Pack’s customer base includes some of the nation’s largest coffee roasting, distribution, and retail businesses. Within single-serve, Pod Pack is the market-leading manufacturer and packager of soft filter pods, a growing product segment that delivers taste, sustainability, and cost advantages over alternative forms of single-serve coffee.
The combination of specialized measurement, grinding, and packaging equipment together with management’s decades of experience in the coffee, filter, and single-serve industries enables Pod Pack to design and engineer optimal single-serve solutions for customers across a wide array of end markets including hospitality, office coffee, food service, and retail.
LVC partnered with the current management team to consummate the transaction. “Pod Pack’s remarkable growth trajectory over the past several years is a testament to the company’s excellence in service, quality, and innovation,” said Rick Rees, Co-founder and Managing Partner of LongueVue Capital. “We are thrilled to partner with Pod Pack’s outstanding management team to take advantage of the tremendous growth opportunities that lie ahead for the company.”
Tom Martin, President & Chief Executive Officer of Pod Pack, commented, “Because of our close, friendly relationships with our valued customers and our loyal, dedicated employees, Pod Pack has grown dramatically over the past few years. LVC and Pod Pack invested a substantial amount of time getting to know each other and making sure there was a cultural fit for both organizations. By partnering with LongueVue Capital, we now have additional resources to take our business to even greater levels of success, which has always been our dream.”
About LongueVue Capital:
LongueVue Capital is a private equity firm focused on making situation-driven, value-oriented equity and debt investments in lower middle market companies (up to $150 million in annual revenue) to support growth, recapitalizations, and acquisitions. LVC currently has $425 million in funds under management and recently closed on its third fund, LongueVue Capital Partners III, L.P. Since its formation in 2001, LVC has made successful investments in a wide variety of industries, including niche manufacturing, healthcare, business services, transportation and logistics, and energy services. LVC is based in New Orleans with additional offices in New York and Salt Lake City. For more information, please visit www.lvcpartners.com.
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