Promus Equity Partners Announces the Sale of Ellison Bakery

FOR IMMEDIATE RELEASE

 Promus Equity Partners Announces the Sale of Ellison Bakery

 Chicago, August 19, 2020 – Promus Equity Partners LLC, in partnership with Grand Rapids-based private equity firm Blackford Capital, today announced it has successfully closed on the sale of Fort Wayne, Indiana-based portfolio company Ellison Bakery to Tilia Holdings, a Chicago-based private investment firm focused on the food supply chain. Ellison Bakery is a leading manufacturer of cookie, snack bar, crunch and inclusion products for the industrial market, food service industry, and retail and private label space. The Ellis family, Blackford Capital, Concentric Equity Partners, and Baird Principal Group partnered in the deal, with senior debt funding provided by Comerica.

“It was a pleasure to support Ellison’s management team on its growth initiatives over the past few years of transition from sole family ownership to one with institutional backing,” said Andy Code, managing director of  Promus Equity Partners. “We wish the entire Ellison team all the best as they continue forward.”

For more information on this acquisition, please contact David Code.

Visit the following websites to learn more.