The firm’s Corporate & Finance and Real Estate Law practice groups recently represented New Water Capital Partners, L.P. in connection with its acquisition of Custom Made Meals LLC (CMM) and Custom Corned Beef, Inc. (CCB). Denver-based CMM is a leading manufacturer of fresh, oven-ready, value-added entrees and appetizers, which are sold nationwide through 6,000 locations. Denver-based CCB manufactures raw and cooked corned beef, roasts and deli meats.
This transaction included the purchase of all of the equity of CMM and CCB, the acquisition of two parcels of real estate where CMM and CCB currently operate, and the negotiation of senior debt financing from The PrivateBank and Trust Company.
The Much Shelist transaction team included Mitchell Roth, Glenn Taxman, Michael Shaw, Katherine Lewis, Eric Guth, Julia Turk, Sheryl Halpern, Michael Burstein, Diane Rosemeyer and Peter Shepard. The deal, which closed on March 31, 2017, marks the first time the firm has represented New Water in an M&A transaction.
New Water is a private equity firm focused on lower-middle-market companies in transition, in the consumer, retail and industrial manufacturing and services sectors, with revenues of $30 million to $300 million.