Completed Sale of Commercial Bakery
December 2018 - The Independence Group (IG) announces the sale of its client, a Commercial Bakery. The buyer is a Private Equity Firm.
The Seller is located in Southern California and has been operating for more than 40 years. It specializes in natural non-genetically modified bread products such as pita bread, bagels and croissants. The Company delivers directly to independent stores and restaurants and also sells its products to wholesalers and distributors across the western states.
The Buyer is Surge Private Equity, a Dallas based private equity firm that invests in small, growing businesses in a range of industries. Surge takes majority equity positions in its investments with sellers and lenders typically having minority interests. Its operating partners prefer to augment the expertise of the current management team.
"This was a hard-fought sale process due to a challenging environment for the seller," said Larry Willis, President of IG. "We assisted with working through some difficult customer fluctuations and ever-changing deal expectations."
Sam Bath, IG's consultant in Southern California headed the sell-side team, along with Alejandra (Ale) Cavazos, Vice President of Finance and Administration. Chris Christensen, Buy-Side Specialist with Acquisition Partners, also played a key role in this deal process.
IG works in tandem with its buy-side services division, Acquisition Partners (AP), to provide a full range of M&A services. For more information about AP visit www.acq.partners.