Deloitte Corporate Finance acted as the exclusive financial advisor to Kar Nut Products, a Madison Heights, MI-based manufacturer of trail mixes and snack nut products, in its recapitalization with a New York-based private equity firm. Kar’s has operated as a family-owned business for more than 80 years.

“The Kar’s team’s success in building a top trail mix player in a rapidly growing snack category provided a strong platform for further market opportunities and growth,” said Lorin DeMordaunt, managing director, Deloitte Corporate Finance. “Advising a company with such rich history through an important milestone was gratifying.”

“Deloitte Corporate Finance acted as a true advisory partner to Kar’s. As I considered the right time to embark on a transaction, they provided invaluable advice, guidance and patience, allowing me to set the timetable,” said Nick Nicolay, president and CEO of Kar Nut.