has been acquired by
ABOUT THE COMPANY:
Koffee Kup Bakery (“KKB”) is a manufacturer of baked goods, including bread, donuts, and English muffins, delivering to an established base of high-volume customers in the Northeast and Mid-Atlantic regions. KKB distributes its products to over 4,500 delivery points supported by a 135-route distribution network. G2 and the Company have had a long-term relationship prior to the transaction including financial advisory and liquidity management support.
SITUATION:
The Company was in the process of repositioning its business to capitalize on a compelling platform of established brands, private label partnerships, long-term relationships with blue-chip retailers, and a vast distribution network. The Company sought a financial partner to accelerate its next phase of growth and profitability. KKB is one of largest employers in the state of Vermont, with 500 employees across its three bakery facilities.
ENGAGEMENT:
G2 served as the exclusive financial advisor to KKB, leading a targeted and efficient sell-side effort focused on finding the optimal partner to support the Company's long-term growth strategy.
OUTCOME:
Koffee Kup Bakery successfully completed a majority sale transaction with AIAC in April 2021. AIAC has significant experience partnering with manufacturing and distribution businesses and is well positioned to continue the expansion of KKB, capitalizing on operational improvements and driving growth momentum forward.
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