Private-equity firm Heartwood Partners announced today that Heartwood Partners IV, LP, completed a majority investment in West Palm Beach, Fla.-based Bush Brothers Provision Co. on July 7, 2023. Bush Brothers’ ownership has retained a “meaningful investment” in the fifth-generation family-owned business, the announcement from Heartwood stated.
Chris Bush, president and fifth-generation owner of Bush Brothers, said the partnership should help the company substantially accelerate the next chapter of growth, along with preservation of the family business culture.
Bush Brothers provides protein products to fine-dining restaurants, hotels, country clubs, mega yachts and private chefs in Florida and throughout the Caribbean, the announcement said. Bush Brothers processes, portions, trims and packages product for these customers to their exact specifications, and has nearly 100 years of experience in the industry.
Heartwood looks to invest in the company to rapidly increase production capacity so that Bush Brothers can offer more products to existing customers and expand business throughout Florida and beyond.
XMS Capital Partners LLC served as financial advisor to Bush Brothers in the deal, and Gunster attorneys represented the sellers in the transaction as well.