Superior Fruit Equipment Secures Investment from Seacoast Capital
Deal News | Feb 27, 2025 | Seacoast Capital Managers LLC
Seacoast Capital, a lower-middle market investor, has announced its investment in Superior Fruit Equipment as part of a recapitalization led by Bochi Investments. Superior Fruit Equipment, based in Wenatchee, WA, is a recognized manufacturer in the professional fruit and tree care industry. Seacoast's investment involved a mix of unitranche debt and preferred equity to support certain shareholders' liquidity needs and the company's growth. The firm, renowned for its commitment to the sector, acknowledges Superior Fruit Equipment's legacy and potential, emphasizing the significance of their 100-year-old customer trust. Bochi's Co-Founder, J.B. Handley, appreciated Seacoast's collaboration throughout the investment process, highlighting the promising partnership among all stakeholders. Specific terms of the transaction remain undisclosed, marking a strategic alignment to push the company's forward momentum.
Sectors
- Agricultural Equipment
- Private Equity & Investment Management
Geography
- United States – The companies involved, Seacoast Capital, Superior Fruit Equipment, and Bochi Investments, are all based in the United States.
- Washington – Superior Fruit Equipment is headquartered in Wenatchee, WA, highlighting the local significance of the transaction.
Industry
- Agricultural Equipment – Superior Fruit Equipment manufactures pruning tools and harvest equipment for the fruit and tree care industry, making this sector relevant.
- Private Equity & Investment Management – Seacoast Capital acts as a growth capital investor, engaging in the financial structuring of this investment deal.
Financials
- Undisclosed – The terms of the transaction between Seacoast Capital, Bochi Investments, and Superior Fruit Equipment were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Seacoast Capital | Investor | Company | A lower-middle market non-control growth capital investor. |
| Superior Fruit Equipment | Target Company | Company | Manufacturer of pruning tools and harvest equipment for the fruit and tree care industry. |
| Bochi Investments | Investor/Lead | Company | Led the recapitalization of Superior Fruit Equipment and partnered with Seacoast Capital. |
| J.B. Handley | Co-Founder and Partner | Person | Bochi Investments Co-Founder and Partner involved in the transaction. |
| Jeff Holland | Founding Partner | Person | Founding Partner of Seacoast Capital. |
| Jeff Martin | Management Team Member | Person | Member of Superior Fruit Equipment's management team. |
| Kory Mattson | Management Team Member | Person | Member of Superior Fruit Equipment's management team. |