Business
Peapack Private Investment Banking Advises on Sale of D'Artagnan
Bedminster, NJ, April 12, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) announces
About this update from Peapack-gladstone Financial Corporation
[{"type":"text","content":"Bedminster, NJ, April 12, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire -- Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) announces that its investment banking division, Peapack Private Investment Banking, recently served as the exclusive financial advisor to D’Artagnan, Inc. on its sale to Fortune International, Inc., an Investcorp portfolio company. Founded in 1985 and headquartered in Union, NJ, D’Artagnan has popularized the sustainable “farm to table” movement over the last 35 years as a purveyor of free-range meat and all-natural organic poultry, game, foie gras, mushrooms and truffles to renowned restaurants and retailers throughout the United States. The financial terms of the transaction were not disclosed. D’Artagnan founder and owner Ariane Daguin stated, “The team at Peapack Private provided exceptional and thoughtful guidance and support. They recognized the unique value of our business and effectively communicated that. Fortune realized what we created and is excited for what we can become together. Peapack Private’s knowledge of the food industry and sensitivity to our goals and objectives, as well as those of our employees, resonated with us.” Eric Waser, Executive Vice President and Head of Peapack Private Investment Banking said, “Our experience assisting founder and family-owned, privately held businesses, coupled with our deep relationships and knowledge of the food and beverage industry, was a perfect formula to assist D’Artagnan.” Peapack Private Investment Banking specializes in providing stakeholders of middle market companies with strategic alternatives for growth, expansion, and transition, as well as exit strategies. The team takes a relationship first approach to understand the stakeholders’ goals and objectives and invests the time to find what makes the business truly unique and highly valuable. This acquisition transaction is the culmination of a three year-long partnership between the bank’s investment banking division and D’Artagnan. “We concentrate on supporting our clients with the advice and guidance that will lead to the best outcome for everyone involved—no matter how long that takes,” said Waser. “That’s how you build trust and relationships. We are proud to be a part of the D’Artagnan and Fortune International success story.” Established in 2019, Peapack Private Inv...