Harris Williams Advises Kronos Foods, Inc. on its Sale to Entrepreneurial Equity Partners
February 12 2020 - 12:16PM
Business Wire
Harris Williams, a global investment bank specializing in
M&A advisory services, announces that it advised Kronos Foods,
Inc. (Kronos), a portfolio company of Grey Mountain Partners, LLC
(Grey Mountain), on its sale to Entrepreneurial Equity Partners
(e2p). Kronos is a leading provider of on-trend, value-added
specialty protein, bakery and sauce products. The transaction was
led by Tim Alexander, Brant Cash, Brant Wilczek and Richard Furseth
of the Harris Williams Consumer Group.
“Kronos’ differentiated offering of world cuisine, premier
innovation and customer-centric culture has driven significant
growth over the past several years,” said Tim Alexander, a managing
director at Harris Williams. “Ensuring investors fully appreciated
Kronos’ story and capabilities required an advisor with extensive
expertise in food. We are excited to find a partner for our client
in e2p that we believe will build upon Kronos’ recent
momentum.”
“Investors are attracted to the food and beverage sector for its
stability and are particularly looking for businesses with a proven
history driving growth through innovation. Companies like Kronos,
with a leading position in Mediterranean foods and the flexibility
to expand into new, value-added protein and bakery products, are
positioned to thrive in the evolving food industry,” said Brant
Cash, a managing director at Harris Williams.
Since 1975, Kronos has led the specialty protein industry in
innovation, starting with the successful development and marketing
of the first standardized gyros cone. Kronos has now expanded
beyond Mediterranean foods into bold, on-trend world cuisine via
its lines of value-added specialty proteins, bakery products and
sauces.
Grey Mountain is a Boulder, Colorado-based private equity firm
that focuses on partnering with management to create lasting value
through operational improvements and strategic growth initiatives.
Grey Mountain invests at the small end of the middle market in
companies across a wide range of industries, manages approximately
$700 million of assets and is currently investing from its third
fund.
e2p is a middle market, Chicago-based private equity firm
focused on control-oriented investments in the food and consumer
packaged goods industries. e2p’s team of professionals includes
experienced food and consumer packaged goods executives and
investors who bring an entrepreneurial mindset and extensive
industry networks to supporting and collaborating with portfolio
company teams.
Harris Williams, an investment bank specializing in M&A
advisory services, advocates for sellers and buyers of companies
worldwide through critical milestones and provides thoughtful
advice during the lives of their businesses. By collaborating as
one firm across Industry Groups and geographies, the firm helps its
clients achieve outcomes that support their objectives and
strategically create value. Harris Williams is committed to
execution excellence and to building enduring, valued relationships
that are based on mutual trust. Harris Williams is a subsidiary of
the PNC Financial Services Group, Inc. (NYSE: PNC).
The Harris Williams Consumer Group has completed more than 60
transactions in recent years across a variety of verticals,
including branded consumer products; consumer services; food,
beverage and agribusiness; and restaurant and retail. For more
information on the Harris Williams Consumer Group and other recent
transactions, visit the Consumer Group’s section of the Harris
Williams website.
Harris Williams LLC is a registered broker-dealer and member of
FINRA and SIPC. Harris Williams & Co. Ltd is a private limited
company incorporated under English law with its registered office
at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered
with the Registrar of Companies for England and Wales (registration
number 07078852). Harris Williams & Co. Ltd is authorized and
regulated by the Financial Conduct Authority. Harris Williams &
Co. Corporate Finance Advisors GmbH is registered in the commercial
register of the local court of Frankfurt am Main, Germany, under
HRB 107540. The registered address is Bockenheimer Landstrasse
33-35, 60325 Frankfurt am Main, Germany (email address:
hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery
H. Perkins, Paul Poggi. (VAT No. DE321666994). Harris Williams is a
trade name under which Harris Williams LLC, Harris Williams &
Co. Ltd and Harris Williams & Co. Corporate Finance Advisors
GmbH conduct business.
For media inquiries, please contact Katie Langemeier, associate
brand manager, at +1 (804) 648-0072.
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version on businesswire.com: https://www.businesswire.com/news/home/20200212005668/en/
Katie Langemeier, associate brand manager, at +1 (804)
648-0072
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