ACT Capital Advisors, LLC, a mid-market Mergers and Acquisitions Advisory firm headquartered in the Pacific Northwest as Generational Equity affiliated partner, assisted in the representation of Coffee Kinetics dba Sonofresco, a producer of unique tabletop coffee bean roasters located in Burlington, WA. ACT Capital together with Generational Equity facilitated the company’s sale to Coffee Holding Company, of Staten Island, NY, a provider of green coffee beans, effective closing date of June 30th, 2016.
Sonofresco, founded in 1999, is a manufacturer of commercial tabletop coffee roasters and a wholesale supplier of green coffee beans. Sonofresco’s customers include retail coffee and home roasting businesses and Sonofresco oversees importers in Asia, Australia, China and New Zealand markets. Revenues generated by Sonofresco are split almost equally between sales of roasting machines and sales of unroasted green coffee beans. Jerry Whitfield, the head of Sonofresco, will continue to serve as an advisor to Sonofresco business.
Coffee Holding Co., Inc., a publicly held company founded in 1972, is a leading integrated wholesale coffee roaster and dealer in the United States and one of the few coffee companies that offers a broad array of coffee products across the entire spectrum of consumer tastes, preferences and price points. Coffee Holding has been a family-operated business for three generations and has remained profitable through varying cycles in the coffee industry and the economy. The Company’s private label and branded coffee products are sold throughout the United States, Canada and abroad to supermarkets, wholesalers, and individually owned and multi-unit retail customers.
ACT’s team was led by Dennis Martin, Managing Director and Mike Meredith, Vice President of Generational Equity. Both teams were responsible for facilitating the transaction. Due to a highly proactive M&A strategy, including personal contact of niche leaders, ACT and GE were able to find the best financial and strategic buyer for the company. While many M&A transactions can take 18 to 24 months to complete, ACT was able to successfully complete the process from beginning to end in approximately six months and achieve a multiple of 10X. According to Mr. Martin, “The short M&A time frame is a result of an aggressive search process and high focus on the bidding process which yield the 10X multiple. The sequence of events, process and results are what ACT takes great pride in facilitating and perhaps typifies all of our representations. With our deep experience and pro-client attitude, a six month closing is possible.”
ACT and Generational Equity both express appreciation for Sonofresco and Coffee Holding Company. Their professionalism and capabilities make them extremely pleasant to work with throughout the process. ACT wishes Sonofresco and Coffee Holding Company success as they move forward with integration of the acquisition.
About ACT Capital Advisors
ACT Capital Advisors has a strong presence in the Mergers and Acquisitions industry. The company has over 20 years of experience and has represented over $1.2 billion in M&A value. It represents businesses across a variety of industries including manufacturing, petroleum, transportation, distribution, logistics, technology, healthcare, aerospace and outsourced services. Headquartered in Mercer Island, WA, ACT also has offices in Portland, Phoenix and New York. It practices a unique process that creates significant value for business owners as they go through the emotional and extremely challenging task of selling a company.