“CapX demonstrated a deep understanding of our business and equipment financing objectives by delivering a lease structure that met our strategic needs while satisfying the requirements of our investors and equipment vendors. Throughout our partnership, CapX has been a valuable business partner, and we look forward to continuing our relationship with the CapX team.
Brian Hack, VP Finance
Beanitos is a specialty food producer of branded bean-based snack products. Beanitos are sold in major grocery stores across the country including Whole Foods and Wal-Mart. The Company has developed a high-growth snack food category centered 100% on beans – positioning the product as an alternative to traditional corn, potato and soy based products. The growing demand for healthier snacking alternatives that are lower in fat and gluten free have validated Beanitos’ market and strengthened its brand presence. The Company turned to CapX Partners for growth capital to fund an investment in manufacturing equipment.
Headquartered in Austin, Texas, Beanitos produces and distributes their bean based branded snack products across the United States and in select international markets. Beanitos is a private equity sponsored-backed company with an experienced management team. After launching their brand in 2010, Beanitos has rapidly grown sales by penetrating new markets and expanding into new geographical distribution networks.
THE CAPX SOLUTION
In order to meet Beanitos projected production demands, CapX provided an equipment lease line of credit to finance new CapEx. The lease will fund Beanitos’ new production line.