Focus Strategies Secures Buyer for Prop & Peller
has been acquired by
January 22, 2020 (Austin, TX) – BC International Trading & Business Support Inc. dba Prop & Peller (“P&P” or the “Company”), the premium category leader in authentic Bavarian soft pretzels and related bakery items, has been acquired by Swander Pace Capital. Focus Strategies Merchant Banking, LLC (“Focus Strategies”) served as the exclusive financial advisor to Prop & Peller throughout the transaction.
Prop & Peller was founded in 2004 by Claudia Hillmeier and headquartered in Boca Raton, Florida. P&P has become a market leader in its industry segment and boasts an extensive product lineup of baked products while still focusing on its core item, the Giant Bavarian soft pretzel, where the Company is established as the category leader. In addition to being available at Whole Foods, P&P pretzels are a staple menu item for Walt Disney World, TopGolf, Hofbräuhaus America, Main Event and World of Beer, among other well-known dining and entertainment destinations.
“I was referred to Focus Strategies by a business colleague and I am very grateful for the introduction. Navigating a transaction while running a business is a significant undertaking and I was thrilled to have them by my side. The Focus Strategies team worked tirelessly to find the right buyer that met our objectives and we could not be more pleased with the outcome,” said Claudia.
“It was a true pleasure working with Claudia on this transaction. Her generosity, contagious passion and drive for success is the reason why Prop & Peller is a respected market leader. We are excited for her and this new chapter for Prop & Peller,” said Britt Kauffman, Managing Director at Focus Strategies.
Tags: Company Sale