Montage Partners Successfully Exits Investment in Indo-European Foods, Inc.
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 headquartered in Scottsdale, Arizona, Montage Partners is a people-first private equity firm dedicated to helping established businesses reach transformative growth. Montage Partners invests in companies in diverse industries, including business services, consumer, healthcare, industrial and technology. Above all other investment criteria, Montage Partners invests in exceptional people. Montage Partners is actively seeking new investments in companies in the U.S. with EBITDA between $1 million and $5 million.