Sheridan Capital Partners, a Chicago-based lower middle-market private equity firm, announced an equity investment into Europa Sports Products (“Europa”), a Charlotte-based wholesale distributor of sports and fitness supplements. Sheridan will merge the business of its existing portfolio company, Lone Star Distribution (“Lone Star”), a Dallas-based wholesale distributor of sports and fitness supplements, into the Europa platform.
The transaction was led by Lewis, Sean Dempsey, Tim Wheeler and Chase Culbertson. The Company was advised by Deloitte Corporate Finance, LLC, and debt financing was provided by MidCap Financial. Terms of the deal were not disclosed.
Europa is a national specialty distributor of sports nutrition and fitness products, including protein powders, nutrition bars, sports drinks, sports performance supplements, vitamins, weight loss supplements, and meal replacements. Europa services mass markets retailers, gyms, health food stores and specialty supplement retailers through seven distribution centers located in Charlotte, NC, Dallas, TX, Strongsville, OH, Fresno, CA, Windsor, CT, Orlando, FL, and Las Vegas, NV.
Sheridan Capital Partners focuses on providing private equity in support of leveraged buyouts, growth recapitalizations, and large minority financings of lower middle-market companies across the healthcare and consumer sectors.