Lillies Q Unites with OWS Foods in Strategic Acquisition
Deal News | Dec 02, 2024 | Brown Gibbons Lang and Company (BGL)
Brown Gibbons Lang & Company (BGL) has announced the successful sale of Lillies Q Sauces & Rubs, LLC to OWS Foods, a renowned maker of Championship BBQ sauces and rubs. Founded by Chef Charlie McKenna, a two-time World Barbecue Champion, Lillies Q is celebrated for its authentic Southern flavors and quality barbecue products. The company's partnership with BGL served to identify an ideal buyer, allowing for accelerated growth and expansion. OWS Foods, established in 1988, brings robust research and production capabilities to the table, promising to expand Lillies Q's national presence and explore new product categories. This acquisition marks BGL's continued involvement in the specialty foods sector, signifying their expertise and successful transactions in the gourmet condiments category. The transaction also highlights the ongoing trends and opportunities in the food and beverage industry's mergers and acquisitions landscape.
Sectors
- Food and Beverage
- Specialty Foods
Geography
- United States – The involved entities, Lillies Q and OWS Foods, are both based and operate within the United States, indicating the geographical focus of this business transaction.
Industry
- Food and Beverage – This sector is relevant as the core of the article pertains to the acquisition of Lillies Q, a company producing gourmet BBQ sauces, by OWS Foods, a player in the food industry.
- Specialty Foods – The transaction is situated within the specialty foods sector, emphasizing the gourmet and niche market of sauces and rubs, signaling consumer demand for high-quality and artisanal products.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Lillies Q Sauces & Rubs, LLC | Target Company | Company | A premium BBQ brand founded by Chef Charlie McKenna, known for its authentic Southern flavors. |
| OWS Foods | Buyer | Company | A company known for Championship BBQ sauces and rubs, acquiring Lillies Q to expand its product offerings. |
| Brown Gibbons Lang & Company (BGL) | Financial Advisor | Company | An investment banking firm that advised Lillies Q on the sale to OWS Foods. |
| Charlie McKenna | Founder of Lillies Q | Person | A two-time World Barbecue Champion and the creator of Lillies Q. |
| Brian Golinvaux | Co-Founder and President of Lillies Q | Person | Co-founded Lillies Q and played a key role in the company's commercialization. |