Varagon Capital Partners (Varagon) announced it is serving as Administrative Agent, Joint Lead Arranger and Joint Bookrunner on a senior secured credit facility to support the acquisition of BrightPet Nutrition Group by Alvarez & Marsal Capital Partners.
BrightPet Nutrition Group was founded in 1962 by the Golladay family of Ohio. BrightPet develops and manufactures co-pack, private label and branded premium and super premium pet food and treats. The company operates three complementary businesses — outsourced kibble manufacturing, outsourced treat manufacturing and a portfolio of company-owned premium pet food and treat brands, which include Blackwood®, Adirondack® and By Nature®.