• 101 Inc. is the market leader in liquid food waste upcycling, converting dairy and food byproducts into performance livestock feed, biofuels and recyclable commodities, enabling food processors and retailers to responsibly divert their waste from landfills and meet their ESG objectives
• Successful transaction highlights Mesirow’s expertise in the growing food upcycling sector as well as its relationships throughout the middle market private equity community
• Altamont Capital Partners’ investment positions 101 Inc. to further accelerate its growth strategy
CHICAGO, September 7, 2022 – Mesirow, an independent, employee-owned financial services firm, today announced it acted as the exclusive financial advisor to Nutrition 101, Inc. and Nutrition 101 Transport, LLC (d/b/a 101 Inc. (“101” or the “Company”)) on its recapitalization with Altamont Capital Partners (“ACP”), a private investment firm based in the San Francisco Bay Area with more than $4.5 billion of assets under management.
Founded in 1984, 101 is a family-owned, niche provider of complex, eco-friendly liquid waste handling and feed solutions for food processors, retailers and livestock producers. 101 converts thousands of tons of dairy and food byproducts into livestock feed, biofuels and recyclable commodities, enabling food processors and retailers to responsibly divert waste from landfills while providing high performance feed solutions to the swine and dairy markets. The Company maintains end-to-end control of the value chain through its company-owned transportation fleet and co-located assets.
“Mesirow provided exemplary expertise and tactical guidance throughout this important process. The team demonstrated a deep understanding of the food value chain and our unique, end-to-end model, and leveraged their vast industry relationships to facilitate this partnership,” added Cory Peter, President and owner of 101. “We are eager to begin working with the ACP team to build an even more comprehensive portfolio of products and services to meet the growing demand of our customers throughout the U.S.”
“We felt privileged to advise 101 throughout this important process,” said Paul Mariani, Managing Director of Mesirow Investment Banking. “101 is truly a pioneer in the high-growth, upcycled food-for-feed market and this partnership will further support the Company’s strategy to invest in core and complementary capabilities, and aggressively expand into new and underserved markets.”
The sale of 101 Inc. represents another successful engagement completed by Mesirow Investment Banking and highlights the firm’s expertise within the food, beverage and agribusiness industry. Committed to leveraging extensive sector-specific expertise across industry groups and nurturing deep longstanding relationships, Mesirow has a proven track record of completing highly tailored, complex and successful transactions on behalf of its clients.
Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with offices around the world, we serve clients through a personal, custom approach to reaching financial goals and acting as a force for social good. With capabilities spanning Global Investment Management, Capital Markets & Investment Banking, and Advisory Services, we invest in what matters: our clients, our communities, and our culture. To learn more, visit mesirow.com and follow us on LinkedIn.
Mesirow was recently named one of the Best Places to Work in Chicago by Crain’s Chicago Business and one of the Top 100 RIA firms by Barron’s.
About 101 Inc.
From a single farm 40 years ago, to converting thousands of tons of dairy and food byproducts annually into livestock feed, biofuels and recyclable commodities, 101 Inc. has become a preeminent partner for regional, national and global food manufacturers, retailers and livestock producers seeking reliable and cost-effective upcycling solutions. From nutritional analysis, plant integration and an integrated transportation and logistics fleet, to landfill-free disposal, diversion reporting and high-quality feed ingredients, 101 Inc is an innovative, end-to-end solutions provider for the food processing life cycle. Learn more at 101inc.com.