Ogden-based Capstone Nutrition has been purchased by Brightstar Capital Partners, a New York City private equity firm that acquires closely held, middle-market companies. Founded in 1989, Capstone is a developer and manufacturer of high-quality nutrition products. Some members of the Brightstar senior leadership are also listed as investors in Capstone.
Under the motto “Life Improved,” Capstone operates from a 300,000-square-foot facility in Ogden producing a wide range of vitamins, minerals, nutrition, anti-aging and general wellness products. Capstone’s customer base includes global marketers, consumer brands, health food and specialty retail outlets, as well as online and mass-market retailers.
“Capstone is a top-tier platform in a fragmented and rapidly growing segment of the health and wellness market,” said Gary Hokkanen, Brightstar partner who will become chairman of Capstone. “The company has a 30-year history of making health-oriented products for a variety of customers in the United States and internationally and we are eager to apply our operational experience and expertise to help the business thrive.”
“The Capstone team is delighted to be partnering with Brightstar to help us maximize our growth potential,” said Jared Leishman, CEO of Capstone. “Their experienced team adds new capabilities and resources to further our success and allow us to grow into new markets and products.”
“I’ve worked with entrepreneurs, families and founders of Utah businesses since my time at BYU, and I know Gary’s decades of leadership and his core values will feel right at home in Utah,” said Roger Bulloch, Brightstar partner and incoming vice chairman of Capstone. “We’ve seen Capstone’s rapid growth and have conviction in the company’s leadership, innovative products and long-term growth model within its key markets and beyond.”