LOS
ANGELES, July 1, 2024 -- B. Riley Securities, Inc. ("B.
Riley"), a leading middle market investment bank, advised on
the sale of The Santa Barbara Smokehouse ("SBS"), a leader in
producing smoked salmon of the highest quality, to HKW's portfolio company,
PANOS Brands, LLC ("PANOS"), a provider of branded consumer foods. Financial
terms of the transaction were not disclosed.
Robert Woolway, Senior Managing Director at B. Riley Securities, said "Our team
worked very hard to find the best strategic buyer for SBS, and we were thrilled
when HKW agreed SBS would be an outstanding addition to their line-up of brands
at PANOS."
SBS uses traditional, artisanal smoking methods originated in Scotland and
adopted by founder Tim Brown to create handcrafted delicacies for a range of
blue-chip customers in the retail and foodservice channels. Industry experts
consider SBS's Cambridge House Private Reserve to be one of the world's finest
smoked salmon products. For more information, visit www.sbsmokehouse.com.
Tim Brown said, "I am excited for PANOS to expand their reach of our products
to fuel consumer interest in high quality smoked salmon. B Riley did an
excellent job, based on its deep relationships with food industry investors,
identifying a number of interested parties, including HKW's PANOS
Brands."
B. Riley's M&A advisory team was led by Robert Woolway. Read
more about the transaction here.
About
B. Riley Securities
B. Riley has served as a preeminent fixture in middle market brokerage and
investment banking for over 25 years. We provide a full suite of investment
banking and capital markets services to companies, financial sponsors, and
institutional investors across all industry verticals. Investment banking
services include initial, secondary and follow-on offerings, institutional
private placements, merger and acquisition (M&A) advisory, SPACs, debt
financings, corporate restructuring and recapitalization. Widely recognized for
our thematic proprietary equity research, clients benefit from B. Riley's
extensive network, industry expertise, and proven execution capabilities of our
end-to-end financial services platform. Please see disclosures about B. Riley
Securities Research here. The firm is a
subsidiary of B. Riley Financial (Nasdaq: RILY). For more information, visit www.brileysecurities.com.
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