Wind Point Partners has agreed to sell animal food and nutrition ingredients provider Pestell Nutrition to trade buyer Barentz International.
The deal comes three years after Wind Point teamed up with experienced consumer packaged goods exec Matt Miller to buy Pestell Group.
At the time Pestell Nutrition was one of two business units within Pestell Group, along with a pet products business.
Wind Point separated the business units shortly after the buyout, rebranding the minerals and ingredients business as Pestell Nutrition and the pet products division as Targeted PetCare.
Targeted PetCare remains in the firm’s portfolio.
Pestell Nutrition grew about 3x in scale during Wind Point’s ownership, through a combination of organic growth initiatives and three strategic acquisitions.
It said it had transformed the company from a regional commodity feed ingredients distributor to a value-add partner offering more technical feed additives across North America, with value-added feed additives and proprietary products growing from 4% to 42% of the company’s product portfolio.
Wind Point closed its ninth flagship fundraise on about $1.5bn towards the start of this year.
The firm collected $985m for Fund VIII in 2017, soaring past its initial $750m hard cap.
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