Food & Agribusiness Group

BB&T Capital Markets is distinctly focused on the Food & Agribusiness sector with full service capabilities to serve the entire food channel, including distributors, agribusiness, food manufacturers and retailers as well as the restaurant sector. Our team of investment bankers, corporate lenders and award-winning equity research analysts combine industry depth with the broadest strategic tools available, including


Through our strong relationships with top strategic buyers and private equity firms, we are distinctly committed to the success of our clients.

 

In-house industry expert Heather Jones was recently named No. 1 in the national Starmine/Thompson Reuters Awards for Excellence for her stock recommendations in the food products industry

  • Halperns’ Steak and Seafood Company

    On January 7, 2015, Halperns’ Steak and Seafood Company, an Atlanta-based leading specialty distributor of high-quality meats and seafood, was acquired by Gordon Food Service, the largest family-operated broadline foodservice distributor in North America. Terms of the transaction were not disclosed. BB&T Capital Markets served as the exclusive financial advisor to Halperns’ Steak and Seafood Company. Regarding the deal, Howard Halpern, Chairman of Halperns’ Steak and Seafood Company, stated: “It is remarkable what we have accomplished at Halperns’ in less than 10 years, and a testament to the talent of each and every member of the Halperns’ team. We are thoroughly convinced that Gordon Food Service is the ideal fit for Halperns’, and are very excited to join the Gordon family to continue our growth story.” Jim Gordon, CEO of Gordon Food Service, added, “We are thrilled to welcome Halperns’ Steak and Seafood to Gordon Food Service. Halperns’ focus on consultative selling and its reputation as the premier center-of-plate specialty protein distributor aligns with Gordon Food Service’s commitment to delivering exceptional products and service to our customers. We look forward to working with Halperns’ employees, customers, and suppliers in continuing to grow this great business.”

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  • Knoxville Beverage Company, Inc.

    On October 31, 2014, Knoxville Beverage Company, Inc., a Tennessee-based regional wine and spirits distributor, was acquired by Eagle Distributing Company, Inc., a leading beverage distributor in eastern Tennessee. Terms of the transaction were not disclosed. BB&T Capital Markets served as the exclusive financial advisor to Knoxville Beverage Company. Regarding the deal, Mike Milner, President of Knoxville Beverage Company, said, “I am proud of what we have accomplished at Knoxville Beverage Company over the last 53 years. That said, my team and I are very excited to join the Eagle family as we continue to provide superior service to the Knoxville market." Jerry Sinclair, VP of Sales & Marketing for Knoxville Beverage Company, reflected, “For the past 26 years it has been my privilege to work for Knoxville Beverage Company, which has grown significantly under Michael’s leadership. The Hand family is getting a wonderful company, and I look forward to continued success under their leadership.” Mike Craig, CFO of Eagle Distributing, added, “Knoxville Beverage has been proudly serving the greater Knoxville community for more than 50 years, and we are excited to have Mike and his team on board. We look forward to working with KBC’s employees, customers, and suppliers in continuing to grow this great family business.”

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  • TreeHouse Foods, Inc. (NYSE: THS)

    BB&T Capital Markets’ Food & Agribusiness Group completed a transaction for a food manufacturer and distributor in the third quarter of 2014, in an equity offering worth $325,000,000. The Company intends to use the net proceeds from the offering to finance a portion of the acquisition of Flagstone Foods, a manufacturer and distributor of snacks and dried fruits, which the Company expects to close in the third quarter of 2014. TreeHouse plans to finance the remaining portion of the acquisition through borrowings under its existing credit agreement.

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  • Ingles Markets

    On May 29, 2013, BB&T Capital Markets served as a lead manager on a $700 million offering of 5.75% senior notes by Ingles Markets. Proceeds from the ten-year notes offering are being used to repurchase Ingles’ existing 8.875% notes due 2017 and to repay amounts outstanding on its line of credit. This offering represents the second such lead mandate to which BB&T Capital Markets has been invited by Ingles.

  • Co-Manager IPO - Fairway
  • Senior Notes - Travel Centers of America

    Travel Centers of America

    On January 8, 2013, BB&T Capital Markets served as a co-manager for TravelCenters of America's $100 million offering of 8.25% retail senior notes due 2028. Proceeds from the transaction are being used for acquisitions of additional truck-stops, capital expenditures, and other expansion activities. TravelCenters is a spin-off from Hospitality Properties Trust, from whom it leases a portion of its current property portfolio. TravelCenters' business included 243 centers in 41 states and in Canada as of December 31, 2012, operating under the brand names "Travel Centers of America," "TA," and "Petro."

  • Senior Notes - Dr. Pepper Snapple Group
  • Acquisition - IFH Foodservice Distribution
  • Senior Notes - Ruby Tuesday
  • Senior Notes - Flowers Foods
  • IPO Co-Manager - Roundys
  • IPO Co-Manager - The Chefs Warehouse

Our Areas of Expertise

Agriculture, Livestock & Food Safety

Crop Inputs;  Grains, Sugar, Cocoa, & Oilseeds; Milling & Processing; Transportation, Logistics, & Storage; Growers; Protein Processors; Poultry; Seafood; Beef; Pork; Eggs; Dairy; Animal Feed / Health & Wellness; Food Safety, Testing, & Inspection

Food Products

Branded Goods; Private Label & Contract Manufacturing; Fresh Fruit, Vegetables, & Produce; Flavors & Seasonings; Sweeteners; Ethnic, Artisanal, & Specialty; Protein Products; Dairy Processing; Frozen & Prepared Foods; Baked Goods; Edible Oils; Snack & Confectionery; Chocolate; Fruit & Nut Snacks; Cookies, Crackers, & Chips; Cakes, Pies, & Pastries; Ice Cream & Frozen Treats

Alcoholic Beverages

Beer & Wine; Spirits; Distribution

Non‐Alcoholic Beverages

Soda; Energy Drinks; Water; Coffee & Tea; Specialty

Distribution

Broadline; Foodservice; Specialty; Ethnic

Retail

Grocery; Drug & Convenience; Foodservice; Restaurants; Bakery & Deli; Franchisor / Franchisee Groups

Health & Wellness

Nutraceuticals; Vitamins & Supplements; Natural & Organic; Healthy Living

The Outlook for Food and Agribusiness

Heather JonesSenior Industry Research AnalystFood and AgribusinessPlay The Video