Minneapolis, Minnesota – Corporate Finance Associates Worldwide (CFAW) is pleased to announce that its client, NH Holdings of Minneapolis, Minnesota, was acquired by Woodlawn Partners on October 29, 2021. Woodlawn Partners, a Chicago IL-based private equity firm.
NH Holdings was co-founded in 1987 by Jim Dyvig as New Horizon Foods. In 2017, the company acquired another foodservice management company, Consolidated Management Company, and created NH Holdings as the holding company for both businesses. NH Holdings operates restoration programs for senior housing, education, treatment centers and county jails.
Mr. Dyvig and his founding partner (since deceased) built the business from one customer site to a network of more than 170 customer sites in 15 states.
Mr. Dyvig said, “This is an exciting opportunity for our employees and our customers. Our partnership with Woodlawn will allow us to grow faster and implement world-class operational systems for the company. We chose Woodlawn Partners as our buyer because of their commitment to fostering enlightened corporate cultures.
CFAW’s Minneapolis office initiated this transaction and was the exclusive investment banker for the seller. CFAW Managing Director and Principal Jeff Wright said, “We are proud of the value we have achieved for the parties in this process. We brought professional transaction experience to help sell NH Holdings to a highly respected private equity firm. Jim is the kind of classic entrepreneur we like to work with. He and his team have built a great company, and we are excited to help him achieve his personal goals and build a bright future for NH Holdings.
About Corporate Finance Associates Worldwide
Corporate Finance Associates Worldwide is a leading international middle-market investment bank with offices in North America, Asia and Europe, providing middle-market companies with a broad range of M&A advisory services and access to capital resources. More information is available on the Internet at www.cfaw.com.
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