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.
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.”Read More
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.Read More
On March 4, 2014, CURT, a leading manufacturer and distributor of branded aftermarket towing and cargo management solutions, was acquired by Audax Group, a Boston-based private equity firm. Terms of the agreement were not disclosed. BB&T Capital Markets served as the exclusive financial advisor to CURT, a portfolio company of Chicago-based Pfingsten Partners, in the transaction. “Pfingsten has been a solid partner to me and my executive team, and we accomplished a great amount in a relatively short period of time,” said CURT CEO Greg Hooks. “That said, my team and I are very excited to join the Audax family as we continue to execute upon our organic and inorganic growth initiatives." Jonathan Carey, head of BB&T Capital Markets' Automotive Aftermarket Group, added, "CURT is a true leader in its space with unmatched management talent and capabilities. It was a great outcome for Pfingsten and their partners at CURT. We are also excited to see CURT embark on its next phase of growth and are confident that Audax and the team at CURT will be an enormously successful partnership.”Read More
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.
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."
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
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
Beer & Wine; Spirits; Distribution
Soda; Energy Drinks; Water; Coffee & Tea; Specialty
Broadline; Foodservice; Specialty; Ethnic
Grocery; Drug & Convenience; Foodservice; Restaurants; Bakery & Deli; Franchisor / Franchisee Groups
Nutraceuticals; Vitamins & Supplements; Natural & Organic; Healthy Living