Brightstar Capital Partners Acquires Capstone Nutrition, a 30-Year Veteran in Nutritional Supplement Manufacturing

On September 4, 2019, VCBeat (WeChat ID: vcbeat) learned from foreign media reports that private investment firm Brightstar Capital Partners (Brightstar) announced the acquisition of healthcare products company Capstone Nutrition (Capstone). Specific financial details of the transaction have not been disclosed.

Upon completion of this acquisition, Capstone will further expand its presence in the healthcare products market.

Capstone, founded in 1989 and headquartered in Ogden, Utah, USA, is a leading developer of high-quality nutritional products. Since 1989, the company has been dedicated to formulating, developing, manufacturing, and packaging a wide range of capsule, tablet, and powder dietary supplements for customers worldwide. Furthermore, Capstone is a leader in the research and development of vitamins, minerals, and dietary supplements, committed to improving the health of people around the globe.

Capstone boasts decades of scientific and engineering expertise, along with industry-leading procurement specialists. The company’s vision is to innovate, manufacture, and sell premium nutritional products to enhance the quality of life for people worldwide. Its primary customers include internet-based e-commerce brands, multi-level marketing (MLM) companies, healthcare practitioners, mass-market retailers, and health food stores.

Capstone operates a 300,000-square-foot manufacturing facility and offers a portfolio of 275 health products, including various vitamins and minerals, designed to provide nutritional supplementation and anti-aging benefits. Renowned for its rigorous quality standards, Capstone holds numerous industry certifications, such as cGMP, NSF GMP, NSF, and approval from the Australian Therapeutic Goods Administration (TGA).

Jared Leishman, CEO of Capstone, stated, “The Capstone team is delighted to partner with Brightstar. This collaboration will help us maximize our potential. Brightstar’s experienced team brings new capabilities and resources that will enable Capstone to accelerate its growth and expand its product market.”

Brightstar, a private equity firm founded in 2015 and headquartered in New York, USA, boasts an exceptional management team, extensive operational expertise, and a broad network of relationships. The company provides capital support, operational improvement insights, and strategic guidance to its portfolio companies, thereby creating value for both these enterprises and their investors.

Gary Hokkanen, Partner at Brightstar and newly appointed Chairman of Capstone, stated, “Capstone is a leading platform in the health and wellness market. With a 30-year history, Capstone has developed health products for a diverse clientele across the United States and internationally. We aim to leverage our extensive operational experience and expertise to drive Capstone’s continued growth.”

Roger Bulloch, Vice Chairman of Brightsta and Chairman of Capstone, stated, “Having collaborated with entrepreneurs in Utah during my time at Brigham Young University (BYU), I feel very much at home in the state. We have witnessed Capstone’s rapid growth and are confident in the company’s leadership, innovative products, and sustainable business model.”

(Compiled by Hu Yifan)