Has acquired The undersigned acted as financial advisor to Cal-Organic Companies in these transactions.

Tri-Duncan Farms is the largest US vertically integrated provider of organic vegetables to natural food and mainstream markets.

Tri-Duncan Farms had achieved significant momentum in the organic farming marketplace. When the FDA revised the consumer labeling policy, the demand for Cal Organic brand products soared.

To take advantage of this opportunity, the family owners sought a financial partner to help fuel the expansion of the Cal Organic brand.

Brereton, Hanley arranged due diligence meetings with a number of the country’s largest publicly traded food and agricultural companies. After managing a soft auction between two strategic buyers and one private equity group, we ultimately closed an acquisition agreement with Grimmway Enterprises, selling the operating companies and leasing from the family 5,000 acres of certified organic farmland.

This deal was the highest reported multiple of EBITDA negotiated for a US based agricultural company in the last 10 years.

Client Reference Letter

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