Seacoast Capital Announces Investment in Superior Fruit Equipment

SAN FRANCISCO, February 27, 2025 — Seacoast Capital (“Seacoast”), a lower-middle market non-control growth capital investor, announced today its recent investment in Superior Fruit Equipment Co. (“Superior Fruit Equipment” or the “Company”), in support of a recapitalization of the Company led by Bochi Investments (“Bochi”).

Superior Fruit Equipment, headquartered in Wenatchee, WA, manufactures pruning tools and harvest equipment for the professional fruit and tree care industry.

Seacoast provided a combination of unitranche debt and preferred equity alongside Bochi and management to facilitate liquidity for certain of Superior Fruit Equipment’s shareholders and to support the Company’s growth.

J.B. Handley, Bochi’s Co-Founder and Partner, noted “We’ve enjoyed working with the Seacoast team through this process. They understood that Superior Fruit Equipment was a gem of a company with tremendous growth potential, and they helped lay the foundation for a great partnership between us, Seacoast and most importantly the management team.”

Jeff Holland, Founding Partner of Seacoast, added, “Superior Fruit Equipment’s customers have relied on the Company’s tools for the last 100 years. When we visited their factory in Wenatchee, you could see that everyone is proud of that heritage and works hard every day to continue to earn the trust of their customers,” further commenting, “We look forward to helping Jeff Martin, Kory Mattson and the rest of the team at Superior Fruit Equipment build on that legacy.”

Terms of the transaction were not disclosed.

About Superior Fruit Equipment

Superior Fruit Equipment was founded in 1995 in Wenatchee, WA, the heart of the fruit growing region of the Pacific Northwest. The Company was created by merging three of the most well-known and respected brands in the professional tree fruit industry: Hickok Pruning Tools (established in 1928), Vaca Shears (established in 1912) and Wells & Wade Harvest Equipment (established in 1922). In 2021 the Company acquired Fanno Saw Works (established in 1920) to accelerate its growth. Today, the Company continues the tradition of using the finest materials in its Wenatchee factory to manufacture the finest pruning and harvesting tools available to professionals.

About Seacoast Capital

Founded in 1994, with offices in Boston, MA and San Francisco, CA, Seacoast Capital invests non-controlling capital in partnership with management in privately-held lower middle market companies. Seacoast is industry agnostic and typically invests $5 million to $30 million of capital in companies with $10 million or more in revenue and $2 million or more of EBITDA. Capital is used to support growth, refinancings, acquisitions, family ownership and wealth transfers, shareholder liquidity events and partnership or management buyouts. Geographically, Seacoast invests anywhere in the United States. Since its inception, Seacoast has managed over $1B of capital, which the firm has invested in 90+ transactions. Now managing its fifth fund, Seacoast continues to actively seek new investment opportunities. Learn more by visiting www.seacoastcapital.com.