$120 million sale earns recognition in three award categories.
IBG Business, one of America’s leading merger and acquisition firms in the sale of mid-market companies, is a finalist in three categories for the 15th annual M&A Advisor Awards, which recognizes the M&A industry’s top transactions, investment bankers, and advisory firms.
The winners will be announced on November 9 at the New York Athletic Club.
The $120 million sale of Alpine Valley Bread Co. by IBG’s Arizona office earned finalist status for:
- Consumer Staples Deal of the Year (under $500 million)
- Corporate and Strategic Acquisition Deal of the Year ($100 million to $250 million)
- M&A Deal of the Year ($100 million to $200 million).
“Since the inception of the M&A Advisor Awards in 2002, we have been recognizing the leading dealmakers, firms and transactions,” said M&A Advisor president and CEO David Fergusson in announcing the finalists, “and each year we celebrate the creativity, perseverance and ingenuity of our industry’s professionals.”
The sale of Alpine Valley Bread to Flowers Foods was facilitated by M&A broker and advisors Jim Afinowich and Bruce Black of IBG’s Arizona office.
“The Alpine sale was gratifying not just because of the size of the deal,” said Afinowich, “but because the ultimate selling price far exceeded our client’s initial expectations. This deal was a textbook example of how, with effective planning, preparation and assistance, a business owner can put in place the factors that maximize business valuation and help a company bring top dollar.”
Contention for M&A Advisor Awards is the second recognition that IBG has earned for its Alpine Valley Bread sale. In May 2016, the transaction also earned recognition as “Deal of the Year” by the Arizona Chapter of the Association for Corporate Growth.
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The Sale of Alpine Valley Bread Company to Flowers Foods
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