March, 2016. Peakstone served as exclusive financial advisor to Cincinnati Preserving Company, Inc., dba Clearbrook Farms, on its sale to Glencoe Capital, LLC. Clearbrook is an award-winning provider of a variety of all natural jams, jellies, fruit butters, preserves and fillings to both the retail and industrial markets. More information regarding Clearbrook Farms can be found on their website, www.clearbrookfarms.com.
“The acquisition of Clearbrook represents an excellent opportunity for Glencoe Capital to enter the fast growing specialty foods segment. Clearbrook Farm’s branded retail products have an excellent and long-standing reputation for manufacturing a wide array of clean-label and high-fruit products, and is well positioned for growth among today’s consumers seeking quality all-natural foods. The Company also serves a select list of long-term customers in the private label and industrial segments, demonstrating innovation in product development, quality manufacturing, and excellent service,” said Jason Duzan, Managing Director of Glencoe Capital. “Peakstone was essential to completing this transaction. Their team did outstanding work facilitating the process to a successful close.”
Clearbrook’s President and CEO, Andy Liscow, will continue in his role. “I look forward to working with Glencoe Capital to continue building the Clearbrook brand. We believe that our partnership with Glencoe Capital is a great opportunity for our employees, customers and suppliers as we explore various growth initiatives for our business. We believe that the time is right to make investments in the business to expand our product offerings to be even more successful. With the support of Glencoe Capital, we can do that.”
Dan Cohen, who helped build Clearbrook’s reputation in the specialty foods market, will remain with the Company in a transitional role. “After many years in this industry, I look forward to transitioning the brand and spending more time with my family. I couldn’t be prouder of our products, our employees and the business we built. The Peakstone team was invaluable to the sale process. They developed and executed on a successful sell strategy, including managing the process to a successful transaction close.”
Terms of the transaction were not disclosed.
For additional information about this transaction, contact:
Eric Dziedzic, Managing Director, 312-346-7314, email@example.com
Cathy Jaros, Managing Director, 312-262-7735, firstname.lastname@example.org
The Peakstone Group is a leading investment bank that specializes in mergers and acquisitions advisory and capital raising for middle market clients. Our team is comprised of senior investment banking professionals who have decades of experience and have executed hundreds of transactions totaling billions of dollars. For additional information, visit www.peakstone.com or contact Carolyn Henson, email@example.com or 312-204-7300.