Brazos’ Appetizers And Sells Assets to Progressive Gourmet

Appetizers And, a portfolio company of Brazos Private Equity Partners, has sold select assets to Progressive Gourmet. Appetizers And offers an extensive selection of hors d’oeuvres to the catering industry. MHT acted as the exclusive financial advisor to Appetizers And.

PRESS RELEASE

MHT Partners, LP (“MHT”) proudly announces that Appetizers And, Inc. (“AAI”), a portfolio company of Brazos Private Equity Partners (“Brazos”), has sold select assets to Progressive Gourmet, Inc. (“Progressive Gourmet”). MHT served as the exclusive financial advisor to AAI.
“MHT’s commitment to our process and end goal is exemplary. The team’s creativity in facilitating and efficiently executing this process certainly got us to the finish line, and we couldn’t be happier,” states Lucas Cutler, Managing Director at Brazos. “AAI is an excellent fit for Progressive Gourmet, and we are confident they will be an outstanding steward of the brand,” added Cutler.

Mark Young, Managing Director and Head of MHT’s Boston Office adds, “We are proud to have been part of this transaction and feel this was a great outcome for all parties. Our team enjoyed navigating through the challenges that arose during the process, and we are very pleased with the end result. We look forward to watching the continued success of AAI as a part of the Progressive Gourmet platform.”
About MHT Partners
MHT Partners is a leading middle market investment bank with offices in Dallas, TX, and Boston, MA. Since its founding in 2001, the team at MHT Partners has assisted clients (middle-market companies, private equity fund managers and private equity limited partners) with seller advisory, acquisition advisory, corporate finance and strategic advisory assignments. Our focus is clear: serve clients by realizing and prioritizing their best interests and by executing against those priorities with sophisticated senior-level attention at every stage. Our goal is to develop long-term relationships, creating maximum value for every client through thoughtful positioning and creative deal structuring. This customized approach ensures the best course of action and outcome for each client. We offer services through two business lines: MHT Partners offers M&A advisory, capital raising and strategic advisory services to high-growth middle market companies; and MHT Secondary Advisors provides private equity limited partners with buy-side and sell-side advisory services for secondary fund interests and fund valuation services. MHT conducts its investment banking activity through MHT Securities, L.P., a member of FINRA/SIPC.

About Appetizers And, Inc.
Founded in 1967, Appetizers And, Inc. is a national leader in today’s hors d’oeuvres and small portions industry. The company offers an extensive selection of remarkable products to create unique presentations and menuable concepts. Hand-crafted hors d’oeuvres are created from original recipes based on extensive research of the latest market trends. Every product is prepared by culinary professionals using the finest ingredients available — hand-selected meats and seafood, real dairy cheeses, whole milk and eggs, and fresh garden vegetables, resulting in an extraordinary line of innovative small portion products that provide maximum convenience and labor savings while delivering made-on-premise taste and satisfaction.