Altamont invests in Nutrition 101 Inc.

Altamont Capital Partners, Palo Alto, California, has announced an equity investment in Nutrition 101 Inc. (101 Inc.), a leading provider of eco-friendly, waste management services for food processors and retailers.

Founded by Ross Peter and owned and operated by the Peter family for more than 30 years, 101 Inc., Pendleton, Indiana, has become a go-to partner for regional, national and global food manufacturers seeking end-to-end waste management solutions that reflect their own sustainability goals. The company’s services include the repurposing of food residuals from manufacturers and retailers into livestock feed, compost and green energy products like biogas, reducing waste, landfill usage and greenhouse gas emissions.

“101 is a pioneer in responsible waste management, and the company’s relentless focus on service, sustainability and investment in people is well-aligned with the principles that guide Altamont as a firm and the partnerships we pursue,” Altamont Principal Wande Olabisi says.

Terms of the transaction were not disclosed.

Altamont’s investment will enable 101 Inc. to continue providing best-in-class service, reach new customers and expand its geographic footprint.

The company currently operates three stat­­­­e-of-the-art facilities, allowing it to efficiently support customers and strong demand across the United States. Nutrition 101 Inc. CEO Cory Peter will continue in that role following Altamont’s investment.

“We pride ourselves in not only creating value for food processors, retailers and livestock producers but in taking a proactive approach to protecting the environment,” he says. “The partnership with Altamont will allow us to continue delivering high-quality products and services to our customers while expanding our reach to new markets. We’re excited by this partnership and look forward to what’s ahead.”

Altamont Managing Director Casey Lynch says the firm is “thrilled to partner with the 1001 team to strengthen their position as a leading provider of innovative solutions for the food processing lifecycle.”

Brown Gibbons Lang & Co. acted as exclusive financial advisor while Ropes & Gray and Morrison & Foerster served as legal counsel to Altamont on the transaction. Mesirow acted as financial advisor and Dentons Bingham Greenebaum served as legal counsel to 101 Inc. Financing for the transaction was provided by Churchill Asset Management and Maranon Capital.