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Capstone Headwaters Advises Origination O2D on its Sale to Wind Point Partners

July 2020

Capstone Headwaters, a leading international investment banking firm, advised Origination O2D (“O2D”), which operates as a value‐added distributor of animal feed ingredients and branded proprietary feed products across the Midwest and broader U.S, on its sale to Wind Point Partners (“Wind Point”) and portfolio company Pestell Nutrition. Terms of the deal were not disclosed.   

Family founded in 1945, O2D has since been a leading distributor of high-quality animal feed ingredients. Over the course of nearly seven decades, the business has grown and evolved, moving into several new product lines and expanding by purchasing additional facilities delivering to new distribution networks.

John Fallin, CEO of O2D, commented, “We look forward to the combination of Pestell Nutrition and O2D as this transaction unlocks numerous opportunities to grow the platform and better serve our combined customer base. We believe Pestell Nutrition is the right fit for O2D and the formation of this partnership represents a meaningful step forward for the business and our entire team as we enter the next phase of growth.”

John Fallin added, “I have nothing but good things to say about Capstone Headwaters. If you are looking for a value-added banker to help you with your transition, I recommend Capstone. Their entire team worked tirelessly to help me achieve our goals. You will be well served to hire Capstone.”

Jacob Voorhees, Managing Director at Capstone Headwaters, commented, “With momentum and an established position in the animal feed market, it was important for us to identify a strategic partnership that would enable O2D to be taken to the next level.  We are excited for the future of O2D and Pestell Nutrition as they expand and become an innovative market leader.”

Paul Peterson, Managing Director at Wind Point Partners, stated, “We are excited about the acquisition of O2D. The combined business provides compelling growth opportunities with a broader proprietary product portfolio as well as a more expansive geographic footprint. O2D will be an integral component in achieving our future initiatives, particularly as it relates to optimizing our product and sales mix as well as further penetrating the U.S. market.”

ABOUT PESTELL NUTRITION

Pestell Nutrition, headquartered in New Hamburg, Ontario, is a leading distributor of minerals & feed ingredients, feed additives, and specialty pet food ingredients to a diverse customer base of pre mixers, feed mills, pet food companies, and other end users within the animal nutrition and pet food sectors across Canada and the U.S. The Company maintains 16 warehouses throughout North America, supporting distribution capabilities.

ABOUT WIND POINT PARTNERS

Wind Point Partners is a Chicago-based private equity investment firm with approximately $3 billion in assets under management. Wind Point focuses on partnering with top caliber management teams to acquire well-positioned middle market businesses where it can establish a clear path to value creation. The firm targets investments in the consumer products, industrial products, and business services sectors. Wind Point is currently investing out of Wind Point Partners IX, a fund that was initiated in 2010.

Industry Experience

Transportation & Logistics

Lead Professional

Jacob Voorhees

Head of Global M&A
“I have nothing but good things to say about Capstone Headwaters. If you are looking for a value-added banker to help you with your transition, I recommend Capstone. Their entire team worked tirelessly to help me achieve our goals. You will be well served to hire Capstone.”
John Fallin
CEO
O2D