Encore Consumer Capital has made an investment in Warwick, Rhode Island-based Tourtellot, a provider of fresh produce to retail grocery customers. No financial terms were disclosed.
San Francisco, California, April 15, 2019 – Encore Consumer Capital (“Encore”), a private equity firm that invests exclusively in leading consumer products companies, is pleased to announce that it has completed an investment in Tourtellot & Co., Inc. (“Tourtellot”).
Tourtellot, based in Warwick, RI, is a specialty distributor of fresh produce to retail grocery customers, covering the densely populated region between New York City and Boston. Founded in the late 1800s and acquired by the Sigal family in 1956, Tourtellot has evolved into one of the largest independent produce distributors in New England.
Scott Sellers, Managing Director at Encore Consumer Capital, said, “We are incredibly excited to partner with Tourtellot and the Sigals to continue to support the company that their family has built over the past half century. We believe the depth of their produce expertise and customer-centric relationships position the company exceedingly well for its next phase of growth.”
“We look forward to working closely with the Encore team,” said Tourtellot CEO, Andrew Sigal. “Their passion and experience in food distribution and the consumer industry more broadly will enhance Tourtellot’s position with our existing relationships while providing the company with resources for continued expansion.”
About Encore Consumer Capital
Encore Consumer Capital is a San Francisco-based private equity investment firm focused on the consumer products industry. The firm has raised over $600 million in equity capital and invested in over 30 companies in the sector. Encore’s current and prior investments include food distribution companies (Freshko Produce Services, Pint Size Hawaii), food and beverage brands and manufacturers (4505 Meats, Aidells Sausage Company, Ancient Harvest, Brownie Brittle, Fantasy Cookie, Full Sail Brewing, Navitas Organics, Tender Belly, Thanasi Foods, Cece’s Veggie Co.), pet products companies (ThunderWorks, Zuke’s) and personal care/beauty companies (Supergoop!, MyChelle Dermaceuticals, tarte Cosmetics), among others. The firm targets companies with between $10 million and $100 million in annual revenues, where Encore’s strong operating expertise in strategy development, brand marketing and distribution expansion can help drive performance. For more information please visit www.EncoreConsumerCapital.com
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