January, 2024. Peakstone served as exclusive M&A advisor to Progressive International in connection with its sale to Evriholder Products.
Progressive International is an innovative provider of kitchen gadgets and food storage based in Kent, WA. Established in 1973, Progressive has an excellent reputation for innovative, high-quality kitchen products that make consumers’ lives easier. Progressive sells to department stores, specialty houseware chains, independent gourmet and cookware retailers, national and regional mass merchants, mail order companies, and online retailers.
Evriholder Products LLC, established in Brea, California in 1995 is an innovator specializing in a wide variety of household categories including kitchen, produce, baking, barware, bath and beauty, cleaning, pet, storage & organization, toy, seasonal, and more. Evriholder is an impulse product industry leader with products in nearly all retail channels including specialty, mass merchants, supermarkets, drug stores, hardware stores, club, catalog, online, and more. Evriholder also has a strong international foothold with markets in Europe, Australia, and Latin America.
Keith Fox, Chairman of Progressive International said “Peakstone added significant value at every step of the transaction. The team worked extensively to prepare Progressive for the sale process. Peakstone positioned our business extremely well in the market and executed a strong and highly organized process from start to finish that delivered an excellent outcome for our shareholders.”
Terms of the transaction were not disclosed.
For additional information please contact:
Christian Colucci, Managing Director, christian@peakstone.com
Mike Taylor, Managing Director, mtaylor@peakstone.com
About Peakstone
Peakstone 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. To receive investment and proprietary acquisition opportunities, please register at www.peakzone.com.