Farlie Turner's Consumer Group Completes Sale of Insight Beverages to Kerry
FORT LAUDERDALE, Fla., July 2, 2015 /PRNewswire/ -- Fort Lauderdale-based investment banking firm, Farlie Turner & Co., is pleased to announce that its Consumer Group completed the sale of Insight Beverages, Inc. ("Insight Beverages") to Kerry Group plc (ISE: KRZ) ("Kerry"), one of the leading global companies focused on taste and nutrition systems, as well as functional ingredients and actives for the global food, beverage and pharmaceutical markets. Farlie Turner served as the exclusive financial advisor to the seller. Terms of the transaction were not disclosed. Since 1981, Insight Beverages has been one of the nation's leading formulators, manufacturers, and distributors of cappuccinos, hot cocoas, frozen cappuccinos, barista products, fruit smoothies, frozen noncarbonated beverages, tea products, premium lemonades and iced coffee into the convenience store channel as well as other food service and retail channels. Insight has had great success in helping its customers grow profitable beverage businesses by leveraging its technology and consumer research.
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"The Farlie Turner team offered big bank experience and relationships, while conducting a customized M&A process that was tailored to our needs," stated Andy Burke, Insight Beverages' CEO. "Their understanding of the food and beverage industry, along with an understanding of our convenience store, foodservice and QSR end-markets, yielded a strong result for our shareholders."
"Together, Insight Beverages and Kerry share an entrepreneurial spirit, value-added product development capability and a commitment to customer service, which should translate into domestic and international growth in specialty beverages for the combined enterprise," commented Chuck Fultz, a Managing Director of Farlie Turner who led the transaction. In addition to Chuck, Farlie Turner's team included Craig Farlie, Erik Rudolph, Daniel Vetrano and Chris Henry.
"This transaction represents another successful outcome for Farlie Turner's Consumer Group," added Erik Rudolph, a Managing Director at Farlie Turner.
About Farlie Turner
Farlie, Turner & Co., LLC, and its affiliate Bayshore Partners, LLC, a broker-dealer registered with FINRA, provide merger and acquisition, private placement and financial advisory services to middle market companies.
Please visit www.farlieturner.com for more information.
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