Investment bank and financial advisory firm Brown Gibbons Lang & Company (BGL) has sold Crest Foods, a portfolio company and food manufacturer, to Harwood Private Equity, an investor in lower middle market companies across food and beverage, life sciences, precision manufacturing, media and healthcare services.
The transaction included BGL facilitating a sale-leaseback of a 575,000 sq ft contract packaging, distribution and warehousing facility in Illinois via global alternative investment manager TPG Angelo Gordon’s net lease business.
Specific terms of the transaction have not been disclosed.
Crest Foods was founded in 1946 and provides food manufacturing, packaging, and product development services to branded and private label customers across three business lines: ingredients; contract packaging; and consumer products.
