Cascadia Capital, an investment bank serving middle market clients globally, today announced it acted as the financial advisor to Graham Partners, Inc., a leading private equity firm based in Philadelphia, in its acquisition of Commercial Bakeries Corporation (“CBC”).
Headquartered in Ontario, Toronto, CBC is a renowned formulator and manufacturer of private label and co-manufactured cookies and biscuits that sells its products to blue-chip retail and CPG customers. The Company provides clients with customized services to meet each customer’s specific formulation requirements including Sandwich Cremes, Wire-Cut, Rotary, and many more, which are available as Conventional, Organic, Gluten-Free, Non-GMO Project Verified, and other certain product specifications.
Graham Partners is focused on investing in consumer and food technology companies that bring innovation to advanced manufacturing and disrupt traditional end markets, with emphasis on lending its own extensive operating resources and industrial expertise. Through the acquisition of CBC, Graham Partners aims to leverage CBC’s strong position in the co-manufacturing and private label bakery industry for further expansion and value creation. CBC provides Graham Partners with a unique opportunity to invest in a company with strong growth across five continents and long-term, mutually beneficial relationships with customers.
“We’re proud to be associated with this important transaction in the bakery sector,” noted George Sent, Cascadia Capital Managing Director. “This continues our focus on playing a meaningful role in the bakery co-manufacturing space within the Food industry.”
This acquisition represents another successful transaction for Cascadia in the food & beverage sector.
Past transactions include: