This acquisition will enable Crest Foods to begin its next phase of growth.
CHICAGO, IL — February 20, 2024 — Brown Gibbons Lang & Company (BGL) sells Crest Foods, a leading provider of dairy stabilizers, contract packaging, and branded and private label dry food manufacturing, to midstream investor Harwood Private Equity (Harwood) I am happy to announce that. market companies. BGL’s food and drinks, debt capital marketand real estate Together, the team served as Harwood’s exclusive financial advisors. Specific terms of the transaction were not disclosed.
This transaction highlights BGL’s ability to provide comprehensive advisory services to both buy-side and sell-side food and beverage companies, including acquisition finance and real estate finance solutions.
Founded in 1946, crest foods is a leading provider of food manufacturing, packaging and product development services to branded and private label customers. The company operates his three business areas.
- material: Develop unique stabilizer formulations and recipes for dairy products such as cottage cheese, cream cheese, yogurt, milk proteins and plant-based beverages.
- contract packaging: Provides packaging services to branded and private label dry food companies.
- Consumer products: We specialize in outsourced product development and turnkey manufacturing services for branded food companies.
This acquisition provides Crest with a partner who can lead the company into its next phase of growth while maintaining its blue-chip customer base and dedication to providing value-added services to leading consumer brands.
harwood is a leading investor in lower middle market companies with investment experience across a variety of industries, including food and beverage, life sciences, precision manufacturing, media and healthcare services.
In connection with this acquisition, BGL facilitated the sale-leaseback of a 575,000 square foot state-of-the-art contract packaging, distribution and warehousing facility located in Ashton, Illinois. TPG Angelo Gordon’s Net Lease work.
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company (BGL) is a leading independent investment banking and financial advisory firm focused on the global middle market. The firm advises private and public companies and private equity groups on: mergers and acquisitions, capital market, financial reconstruction, Business reviews and opinions, and other strategic matters. BGL has investment banking offices in Chicago, Cleveland, Los Angeles and New York, and real estate offices in Chicago, Cleveland and San Antonio. The company is also a founding member of Global M&A Partners, enabling BGL to serve customers in more than 35 countries around the world. Securities transactions are conducted through Brown, Gibbons, Lang & Company Securities, LLC, an affiliate and registered broker-dealer and member of Brown Gibbons Lang & Company LLC. finra and SIPC. Learn more about. www.bglco.com.
