Keystone Capital has acquired Philadelphia-based food manufacturer Nature Soy. No financial terms were disclosed. Baker Tilly Capital LLC advised Nature Soy on the transaction.
PHILADELPHIA (June 30, 2016) – Baker Tilly Capital, LLC, an advisory firm specializing in investment banking services to middle market businesses, is pleased to announce that its client, Nature Soy, Inc. (Nature Soy) was acquired by Keystone Capital (Keystone), a Chicago-based private equity firm.
Baker Tilly Capital, LLC served as the exclusive advisor to Nature Soy in connection with this transaction, developing and implementing the transaction process, culminating in the successful partnership with Keystone. The outcome of the transaction matched industry and financial buyers to the seller with a shared vision of continuing to accomplish the growth goals of the company.
“We were pleased to offer our services to Nature Soy as their financial advisor during this transaction,” Steve Economou, managing director with Baker Tilly Capital, said. “Our team truly enjoyed working with Nature Soy as they transitioned their business into new ownership that meets their goals and objectives while also maintaining a role for the previous owners.”
“We are excited to partner with Keystone Capital going forward,” SunFei Ye, co-owner of Nature Soy, said. “With their support, we will continue to build a national brand and promote a healthy lifestyle to consumers.”
Nature Soy is a leading food manufacturer located in Philadelphia. Founded in 1990, the company is a major supplier of healthy soy and vegetarian products to ethnic markets throughout the East Coast and as far west as Chicago. Their primary products include specialty tofu, soy milk, rice noodles and soy puffs. With distribution networks in many large metropolitan areas, Nature Soy products have an established brand in the soy specialty food market.
As an integral part of the transaction, the co-owners of Nature Soy will continue in important roles in the day-to-day operations and management of the business.
About Baker Tilly Capital, LLC
Baker Tilly Capital is a boutique investment bank specializing in merger and acquisition (M&A), capital sourcing, project finance, and corporate finance advisory services. Backed by Baker Tilly Virchow Krause, LLP, a national accounting and advisory firm with significant industry expertise, Baker Tilly Capital offers value added insights before during, and after the transaction.
About Baker Tilly Virchow Krause, LLP
Baker Tilly Virchow Krause, LLP (Baker Tilly) is a nationally recognized, full-service accounting and advisory firm whose specialized professionals connect with clients and their businesses through refreshing candor and clear industry insight. With approximately 2,700 employees across the United States, Baker Tilly is ranked as one of the 15 largest accounting and advisory firms in the country. Headquartered in Chicago, Baker Tilly is an independent member of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 141 countries, with 28,000 professionals. The combined worldwide revenue of independent member firms is $3.8 billion.