April 28, 2017
GLENDALE, CA – Montage Partners, a Scottsdale, Arizona-based private equity firm, announced today the successful exit of its investment in Indo-European Foods, Inc. (“Indo-European” or the “Company”) to Corridor Capital, a Los Angeles, California-based private equity firm.
Founded in 1980 and headquartered in Glendale, California, Indo-European is a leading importer and national wholesale distributor of the healthiest and most authentic ethnic foods from around the world. The Company’s customers include national and regional supermarkets and over 1,000 independent ethnic food retailers and foodservice distributors.
Since acquiring the Company in 2012, Montage Partners worked with the Company’s management to strengthen the business and support growth initiatives resulting in EBITDA growth of more than 35% over the past five years.
Montage Partners was advised by PricewaterhouseCoopers Corporate Finance, LLC and was represented by the law firm Brier, Irish, Hubbard & Erhart, PLC.
About Montage Partners
Founded in 2004 and located in Scottsdale, Arizona, Montage Partners is a private equity firm that invests in established companies in the western U.S. with EBITDA between $1 million and $5 million. Above all other investment criteria, Montage Partners invests in exceptional people. Montage Partners provides liquidity to those who have spent years of their life building great companies, Montage Partners protects those companies through a transition of ownership and Montage Partners supports the next generation of a company’s leadership in executing on growth initiatives. For more information, please visit www.montagepartners.com.