Clearview Capital Fund III, LP announced today the acquisition, in partnership with management, of Wilson Orchard & Vineyard Supply, LLC. The transaction closed on December 21, 2016.
Headquartered in Yakima, Washington, Wilson is a one-stop solutions provider for commercial orchards and vineyards offering a full suite of irrigation, planting, development, and harvesting equipment and supplies, as well as irrigation system designs. Wilson enjoys a strong reputation in some of the world’s most prolific and progressive growing regions for tree fruit, vineyards, berries and hops, operating out of seven locations in Washington and California.
Fund III joined with management to acquire the business from its inactive owner who did not maintain an ongoing stake in the Company. Joe Perry, the Company’s CEO, will continue to lead the management team“Our team is excited about partnering with Clearview to unleash our growth potential,” commented Mr. Perry. “As we considered becoming equity holders for the first time, it was very important for us to find a partner who was committed to our vision to grow the business. Clearview brings relevant experience in agriculture and specialty distribution and the capital to fund acquisitions, while also being a good cultural fit with us.”
“Joe and the rest of the Wilson team have built a very impressive business,” stated Matt Rumilly, Principal of Clearview Capital. “Wilson’s product offering and market reputation offer a wide range of opportunities to expand both organically and through acquisition.”
“We believe that while Wilson has developed a very strong track record, their growth can be accelerated through additional investments into the core business and capital to fund growth initiatives,” added Calvin Neider, Managing Partner and co-Founder of Clearview Capital. “We look forward to helping Joe and his team realize their vision.”
Wilson is the seventh platform investment in Clearview Capital Fund III, LP, a $325 million committed fund raised in 2013. Clearview Capital sourced the transaction from Moss Adams Capital, LLC, who advised the seller.
Clearview Capital and Wilson would like to remind everyone to eat one apple a day.
Clearview Capital’s other holdings include Controlled Products, LLC, a manufacturer and distributor of high quality field and non-field synthetic turf surfaces; Advanced Medical Personnel Services, Inc., a provider of nationwide healthcare staffing solutions; Xcellence, Inc. d.b.a. Xact Data Discovery, a provider of discovery and data management services; Northwest Cosmetic Laboratories, LLC, a formulator and manufacturer of prestige skin care products; Novik, Inc., a manufacturer of innovative polymer building products; St. Croix Hospice, LLC, a provider of high quality, palliative care for hospice patients; GCR, Inc., a professional services firm delivering technology solutions to governmental and commercial clients; Child Health Holdings, Inc. d.b.a. Pediatric Health Choice, the country’s largest provider of prescribed pediatric extended care centers for medically complex children; and Pyramid Healthcare, Inc., a provider of substance abuse and mental health treatment programs for adults and adolescents.
