NEW YORK, April 27, 2011 – Bruckmann, Rosser, Sherrill & Co. (“BRS”), a New York-based private equity firm, announced today that WFI Acquisition Inc. has signed an agreement to sell Wilson Farms, Inc. to 7-Eleven, Inc.
Wilson Farms, headquartered in Buffalo, New York, operates approximately 188 convenience stores under the Wilson Farms, Sugarcreek and Wilson Farms Xpress brands. The company’s stores are located in Central and Western New York State in established metropolitan areas and surrounding suburbs. Wilson Farms’ primary products include an extensive line of grocery, frozen and dairy products, as well as gasoline in select locations.
Tom Baldwin, Managing Director of BRS, said, “Our partnership with Wilson Farms has been very positive. Since our investment in 2005, the company has demonstrated strong financial performance, including growth throughout the recent recession. The entire organization contributed to this success and we wish them all the best.”
Paul Nanula, President and CEO of Wilson Farms, said “BRS was an excellent partner, providing valuable strategic guidance and capital support throughout the investment. We now look forward to working with 7-Eleven and continuing to support our customers with the highest level of service and quality.”
BMO Capital Markets acted as exclusive financial advisor to Bruckmann, Rosser, Sherrill & Co. and the Nanula family in the sale of Wilson Farms, Inc. to 7-Eleven, Inc.
BRS is a New York based private equity firm with $1.4 billion of committed capital under management in three investment partnerships, focused on investing in middle market consumer goods and services businesses. Since 1996, BRS has purchased over 40 portfolio companies for aggregate consideration of over $6.4 billion. In addition, BRS portfolio companies have completed approximately $1.9 billion of add-on acquisitions. Prior to forming the firm, the founders of BRS were in the financial acquisition business at Citicorp Venture Capital where they closed 25 transactions with aggregate transaction values totaling $5.8 billion.
For additional information contact:
Kekst and Company
Ruth Pachman or Mark Semer