October 4, 2017
Cascadia Capital, an investment bank serving middle market clients globally, today announced it acted as the exclusive financial advisor to Ozone International, LLC (“Ozone”), a world leader in food safety equipment, in its acquisition by Wheatsheaf Group (“Wheatsheaf”).
Founded in 2003 by father & son team Jim and Jon Brandt, Ozone is a leading provider of ozone-based food safety equipment and technology. Based in Bainbridge Island, Washington, Ozone has a national network of sales and service employees, and its customers include some of the largest protein, fruit, vegetable, and beverage companies in the world.
Wheatsheaf Group (“Wheatsheaf”) is the investment arm of the Grosvenor Estate, an internationally diversified property and investment group owned by trusts on behalf of the Grosvenor family headed by the Duke of Westminster. Wheatsheaf was established in 2012 and makes investments in sustainable food and energy initiatives globally.
Jon Brandt, previous CEO of Ozone, will continue in an upper-management role going forward. Brandt says, “Cascadia was instrumental in guiding us through a two-year process which included a debt refinancing and our exit. We are excited to continue to grow Ozone International under the umbrella of Wheatsheaf, who brings a wealth of experience and support to help in that goal.”
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