BGL Advises the Ceres Enterprises & The Orlean Company

BGL advised the Hilton Garden Inn Cleveland Airport on a $13 million senior debt restructuring and financing transaction arranged by Access Point.

Client Description

The Hilton Garden Inn at Cleveland Hopkins Airport was originally developed by Ceres Enterprises & The Orlean Company in 1998. It features a restaurant and lounge, 3,300 square feet of meeting space, an indoor pool, a fitness center, and a market pantry. Strategically located along I-480, just north of the airport, the renovated hotel will be poised to be the top lodging choice for over 10 million travelers annually, as well as primed to service the $3 billion Cleveland Hopkins Airport master plan.

BGL Advises Superior Huntingdon Composites

Superior Huntingdon Composites, a portfolio company of Stonewood Capital Management, acquired by Liberty Lane Partners.

Client Description

Headquartered in Huntingdon, Pennsylvania, Superior Huntingdon, formerly a portfolio company of Stonewood Capital Management, is a leading manufacturer of custom and standard-formulated fiberglass continuous filament mat and Conformat® branded reinforcements, and Surmat® branded veils. Customers rely on the Company’s innovative materials in the manufacturing of their products to enhance the performance and surface quality of their composite-based products for critical applications.  These tailored solutions optimize customers’ manufacturing processes by reducing production scrap, improving cycle time, and increasing production efficiency across a diverse set of composite manufacturing processes. The Company’s products are commonly used in power and energy storage and management, infrastructure, building products, transportation, marine end markets, and other advanced composite applications.

BGL Advises Whitecap Waste

Whitecap Waste, a portfolio company of Mollitiam Holdings, has been recapitalizaed by Firmament.

Client Description

Headquartered in Beckley, West Virginia, Whitecap Waste is one of the leading regional providers of solid waste collection services in West Virginia and provides residential, commercial, and roll-off waste collection services to over 30,000 customers throughout Southern West Virginia. Whitecap Waste was founded in 2020 to create a regional solid waste platform and quickly consolidated three local solid waste companies: Beckley Garbage, Oak Hill Garbage, and Dave’s Sanitation. The company, led by President Michael Schmidt, aims to continue to expand its geographic footprint and improve operations in order to better serve the West Virginia community.

DealMAX 2024

Graphic showing a photo of a finance graph with the text Connect with us at DealMAX 2024 and headshots of real estate investment advisors, financial sponsor coverage bankers, debt capital markets bankers, and equity capital markets bankers.

Presented by the Association for Corporate Growth (ACG), DealMAX 2024 brings the entire middle market community together under one roof for three days of dealmaking, idea-sharing, and maximizing growth potential of their networks and transactional opportunities.

BGL is expanding its presence this year to include Financial Sponsor Coverage, Debt Capital Markets, Equity Capital Markets, and Real Estate Advisory bankers, who look forward to discussing industry trends and opportunities across M&A, corporate financing, capital raising, and real estate markets.

BGL takes an agnostic approach to transactions to ensure we’re providing our clients with objective, solution-oriented advice to fit their unique situations. Our middle market investment banking industry expertise, tenacious execution, and creative deal structuring — coupled with global access to the most active industry buyers — enable us to execute transactions effectively and efficiently and consistently exceed our clients’ expectations.

Northstar’s Private Equity Heavy Hitters Investment Forum

DCM Northstar Heavy Hitters 2024 SM Graphic vF

The 2024 Northstar Private Equity Heavy Hitters event brings together 40 private equity firms and middle market investment banking professionals for three days of curated networking and deal-sourcing opportunities.

BGL’s dedicated Debt Capital Markets and Financial Sponsor Coverage bankers will be attending.

BGL has experience raising capital across a variety of client types, industries, structures, and uses. With deep relationships spanning hundreds of institutions across an expanding private capital landscape, he provides customized solutions to ensure clients’ capital structures are best suited to meet their objectives.

Heather Mosbacher Reiner develops and maintains relationships with the most active and respected financial sponsors in the middle market, working closely across industry and product groups to deliver the full breadth of BGL’s platform to our clients.

SharkNinja Follow-on Offering

SharkNinja $300 Follow on Offering

Description

SharkNinja is a diversified, global product design and technology company that creates lifestyle solutions through innovative products for consumers around the world.

Xevant Secured Growth Capital from HCAP Partners

Xevant secured growth capital from HCAP Partners

Target Description:

Xevant’s revolutionary pharmacy benefits platform infuses real-time automation and alerts throughout the data analysis process, accelerating and simplifying the painstaking task of report building for PBMs, TPAs, Health Plans, Brokers, and Consultants. With Xevant, critical pharmacy analysis that took weeks, months, or more can now be done instantly. The results are optimized business processes, reduced operating costs, and improved patient outcomes. Xevant is recognized as the 19th fastest-growing company on Mountain West Capital Network’s Utah 100 list and the recipient of the Pharmacy Benefit Management Institute’s (PBMI) 2023 Excellence Award for cost containment.

BGL Advises Harwood Private Equity

Harwood Private Equity acquired Crest Foods

Client Description

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.

BGL Advises Harwood Private Equity

Harwood Private Equity completed a sale leaseback transaction with Crest Foods structured with TPG

Client Description:

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.

BGL Announces the Acquisition of Crest Foods by Harwood Private Equity

Crest Foods Harwood Tombstones Website VF

Brown Gibbons Lang & Company (BGL) is pleased to announce the sale of Crest Foods, a leading provider of dairy stabilizers, contract packaging, and branded and private label dry food manufacturing, to Harwood Private Equity (Harwood), an investor in lower middle market companies. BGL’s Food & Beverage, Debt Capital Markets, and Real Estate teams together served as the exclusive financial advisor to Harwood. The specific terms of the transaction were not disclosed.

The transaction highlights BGL’s ability to offer a full suite of integrated advisory services to both buy-side and sell-side food & beverage companies, including acquisition financing and real estate financing 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 three business lines:

  • Ingredients: Develops proprietary stabilizer formulations and recipes for dairy products, including cottage cheese, cream cheese, yogurt, and dairy protein- and plant-based beverages.
  • Contract Packaging: Provides packaging services to branded and private-label dry food companies.
  • Consumer Products: Specializes in outsource product development and turn-key manufacturing services for branded food companies.

The acquisition provides Crest with a partner who can lead the company into its next phase of growth while maintaining its dedication to providing value-added services to its blue-chip customer base and 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 conjunction with the acquisition, BGL facilitated a sale-leaseback of the affiliated 575,000-square-foot, state-of-the-art contract packaging, distribution, and warehousing facility in Ashton, IL, via TPG Angelo Gordon’s Net Lease business.