Generational Capital Markets, a member of FINRA/SIPC and a leading M&A advisor to private companies, is pleased to announce the sale of its client Great Lakes Renewable Energy Inc. to Lignetics Inc. (the holding company of Taglich Private Equity LLC). The acquisition ends on March 31, 2021.
Great Lakes Renewable Energy, located in Hayward, Wisconsin, is a wood pellet manufacturer that specializes in the production of grilled wood pellets, mainly named after the Lumber Jack Grilling Pellets brand. The company is the only roundwood pellet plant in the world that uses its future capacity to produce this product, and the only plant that produces 5.5 mm pellets. GLRE serves more than 1,200 regular customers in various barbecue sub-sectors around the world, including condiments, sporting goods, leisure and professional meat smoking companies.
Headquartered in Louisville, Colorado, Lignetics is the largest residential wood pellet manufacturing company in the United States, with an annual production capacity of more than 1.2 million tons of wood pellets. The company now operates 17 manufacturing plants in the United States, including Maine, Oregon (2), Idaho, West Virginia, Virginia (2), Wisconsin (4), New Hampshire, New York ( 2) and Pennsylvania (2)) and Quebec, Canada.
Founded in 1983, Lignetics is a market leader in converting wood waste into a series of high-quality environmentally friendly 100% natural products, covering multiple consumer categories. Consumption categories include residential heating, home barbecues, and more recently pet product categories. Composed of a series of brands, Lignetics is committed to providing consumers with innovative products of various brands, including Lignetics (residential heating), Lumber Jack Grilling Pellets (through the acquisition of GLRE), Bear Mountain BBQ (family barbecue) and Catalyst Pet (pet products) )brand.
The company's innovative environmentally friendly products include high-quality wood pellets for ultra-efficient heating, naturally sealed barbecue pellets with a perfect wood-burning flavor, and high-quality all-natural high-performance cat litter. Lignetics provides these innovative all-natural products through national retail partners and provides these products directly to consumers through the only national wood pellet manufacturing plant network with 17 different factory locations throughout the United States and Canada. For more information about Lignetics and all of its products, please visit https://lignetics.com/.
Taglich Private Equity is a value-oriented financial sponsor headquartered in New York, focusing on investing in the low-end market. They focus on capital restructuring, management buyouts and majority equity investments, with targets for manufacturing, business services and consumer goods companies. TPE focuses on finding good investment opportunities, taking advantage of the company's advantages, discovering new market opportunities, and providing strategic support to a competent management team.
Since its establishment in 2001, the company has invested more than US$650 million in the low-end market. They hope to work with management teams who can use their expertise and background to optimize the company's growth potential and create long-term value. For more information about TPE, please visit https://taglichpe.com/.
Phil Pizzurro, senior managing director of mergers and acquisitions of Generational Capital Markets, successfully completed the transaction. Senior Managing Director Rick Buchoz established an initial relationship with GLRE.
Pizzurro said: "It is an honor to work on behalf of GLRE shareholders and an honor to further develop our relationship with Taglich." "GLRE, Lignetics and TPE all operate with the utmost integrity, which can be seen from the loyalty of their employees and the satisfaction of their customers. This is evident. This leads to cultural coherence and helps to distinguish this group from other groups."
Pizzurro added: “Furthermore, the strategic fit and synergies that this transaction will achieve are unparalleled. I am fully confident that this partnership will bring GLRE continuous future growth, as well as its employees, customers and suppliers. Provide substantial progress and expansion opportunities."