Midocean Partners acquires QualiTech, expanding growth opportunities in plant and animal nutrition industries
Corporate Mergers & Acquisitions

MidOcean Partners Acquires QualiTech

MidOcean Partners, a New York-based alternative asset manager, has announced its acquisition of QualiTech, a renowned global manufacturer of plant nutrition, animal nutrition, and food ingredient products and services. The transaction marks a significant milestone for QualiTech as it paves the way for new investment to expand capabilities and drive growth.

Founded in 1967 and headquartered in Chaska, Minnesota, QualiTech has a rich history of developing innovative solutions in the nutrition industry. The company specializes in producing savory blends for consumer food products, vitamins and minerals for pet and livestock feed, and specialty nutrition for plants. With a strong commitment to quality, technology, and service, QualiTech is known for delivering best-in-class ingredients and nutrients that promote the health and well-being of people, animals, and the environment.

Mike Hodgens, Chief Executive Officer of QualiTech, expressed excitement about joining forces with MidOcean and the opportunities it brings. Hodgens stated: “We are confident that MidOcean’s significant industry knowledge in the food value chain, deep operational expertise, and track record of successfully growing food and ingredients businesses will help QualiTech accelerate our growth and build on the strong foundation we have established over the last 57 years.”

MidOcean Partners, known for its specialization in middle-market private equity and alternative credit investments, sees the acquisition of QualiTech as an opportunity to expand its presence in the food value chain. The company plans to leverage its expertise and knowledge in the food industry to support QualiTech’s growth through organic investments in research and development, product innovation, and strategic transactions.

Steven Loeffler, Principal at MidOcean, expressed his delight in welcoming QualiTech to the MidOcean family. Loeffler stated “QualiTech’s excellence in food ingredients, animal nutrition, and plant nutrition are highly synergistic with MidOcean’s expertise in the food ecosystem. We look forward to partnering with Mike and the entire QualiTech team to ensure they are best positioned to service their loyal customer base for years to come.”

Cory Ploen, QualiTech’s long-time owner, expressed his confidence in the partnership with MidOcean and the positive impact it will have on stakeholders. Ploen said, “We believe MidOcean’s partnership will have a positive impact on all of our stakeholders and are excited by the tremendous possibilities in the company’s future.”

QualiTech’s mission is to provide top-quality ingredients and nutrients that promote the health and well-being of people, plants, and animals. With over 50 years of experience, the company has developed core technologies and products like SQM® organic trace minerals, Feedbuds® palatability enhancers, dispersibles, electrolytes, and protected vitamins. Their technology is built on decades of research conducted across species and varying conditions, yielding proven results.

MidOcean Partners, established in 2003, specializes in middle-market private equity and alternative credit investments. The company targets high-quality middle-market companies in the consumer and business services sectors through its private equity division, while its credit division manages alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts.

The acquisition of QualiTech by MidOcean Partners demonstrates the growing interest and investment in the nutrition industry. With MidOcean’s support, QualiTech can continue its legacy of delivering innovative and high-quality products, contributing to the health and well-being of people, animals, and the environment.

Image provided by MidOcean Partners

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