BB&T Capital Markets Serves As Exclusive Financial Advisor to U.S. Tobacco Cooperative in Its Acquisition of King Maker Marketing
On November 15, 2016, U.S. Tobacco Cooperative Inc. (“USTC” or the “Cooperative”), a grower-owned tobacco marketing cooperative, completed its acquisition of King Maker Marketing, Inc. (“KMM”), an importer and distributor of branded tobacco products. BB&T Capital Markets served as exclusive financial advisor to USTC.
About the Companies
Headquartered in Raleigh, North Carolina, USTC is a grower-owned tobacco marketing cooperative. The Cooperative produces flue-cured tobacco from 850 member growers in Florida, Georgia, South Carolina, North Carolina, and Virginia. In addition to processing and selling raw materials to cigarette manufacturers across the globe, USTC produces consumer products for sale in the United States.
King Maker Marketing, Inc. imports and distributes tobacco products to licensed wholesalers and retailers throughout the United States. The company sells its products under the Checkers, Hi-Val, Gold Crest, and Ace brands. Founded in 1994, KMM is headquartered in Paramus, New Jersey and, prior to its acquisition, was a wholly-owned subsidiary of Kolkata, India-based diversified conglomerate ITC Limited.
Food & Agribusiness
BB&T Capital Markets assists middle market clients across all sectors of the Food & Agribusiness industry. We have established relationships with a wide range of public and private food companies, private equity investors, and other industry participants. As full-service platform, we provide M&A advisory, equity underwriting, debt capital markets, corporate banking, sales and trading, and private capital raising services. Our nationally recognized industry expertise, combined with our best-in-class transaction execution, enables us to maximize outcomes for our corporate and private equity clients.
About BB&T Capital Markets
BB&T Capital Markets offers an integrated platform of equity and debt underwriting, M&A advisory, corporate banking, and sales and trading. Headquartered in Richmond, VA, with offices throughout the US, we have specific expertise within 10 distinct industry verticals including Automotive Aftermarket; Commercial & Industrial; Education; Energy; Financial Services; Food & Agribusiness; Healthcare; Logistics & Transportation Services; Real Estate; and Retail & Consumer. Our commitment to industry expertise, combined with our resources as one of the nation's strongest financial institutions, strategically positions BB&T Capital Markets to build lasting relationships and contribute measurably to the long-term success of our clients.