HOUSTON, TEXAS (December 1, 2021) – Statesman Corporate Finance, LLC (“Statesman”) is pleased to announce the sale of select assets of woman-owned and led Healthy Lunch Box, Inc. (“Healthy Lunch Box” and/or the “Company”) to Riveter Capital, a private equity firm focused on investing in women and minority-led companies. Statesman served as the exclusive sell-side financial advisor to Healthy Lunch Box on the transaction.
“Statesman did a great job of bringing prospective buyers to the table for my business of 26 years. I expected to do a lot of extra work throughout the sales process, but Statesman did an exceptional job of organizing the data which helped me immensely. I am so grateful we made it to the finish line!” – Company Founder, Theresa Barajas
“The Healthy Lunch Box team is very excited to partner with Riveter Capital for this next chapter in the company’s history,” said Founder Theresa Barajas. “Healthy Lunch Box has established itself as a trusted partner to schools and other organizations for serving nutritious meals and snacks, and we look forward to leveraging Riveter’s resources and deep experience in the industry to further grow the company in the years to come. Throughout my career, I have been passionate about empowering and supporting other women, and Riveter’s mission and thesis truly resonated with me and differentiated them.”
Nakita Johnson will be joining the company as president and brings decades of school business experience, child nutrition knowledge, and extensive industry insight and relationships. Commenting on the opportunity, she said, “I am thrilled to be joining the Healthy Lunch Box and Riveter Capital teams. Having spent the last several years on the customer side of the business, I understand what Healthy Lunch Box’s customers want and need. The company has the foundation for providing excellent quality meals and I am focused on building upon that reputation.”
“Healthy Lunch Box has an impressive history and strong reputation as a key player in school catering in Texas. Being Riveter’s first investment, we are excited to honor the legacy of Theresa and continue to drive growth at the company alongside Nakita and the rest of the Healthy Lunch Box team,” said Riveter Partner Colleen Gurda.
About the other transaction participants
Statesman Corporate Finance, LLC (Houston & Austin, TX) is the FINRA-licensed broker dealer affiliate of Statesman Business Advisors, LLC. With offices in Houston and Austin, Texas, Statesman is a leading middle-market investment banking firm providing merger and acquisition, capital formation, valuation, and other general corporate financial advisory services to middle-market companies. The team advising on this engagement was led by Jessica Seff, Vice President , and included Will Jaco, Principal, Peter Chiu, Vice President and Philip Rodriguez, Associate.
Riveter Capital (New York, NY) is a private equity firm focused on investing in lower middle-market women- and minority-owned or operated businesses that they understand as both investors and consumers. They empower founders by providing hands-on strategic, financial, and operational support to help take companies to the next level. With a flexible investing mandate, they provide capital for acquisitions, management buyouts, recapitalizations, growth, and expansion.
Finch CPA Firm PLLC (Houston, TX) provided accounting advisory to Healthy Lunch Box led by Sandra Finch, CPA, CFP and Marie Emmons.