Hockenberg Newburgh
Hockenberg Newburgh has been acquired by Cruise Marketing
Hockenberg Newburgh is a food brokerage company headquartered in Urbandale, IA. With primary markets in Iowa and Minnesota it serves a fourteen-state region in the West and Midwest, offering bakery, deli, grocery, and other retail brokerage departments. Hockenberg maintains strong, longstanding client relationships developed over its more than 90 years of operation. The company was acquired by Cruise Marketing, a food brokerage company operating in the same and adjacent markets. The combination expands the reach of Cruise across its key markets.
Cruise Marketing
BCC Advisers
BCC Advisers specializes in merger & acquisition consulting, providing personalized, creative solutions to closely-held business owners. For over three decades we have provided consultation to clients in a broad range of industries. We listen to our clients, learn to truly understand their business and utilize a range of M&A processes tailored to the objective of each transaction. We are experienced in representing sellers, managing successful confidential auction processes from start to finish. Services include valuation analysis of the business, development of the confidential information memorandum (CIM), identification of buyer prospects, assistance in structuring the transaction, and negotiation of both the initial letter of intent and the final purchase agreement. While BCC manages the process and prepares the information memorandum, the client approves everything in advance of being shared with prospective buyers. We also provide both one-off and retained buy-side advisory services to businesses seeking to grow through strategic acquisitions. Services include research and identification of acquisition targets, assistance in valuing acquisition candidates, assistance on structuring the transaction, negotiation of the initial offer and final purchase agreement, and advice on issues throughout the transaction closing. For those business owners who are looking to retain equity and bring in a financial partner, BCC is experienced in advising companies seeking majority or minority recapitalization. As with sell-side advisory services, recapitalization advisory services include valuation analysis of the business, development of the confidential information memorandum (CIM), identification of buyer prospects, assistance in structuring the transaction, and negotiation of both the initial letter of intent and the final purchase agreement. In addition to M&A services, BCC Advisers has a team of accredited and experienced professionals that provide business valuation and litigation support services, as well as commercial and agricultural real estate appraisals.
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kyle@bccadvisers.com
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