Harris Williams Advises The Bakery Cos. on its Partnership with Arbor Investments

Richmond, Virginia – Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised The Bakery Cos., a leading provider of buns, biscuits, English muffins and other bakery products, on its partnership with Arbor Investments. The transaction was led by Tim AlexanderBrant CashAndreas PothAndy Warczak and Dave Stead of the Harris Williams Consumer Group.

“Over its more than 20-year history, The Bakery Cos. has generated significant growth by providing customers with superior product quality and service,” said Tim Alexander, a managing director at Harris Williams. “Arbor Investments brings many years of experience in the industry, and we believe they will be a great partner for the company. We are excited to see the company build upon its leadership position.”

“The food and beverage industry, and the bakery segment in particular, continues to attract investors. Harris Williams has witnessed this continued interest, having advised 10 food and beverage companies over the last 12 months,” added Brant Cash, a managing director at Harris Williams. “Innovative and flexible bakeries that can meet the demands of today’s customers are positioned for long-term growth, and companies like The Bakery Cos. are emblematic of this trend.”

Established in 1996 by Cordia Harrington, The Bakery Cos. has become one of the leading suppliers of bakery products in the Southeastern United States. The company provides various products for its customers, including buns, biscuits, English muffins and other artisan and organic bakery products. The company is headquartered in Nashville, Tennessee, with additional facilities in Dickson, Tennessee and Norcross, Georgia.

Founded in 1999 with offices in Chicago and New York, Arbor Investments is a specialized private equity firm that focuses exclusively on acquiring premier companies in the food and beverage industries. To date, the firm has acquired or invested in over 70 food and beverage companies in North America.

Harris Williams, an investment bank specializing in M&A advisory services, advocates for sellers and buyers of companies worldwide through critical milestones and provides thoughtful advice during the lives of their businesses. By collaborating as one firm across Industry Groups and geographies, the firm helps its clients achieve outcomes that support their objectives and strategically create value. Harris Williams is committed to execution excellence and to building enduring, valued relationships that are based on mutual trust. Harris Williams is a subsidiary of the PNC Financial Services Group, Inc. (NYSE: PNC).

The Harris Williams Consumer Group has completed more than 60 transactions in recent years across a variety of verticals, including branded consumer products; consumer services; food, beverage and agribusiness; and restaurant and retail. For more information on the Harris Williams Consumer Group and other recent transactions, visit the Consumer Group’s section of the Harris Williams website.

Harris Williams LLC is a registered broker-dealer and member of FINRA and SIPC. Harris Williams & Co. Ltd is a private limited company incorporated under English law with its registered office at 5th Floor, 6 St. Andrew Street, London EC4A 3AE, UK, registered with the Registrar of Companies for England and Wales (registration number 07078852). Harris Williams & Co. Ltd is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. Corporate Finance Advisors GmbH is registered in the commercial register of the local court of Frankfurt am Main, Germany, under HRB 107540. The registered address is Bockenheimer Landstrasse 33-35, 60325 Frankfurt am Main, Germany (email address: hwgermany@harriswilliams.com). Geschäftsführer/Directors: Jeffery H. Perkins, Paul Poggi. (VAT No. awaited). Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.