December 30, 2022
Trivest Partners, LP (Trivest), a Miami-based, founder-focused private equity firm with over 40 years of experience creating strategic partnerships and fostering growth, has partnered with Perricone Juices.
Headquartered in Newport Beach, CA, Perricone Juices is the leading producer of premium, craft juices with a focus on the “freshly squeezed” citrus category. Founded in 1994 and with processing facilities in both California and Florida, it supplies its products to the foodservice and retail channels across the US under the “Perricone Farms” brand and for leading retailers’ private label brands. In addition, its products are used as high-quality ingredients for CPG brands.
Perricone Juices will continue to be led by its Chief Executive Officer, Bob Rovzar. “We are excited by the Trivest partnership and their experience in the food and beverage industry, and we look forward to accelerating the growth of our business,” said Rovzar. “With Trivest’s support, we will continue our track record of organic growth while we significantly invest in our operations and our team to better serve our customers.”
The Perricone family, with roots in the citrus industry dating back to the 1930s, will remain involved as part of the ownership group. “In choosing a partner, we were looking for a firm who would preserve and build upon the strength of the Perricone brand and the legacy our family has built in the industry for over 80 years. Trivest’s decades of working with founders and families made them the perfect partner for us,” said Joe Perricone, Founder and Chairman Emeritus of Perricone Juices.
“We were extremely impressed by Perricone Juices’ talented and dedicated management team, industry-leading position, track record of growth, and sophisticated dual-coast operations. We are excited about the opportunity to help Perricone Juices further its growth by building upon the foundation that the employees and the Perricone family have built,” added Jorge Gross, Jr., Managing Partner at Trivest.
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Dinan & Company, LLC is the partner firm of Translink Corporate Finance in the United States. It is a leading national M&A and merchant banking services company with over 32 years of advisory experience dedicated to middle-market transactions.