- HQ: Chicago, IL
- Category: Manufacturing / Distribution
- Investment: Sold to Highlander Partners (Bevolution Group)
Juice Tyme, Inc. is a leading manufacturer and marketer of shelf stable juice concentrate for use in dispensing equipment in the foodservice market.
Products are sold through a network of foodservice and beverage distributors throughout the U.S. and ultimately consumed in locations such as nursing homes, hotel chains and cafeterias.
Encore partnered with management to acquire Juice Tyme. The Company was previously owned by a small group of individuals looking for liquidity and a partner that would work well with their family members who worked at the Company. Juice Tyme’s CEO, Phil Scott, re-invested in Juice Tyme alongside Encore and served as CEO throughout Encore’s ownership.
Investment Period Highlights
- Cemented relationships through contracts and pricing agreements with top two customers
- Utilized Encore network to help Juice Tyme gain business with new foodservice distributors
- Hired key personnel including vice presidents of sales and finance
- Implemented a hedging strategy to manage the increasingly volatile frozen concentrate orange juice market
- Invested in pasteurization capability and improved the Company’s food safety practices
- Revenues more than doubled during investment period
All of us at Juice Tyme appreciated the partnership and support we received from Encore. As a family owned business, we had concerns about our transition to private equity, but Encore helped make it a very smooth and positive process. Over the years, they helped us with strategy, marketing, financial and personnel issues. Encore always encouraged our management team to make the right long term decision for Juice Tyme and our customers, and this allowed our company to continue to grow and prosper.
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Simply put: we want to partner with founders and management teams who care who their partners are.
