Acquisitions in Oregon in 2017

MSI Capital Partners partnered with Aavin Equity Partners and Green Diamond management to recapitalize Green Diamond Sand Products and form Green Diamond Performance Materials Inc. as a platform to fund continued growth and potential add-on investments in the industrial minerals sector. The transaction closed on September 8, 2017, with Orca Capital Securities advising the company.

Farmer Brothers Co. has entered into an agreement to acquire substantially all the assets of Boyd Coffee Company in a transaction valued at an estimated $58.6 million (cash and preferred stock). The acquisition expands Farmer Brothers' distribution footprint across multiple customer channels and geographies, is expected to be accretive to earnings after integration, and should deliver $13–$16 million in annual incremental adjusted EBITDA once fully integrated.

Insignia Capital Group, a San Francisco Bay Area private equity firm, has acquired Tillamook Country Smoker, a third-generation, family-owned maker of hardwood-smoked jerky and meat snacks based in Bay City, Oregon. Several family shareholders participated in the transaction; Insignia said the acquisition expands its food portfolio and will leverage synergies with its other salty snack investments to accelerate growth and invest in operations.

Hub International Limited acquired the assets of Portland-based BCI Group, Inc. and its subsidiary Plus Point Services, Inc. Terms were not disclosed. The acquisition expands Hub’s employee benefits, retirement and life insurance capabilities and strengthens its presence in Oregon and southwestern Washington.