BB&T Capital Markets Serves as Exclusive Financial Advisor to Jacent Strategic Merchandising in its Sale to Gridiron Capital
On April 23, 2019, Jacent Strategic Merchandising, LLC (“Jacent”), a portfolio company of Lariat Partners, was acquired by Gridiron Capital.
BB&T Capital Markets served as the exclusive financial advisor to Jacent.
About the Companies
Jacent Strategic Merchandising, LLC, headquartered in Huntingdon Valley, Pennsylvania, is a leading provider of customized, turn-key impulse merchandising solutions that uniquely drive incremental revenue for blue-chip retailers. Jacent sources, warehouses, and stocks an unmatched product assortment of over 3,500 impulse items to a growing base of more than 15,000 grocery, mass, drug, and other retail stores. Jacent creates customized store maps (“planograms”) for every store it services, and relieves the merchandising burden from retailers by regularly stocking over 500 positions per store.
Gridiron Capital, based in New Canaan, Connecticut, is an investment firm focused on partnering with founders, entrepreneurs, and management teams, and creating value by building middle-market companies into industry-leaders in branded consumer, B2B and B2C services, and niche industrial segments in the United States and Canada. Gridiron helps transform growing companies by winning together through hard work, partnerships grounded in shared values and a unique culture that comes from hands-on experience building and running businesses.
Lariat Partners, based in Denver, Colorado, is a leading middle-market private equity investment firm. Lariat focuses primarily on entrepreneur-managed companies that demonstrate outlier capabilities relative to their industry peers. Lariat operates with deep knowledge about a select few industry niches and aims to enhance its competitive positioning within those niches. Lariat targets buy-and-build consolidation opportunities in fragmented industries as well as growth capital investments to execute an expansion strategy.
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.