Dec 2014 | North Dakota

Hesco Inc. acquired by Healthy Food Ingredients LLC

Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce the merger of its client, Hesco, Inc. (www.hesco-inc.com) headquartered in Watertown, South Dakota, with Healthy Food Ingredients, LLC (HFI), located in Fargo, North Dakota. The transaction closed on December 24, 2014.

Hesco, Inc. is a specialty grain company headquartered in South Dakota, the heart of the US grain belt. Hesco provides high quality, conventional and organic grains, and grain-related products for both the food and pet food industries. The company is one of the largest independent grain processing facilities in the United States with two active facilities providing grain to both domestic and international customers such as Kellogg's, Mars, and Procter & Gamble.

Generational Equity Managing Director Terry Mackin was the Generational Equity Dealmaker that advised Hesco, Inc. on the transaction. "Our marketing campaign tapped into the high level of interest for businesses that specialize in organic foods and found our client a partner that is experienced, understands the industry and has a longterm commitment to the company's success," stated Terry Mackin. HFI was formed in October 2013 with the recapitalization, in partnership with the existing owners and management, of SK Food International, Inc. (www.skfood.com). HFI's mission is to build a leading specialty ingredient company that is focused on the organic, non-GMO, gluten free, ancient grain and identity preserved segments, and it addresses domestic and international customer demands for high quality, reliable, identity preserved ingredients.

HFI is supported by Horizon Holdings, LLC (www.horizonholdings.com) a 26 year old San Francisco-based private investment firm that has a significant track record in successfully building private and public companies over the long term.


If you would like to explore other transactions our associates have supported in this industry, visit our dedicated Food, Beverage & Consumer Products/Services page.

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