EagleTree Capital Acquires Lignetics from Taglich Private Equity and Mill Road Capital
November 1, 2021
EagleTree Capital, on behalf of its EagleTree Partners V fund, has acquired Lignetics Inc. from Taglich Private Equity and Mill Road Capital. Lignetics — the largest consumer-focused wood pellet manufacturer in the U.S., headquartered in Louisville, Colorado — will serve as a new platform investment for EagleTree; co-investors include Alpha Associates, Bullingham Capital, Farol Asset Management, Manulife Investment Management, Misland Capital, Northwestern Mutual Capital, and Thrivent Financial. Terms were not disclosed; Lignetics operates 22 plant locations (U.S. and Canada) with ~1.4M tons annual production capacity and brands across residential heating, BBQ pellets and pet litter.
- Buyers
- EagleTree Capital, Alpha Associates, Bullingham Capital, Farol Asset Management, Manulife Investment Management, Misland Capital, Northwestern Mutual Capital, Thrivent Financial
- Targets
- Lignetics Inc.
- Sellers
- Taglich Private Equity, Mill Road Capital
- Industry
- Consumer Products
- Location
- Colorado, United States
- Transaction Type
- Buyout
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