Borgman Capital and Tecum Capital Recapitalize Gilman Cheese Corporation
March 8, 2019
Borgman Capital completed a majority recapitalization of Gilman Cheese Corporation with subordinated debt and equity provided by Tecum Capital Partners; Johnson Bank provided senior debt and Midwest Growth Partners provided equity. Terms were not disclosed; Tom and Char Hand reinvested a significant amount of equity and Tom Hand remains CEO as the new investor group executes a collective growth strategy for the Gilman, Wisconsin–based processed cheese manufacturer.
- Buyers
- Borgman Capital, Tecum Capital Partners, Johnson Bank, Midwest Growth Partners
- Targets
- Gilman Cheese Corporation
- Sellers
- Tom Hand, Char Hand
- Industry
- Food & Beverage
- Location
- Wisconsin, United States
- Transaction Type
- Recapitalization
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