Scott Sellers, managing director of Encore Consumer Capital, said, “This is a bittersweet day for Encore. We are pleased with the successful exit of Juice Tyme and feel that Highlander will be a great partner to carry the company forward. However, we will miss working with Juice Tyme’s talented and dedicated management team. It has been a pleasure working with them as they led the company through significant growth, two dividend recapitalizations and an expansion of the company’s manufacturing facility.”
Juice Tyme CEO Philip Scott spoke about working with Encore. “All of us at Juice Tyme appreciate the partnership and support we have received from Encore during the last seven years. As a family owned business, we had concerns about our transition to private equity, but Encore helped make it a very smooth and positive process. Over the years, they have helped us with strategy, marketing, financial and personnel issues. Encore always encouraged our management team to make the right long term decision for Juice Tyme and our customers, and this has allowed our company to continue to grow and prosper. We will miss our day-to-day relationship with Encore.