CHICAGO, June 3, 2021 / PRNewswire / – Brown Gibbons Lang & Company (BGL), a leading independent investment bank and financial advisory firm, is pleased to announce the sale of Starwest Botanicals (Starwest) to Incline Equity Partners. BGL Food & Beverage investment banking team acted as Starwest’s exclusive financial advisor in the transaction. The transaction strengthens BGL’s expertise in botanicals and spices, and more broadly in the food ingredients sub-sector. The exact terms of the transaction were not disclosed.
Starwest Botanicals was founded in 1975 as a small retail store in Sacramento, California, with an emphasis on selling top quality plants, herbs and spices at competitive prices. In 1979, the company built its first grinding equipment to better control processing and quality control. In 1980, Starwest began importing from several different countries around the world, supplying manufacturers and wholesalers and supporting the emerging organic ingredients industry. In 1983, Starwest was named Inc. the magazine’s list of â500 Fastest Growing Private Companiesâ. Prior to the acquisition, the company was one of the largest independent, value-added, vertically integrated processors and suppliers of organic plants, herbs and spices in United States, with nearly 200,000 square feet of modern warehouse and production space.
Starwest is uniquely positioned as a full service provider due to its extensive global supplier network, international expertise in organic importation, in-house quality control testing, and processing and testing capabilities. customizable packaging. The company serves as a one-stop-shop solution to a diverse base of over 10,000 customers, with access to over 3,000 SKUs in various forms (whole, cut, powder, etc.) and packaging formats (bulk, wholesale and single-serve). Unique in-house processing and quality control systems ensure superior product quality, while providing the ability to meet a multitude of customer product specifications.
BGL’s Food & Beverage team has in-depth industry knowledge and extensive transaction experience, representing companies across the food and beverage landscape. Coverage includes sourcing, processing and distribution of the global supply chain, as well as wholesale and retail of branded and private label products.
About Brown Gibbons Lang & Company
Brown Gibbons Lang & Company (BGL) is a leading independent investment bank and financial advisory firm focused on the global middle market. The firm advises private and public companies and private equity groups on mergers and acquisitions, capital markets, financial restructurings, valuations and opinions, and other strategic matters. BGL has investment banking offices in Chicago, Cleveland, and Philadelphia cream, and real estate agencies in Chicago, Cleveland, and San Antonio. The firm is also a founding member of Global M&A Partners, enabling BGL to serve clients in more than 30 countries around the world. Securities transactions are conducted through Brown, Gibbons, Lang & Company Securities, Inc., a subsidiary of Brown Gibbons Lang & Company LLC and a registered broker and member of FINRA and SIPC. For more information, please visit www.bglco.com.
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