Brown Gibbons Lang & Company (BGL) Announces Strategic Sale of Crest Foods to Harwood Private Equity
Source: The DairyNews
Leading independent investment bank, Brown Gibbons Lang & Company (BGL), is thrilled to disclose the successful sale of Crest Foods, a prominent player in dairy stabilizers, contract packaging, and branded and private label dry food manufacturing, to Harwood Private Equity (Harwood), an esteemed investor in the lower middle market segment.
The deal, handled by BGL's proficient Food & Beverage, Debt Capital Markets, and Real Estate teams, solidifies BGL's position as the exclusive financial advisor to Harwood. While specific financial terms remain undisclosed, the transaction showcases BGL's comprehensive suite of integrated advisory services, encompassing buy-side and sell-side assistance for food & beverage companies, including acquisition financing and real estate financing solutions.
Established in 1946, Crest Foods stands as a frontrunner in food manufacturing, packaging, and product development services for branded and private label customers. Operating across three key business lines:
Ingredients: Crafting proprietary stabilizer formulations for dairy products, spanning cottage cheese, cream cheese, yogurt, and dairy protein- and plant-based beverages.
Contract Packaging: Delivering packaging solutions to branded and private-label dry food companies.
Consumer Products: Specializing in outsourced product development and turn-key manufacturing services for branded food companies.
This strategic acquisition positions Crest Foods for its next phase of growth, maintaining its commitment to delivering value-added services to its blue-chip customer base and renowned consumer brands.
Harwood, a distinguished investor in the lower middle market, boasts extensive investment experience across diverse industries, including food and beverage, life sciences, precision manufacturing, media, and healthcare services.
Simultaneous with the acquisition, BGL facilitated a sale-leaseback arrangement for the affiliated 575,000-square-foot, state-of-the-art contract packaging, distribution, and warehousing facility in Ashton, IL, in collaboration with TPG Angelo Gordon's Net Lease business.
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company (BGL) is a leading independent investment bank and financial advisory firm, globally focused on the middle market. Offering expertise in mergers and acquisitions, capital markets, financial restructurings, business valuations and opinions, and other strategic matters, BGL serves private and public corporations and private equity groups. With offices in Chicago, Cleveland, Los Angeles, and New York for investment banking, and additional real estate offices in Chicago, Cleveland, and San Antonio, BGL is also a founding member of Global M&A Partners, extending its reach to clients in over 35 countries. Securities transactions are conducted through Brown, Gibbons, Lang & Company Securities, LLC, an affiliate of Brown Gibbons Lang & Company LLC and a registered broker-dealer and member of FINRA and SIPC.
Established in 1946, Crest Foods stands as a frontrunner in food manufacturing, packaging, and product development services for branded and private label customers. Operating across three key business lines:
Ingredients: Crafting proprietary stabilizer formulations for dairy products, spanning cottage cheese, cream cheese, yogurt, and dairy protein- and plant-based beverages.
Contract Packaging: Delivering packaging solutions to branded and private-label dry food companies.
Consumer Products: Specializing in outsourced product development and turn-key manufacturing services for branded food companies.
This strategic acquisition positions Crest Foods for its next phase of growth, maintaining its commitment to delivering value-added services to its blue-chip customer base and renowned consumer brands.
Harwood, a distinguished investor in the lower middle market, boasts extensive investment experience across diverse industries, including food and beverage, life sciences, precision manufacturing, media, and healthcare services.
Simultaneous with the acquisition, BGL facilitated a sale-leaseback arrangement for the affiliated 575,000-square-foot, state-of-the-art contract packaging, distribution, and warehousing facility in Ashton, IL, in collaboration with TPG Angelo Gordon's Net Lease business.
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company (BGL) is a leading independent investment bank and financial advisory firm, globally focused on the middle market. Offering expertise in mergers and acquisitions, capital markets, financial restructurings, business valuations and opinions, and other strategic matters, BGL serves private and public corporations and private equity groups. With offices in Chicago, Cleveland, Los Angeles, and New York for investment banking, and additional real estate offices in Chicago, Cleveland, and San Antonio, BGL is also a founding member of Global M&A Partners, extending its reach to clients in over 35 countries. Securities transactions are conducted through Brown, Gibbons, Lang & Company Securities, LLC, an affiliate of Brown Gibbons Lang & Company LLC and a registered broker-dealer and member of FINRA and SIPC.
