Pod Pack International, a LongueVue Capital Portfolio Company, finalized the merger agreement with Joe's Garage Coffee
October 13 - 2022
Coffee Geography Magazine
Pod Pack International, a portfolio company of LongueVue Capital (LVC) and leading manufacturer of innovative single-serve coffee and tea solutions announced its successful joint agreement with Joe's Garage Coffee ("Joe's Garage").
Based in Seattle, WA, Joe's Garage is a premier provider of flexible coffee sourcing, roasting, R&D, and packaging services for growing brands in the specialty coffee industry. Differentiated by its award-winning customer success model, Joe's Garage offers a full-suite of services including turnkey roast-to-order, co-manufacturing, toll-roasting, mixing, blending, and new product development. The company's state-of-the-art facility manufactures premium quality products across a variety of formats including cups, pods, capsules, portion packs, filter packs, and bag solutions.
With this complementary merger, the combined Pod Pack and Joe's Garage platform expands its product and service capability suite, market presence, manufacturing capacity, and geographic footprint to best serve its growing customer base across a diverse channel set that includes retail, e-commerce, convenience and QSR, food service, hospitality, office, and contract managed services.
"We are thrilled to announce this transformational combination of Pod Pack and Joe's Garage," commented Marion Gray, CEO of Pod Pack. "Pod Pack has long admired Joe's Garage as a clear leader in private label and co-packaging for the specialty coffee space. Combined with Pod Pack's 25+ year track record of innovation, service, and manufacturing excellence, this partnership further enhances our value proposition and capabilities for our valued customer base. We look forward to embarking upon this exciting next chapter of growth."
Greg Gould, Founder of Joe's Garage, commented, "Joe's Garage operates with an unwavering commitment to outstanding customer service and superior product quality. These resolute principles are wholly embraced by Pod Pack, and we are thrilled to join together to offer our customers an expanded range of product and service offerings with unique capabilities and increased capacities in order to accelerate their continued success."
Chris Melonas, President of Joe's Garage, added "Our partnership with Pod Pack is based on a cultural fit that provides continuity to not only our highly valued customer base but also to our deeply appreciated team members, who are the cornerstone of our success. We are very impressed with the entire Pod Pack organization, and this merger enhances our collective scale and capabilities in order to continue exceeding the expanding needs of our customer base without compromise to service commitment or quality."
"We are honored to support the combination of Joe's Garage and Pod Pack," added Max Vorhoff, Principal of LVC. "Together, Joe's Garage and Pod Pack will operate as a full-spectrum coffee solutions company serving a dynamic customer base across multiple end markets, product formats, volume requirements, and geographies. We look forward to helping the combined platform execute on the tremendous growth opportunities that lie ahead."
Jones Walker LLP and Karr Tuttle Campbell served as legal counsel for Pod Pack and Joe's Garage, respectively.
Founded in 2001, LongueVue Capital is a New Orleans-based private equity firm that focuses on providing human capital, financial capital, and a skill set built upon a successful 20+ year track record of partnering with entrepreneurs and management teams to drive value creation in middle market companies. Having managed $1 billion of capital spanning four funds coupled with over 150 years of combined operating and investing experience, the company is the ideal partner for middle market companies seeking to maximize growth and drive value.