NMP Capital (NMP) is excited to partner with Palm Beach Capital (PBC) to support their recapitalization of Growve, resulting in PBC’s majority ownership of the company. We are pleased to announce our newest investment of debt and equity capital! Growve is a health and wellness company that specializes in vitamins, minerals, and supplements, as well as active nutrition.

This transaction marks NMP’s first investment with Palm Beach Capital. We look forward to supporting PBC and its compelling growth strategy for this portfolio company.

Growve is a health and wellness company based in St. Petersburg, Florida, specializing in vitamins, minerals, supplements (VMS) and active nutrition. With a portfolio of over 2,000 SKUs, 15+ owned brands, and a global team of 500+ employees, Growve boasts leadership in numerous wellness categories, premier ecommerce capabilities, multi-channel distribution, and in-house manufacturing and logistics.

Palm Beach Capital is a middle market private equity investment firm based in West Palm Beach, Florida. Currently investing out of its sixth committed fund, the firm focuses on high growth investment opportunities and partners with management teams in management buyouts, recapitalizations and growth equity investments. Since its inception, Palm Beach Capital has made investments in 57 portfolio companies, with a focus on business services, healthcare, and transportation and logistics sectors.

NMP Capital invests debt and equity capital in partnership with financial sponsors. NMP focuses on making investments in private equity-backed companies across a broad range of industries, including business services, consumer, industrials, and healthcare. For over 20 years, NMP has worked as committed, thoughtful investment partners who deliver creative and flexible transaction solutions.