B. Riley Securities, a middle-market investment bank, advised on the sale of The Santa Barbara Smokehouse (SBS), a producer of smoked salmon, to HKW’s portfolio company, PANOS Brands, (PANOS), a provider of branded consumer foods. Financial terms of the transaction were not disclosed.
“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,” Robert Woolway, senior managing director at B. Riley Securities, said.
“I am excited for PANOS to expand their reach of our products to fuel consumer interest in high quality smoked salmon,” Tim Brown, founder of SBS, said. “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 Woolway.
