1stWest M&A has Successfully Advised Sellers and Buyers of Companies in Three Sectors: Cannabis/Hemp Testing Laboratories, Lumber and Building Materials, and Craft Beer & Spirits
Evergreen, CO – July 6, 2022 – 1stWest Mergers and Acquisitions, a leading investment banking and M&A advisory, today announced it has completed nine deals in the last 15 months. Fueling optimism for 2022, 1 st West M&A already has multiple deals with pending letters of intent, and it expects 2022 to be a record year.
1stWest M&A typically works for sellers, and it has developed a thriving practice in three sectors: cannabis and hemp testing laboratories, lumber and building material (“LBM”), and craft beer & spirits.
In the cannabis and hemp sector, 1st West M&A represented the sellers of Agricor and Botanacor in their sale to a global private equity firm. Agricor and Botanacor are leaders in the cannabis and hemp testing space which shared the same owners.
The LBM deals recently completed, working as a “sell-side” advisor, are the sale of Washington Supply (to TSG), the sale of Ron’s Lumber (to Nation’s Best), the sale of Wallace Building Supply (to Building Industry Partner’s
subsidiary SBSI), the sale of Miller Lumber (to Kodiak BP), the sale of a California LBM dealer, announcement pending (to Building Industry
Partners), and – working as the buyer’s advisor – the acquisition of Increte (by New South Construction Supply).
In craft beer & spirits, 1st West M&A served as an advisor and finder to SweetWater Brewing Company in its acquisition of Red Truck Brewing Company, in Fort Collins, Colorado.
“Our practice in multiple sectors has never been busier, and we field active inquiries for our advisory services, largely from sellers who seek to be acquired,” said Ted Rieple, Managing Partner of 1 st West M&A. “We continue to see strong liquidity in the market, even with the inflationary pressure on lending costs. All in all, it continues to be a great market to sell into across multiple sectors.”
About 1stWEST M&A
1stWEST Mergers & Acquisitions is a full service, international investment banking and advisory firm that is focused on the lower middle-market of companies. The firm has built a unique business solutions platform of assisting owners and shareholders in selling their companies, acquiring other businesses, and raising growth capital. With Managing Directors in the US, Mexico, Panama, Peru, Brazil, Argentina and Chile, 1stWEST M&A is uniquely positioned to serve its clients around the globe.
# # #
John D. Wagner