Stout announced today that its client, Lloyd Industries, LLC (d/b/a LloydPans®), a portfolio company of Centre Lane Partners, LLC (Centre Lane Partners), has been sold to Cornerstone Foodservice Group, Inc., a portfolio company of ShoreView Industries. Stout served as exclusive financial advisor to LloydPans® and Centre Lane Partners in connection with this transaction.
Based in Spokane, WA, LloydPans® manufactures branded, off-the-shelf and custom-built commercial-grade cooking, baking, and other products used in consumer and commercial kitchens and restaurants. Customers and end-users include leading restaurants, foodservice equipment manufacturers, and retailers. The company also offers custom metal fabrication and anodizing services to a variety of end markets.
Chris Merley, Director and head of Stout’s metals industry practice, said, “Traci Rennaker, LloydPans® President & CEO, and her team have built a phenomenal business around high-quality products and unparalleled customer service.” He added, “This transaction was a perfect fit for Stout’s metals and food and beverage industry expertise. It was a pleasure working with both LloydPans® and Centre Lane Partners to achieve a successful outcome.” Nick Jachim and Drew Szilagyi joined Mr. Merley in executing the transaction.
Stout’s Investment Banking group provides mergers and acquisitions (M&A) advisory, private capital raising services, and other financial advisory services to portfolio companies of private equity firms, closely held or family-owned businesses, and divisions of large corporate parents. Our experience advising metals and mining companies ranges from publicly traded mills and service centers to closely held scrap processors and fabricators. Stout’s professionals provide unique perspectives across all segments of the metals supply chain and throughout all phases of the business cycle. For more information, visit stoutadvisory.com/industries/metals-mining.
Stout is a leading independent advisory firm specializing in Investment Banking, Valuation Advisory, Dispute Consulting, and Management Consulting. We serve a range of clients from Fortune 100 corporations to privately held companies in numerous industries around the world. Our clients and their advisors rely on our premier expertise, deep industry knowledge, and unparalleled responsiveness on complex financial matters.
Stout is a trade name for Stout Risius Ross, LLC and Stout Risius Ross Advisors, LLC, a FINRA-registered broker-dealer and SIPC member firm.
About Centre Lane Partners
Centre Lane Partners is a private investment firm focused on making equity and debt, control and non-control, investments in North American middle market companies. Centre Lane Partners targets companies with revenues between $20 million and $500 million that have leading market positions and sustainable competitive advantages in their respective niches. Industries targeted for investment are broad and diverse. For more information, please visit www.centrelanepartners.com.
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