First Capital Partners Exits Calcium Products, Inc.
First Capital Partners Exits Calcium Products, Inc.
First Capital Partners, LLC ("FCP") is pleased to announce the sale of its portfolio company, Calcium Products, Inc. (“Calcium Products”), to an affiliate of Sun Capital Partners, Inc. Founded in 1987 and headquartered in Ames, IA, Calcium Products is a leading manufacturer of calcium-based fertilizers for row and specialty crop growers, as well as the professional turf industry. The company’s products are used to improve soil conditions and provide essential nutrients to maximize soil fertility and crop yields.
FCP acquired Calcium Products in 2013 and was joined by GMB Capital Partners and Riverton Management Resources in providing both mezzanine debt and equity. Shortly after the closing, Mike Hogan joined the company as CEO to embark on transforming the business, including building out its management team. Under Mike Hogan’s leadership, Calcium Products significantly expanded its operations, sales organization and solidified the company’s position as the leader in its market. Piper Sandler & Co. represented Calcium Products in the sale process.