NASSAU FOODS

Minneapolis, Minnesota – Quazar is pleased to announce Spice Foods, Inc. d/b/a Nassau Foods (“Nassau Foods”) has been acquired by North Value Partners. Quazar advised Nassau Foods in the transaction.

The Shareholders of Nassau Foods made a strategic decision to transition the business to new ownership in order to allow the management team to retire, create new opportunities for its employees, and secure full-time leadership for the company moving forward. The Shareholders chose Quazar as their M&A Adviser primarily due to Quazar’s unique marketing approach, extensive network, industry experience, and reputation for successfully working with privately-held businesses.

Quazar generated robust interest from a vast array of buyers. The Shareholders ultimately decided that a local strategic buyer offering significant synergies would be the best fit to continue to expand the business and create new opportunities for its employees.

“Quazar made an emotional and time-consuming process much simpler. I am grateful to have had the entire Quazar team navigating the sales process, and I am extremely pleased at the interest level Quazar generated in our business. It was great having numerous options, and we could not be happier with our new partner.” – Teresa Dempsey, Vice President and Shareholder of Nassau Foods

Nassau Foods (nassaufoods.com) is a one-stop supplier for meat manufacturers, retailers, and individuals. The Company’s business-to-business division sells seasoning mixes, bulk spices, marinades, cures and chemicals, dehydrated fruits and vegetables, and sawdust/pellets for smokers. Nassau Foods’ direct-to-consumer division, Grandpa Josh’s, sells rubs, sauces, casings, and soups. The Company was founded in 1990 and is based in Brooklyn Park, Minnesota.  

North Value Partners (northvaluepartners.com) is a Minnesota-based private investment firm that invests in high-quality public and private business with a long-term investment horizon. North Value Partners was founded by Adam Wright in 2017.

Quazar (quazarinc.com) is a Minneapolis-based Investment Bank founded in 1990. Quazar specializes in working with privately-held businesses within various industries, including: manufacturing, distribution, business services, technology, and consumer. Quazar provides both sell-side and buy-side advisory services to companies in the lower middle and middle-market.