Pepin Heights

Quazar Capital Corporation is pleased to announce that Pepin Heights Orchards, Inc. (“Pepin Heights”) has been acquired by Ferguson’s Morningside Orchard LLC. Quazar Capital Corporation (“Quazar”) advised Pepin Heights in the transaction.

The primary Shareholder of Pepin Heights made a strategic decision to find a partner who would continue to build upon the strong Pepin Heights brand and tradition. They chose Quazar as their M&A Adviser primarily due to Quazar’s industry experience, extensive network, and reputation for successfully working with privately held businesses.

Quazar was able to generate interest from numerous strategic buyers, including international and national buyers. The Shareholders ultimately decided that a local grower with extensive industry experience would be the best fit to continue to grow the business and expand the Pepin Heights brand.

“I’m thankful for Quazar’s involvement; they did exactly what they said they would do. They generated interest, kept the deal moving, and ultimately got the deal done. I look forward to spending less time in the business and more time traveling with my family.”   – Dennis Courtier, former CEO of Pepin Heights

Pepin Heights Orchards, Inc. (pepinheights.com) is a vertically integrated, premium apple grower, packer, marketer, broker, processor, and farm market retailer. The business is located in Lake City, Minnesota.

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.