Final Close of Arbor Fund
For Immediate Release
Chicago, Illinois-based Arbor Private Investment Company announced today that it has held a final close of Arbor Fund I, bringing total committed capital to $41.7 million. Incorporating the Fund’s co-investment feature, Arbor has aggregate investment capital of $84 million. Arbor’s limited partners include leading insurance companies, prominent financial institutions and high net worth investors. The Fund’s principals and co-founders are Gregory Purcell, Managing Partner and Joseph Campolo, Partner.
Since inception, the Arbor Fund has closed two platform acquisitions and one follow-on acquisition. The Fund’s current portfolio companies are ISI Commercial Refrigeration, Inc. of Dallas, Texas, the largest distributor, lessor and servicer of refrigerated foodservice equipment in the South Central U.S.; Montross, Virginia-based Northern Neck Coca-Cola Bottling, Inc., the exclusive Coca-Cola bottling franchise for eastern Virginia; and Nordon, Inc., a leading regional distributor of foodservice equipment in the mid-Atlantic U.S, headquartered in Philadelphia, Pennsylvania.
Arbor’s Chicago-based operating partners are Mr. Walter Freedman and Mr. Dennis Malchow. Mr. Freedman was formerly Industrialist in Residence at Chicago-based Allied Capital, a $2 billion public mezzanine fund, and has over 30 years of food industry operating experience at Sara Lee Corporation, Yoplait USA and Leaf Confectionery. Mr. Malchow is a 30-year veteran of the food distribution industry, and is the former Chief Executive Officer of Rosemont, Illinois-based Martin-Brower Company, the largest supplier to McDonald’s worldwide, with $3 billion in annual revenues. Arbor’s Atlanta, Georgia-based operating partner is Mr. John Adams, President of Northern Neck Coca-Cola Bottling, Inc. and former Director of Worldwide Bottling Operations for Coca-Cola Company, with over 30 years of Coke bottling system experience.
Arbor Private Investment Company is one of the only private equity firms in North America that concentrates exclusively on the food, beverage and related industries. Arbor has a successful track record of investing in leading suppliers and distributors to some of the world’s most recognized consumer brands. Arbor has offices in Chicago, Illinois and Atlanta, Georgia.
For more information, please contact Gregory J. Purcell (312-981-3780) or Joseph P. Campolo (312-981-3781).