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
Location
Colorado, United States
Transaction Type
Buyout

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