Tully & Holland Advises Leading Garden Products Company
WELLESLEY, Mass., July 14, 2016 - Tully & Holland, Inc. is pleased to announce its role as financial advisor to Coast of Maine Organic Products ("Coast of Maine" or "the Company"), a leading organic garden products company, in its sale to COM Holdings LLC, a newly formed company owned by Gemini Investors and the founders of Coast of Maine.
Coast of Maine produces and markets branded and private label compost-based organic growing soils and soil amendments, sold primarily through the independent garden center and hardware channels. The Company's products are differentiated through their unique naturally organic recipes, which utilize local wastes from aquaculture, forestry, and agriculture such as lobster shells, wild blueberry waste, mussel shells, kelp and old barks. Coast of Maine is based in Portland, Maine and operates a production facility in Marion Township, Maine. Further information about the Company can be found at www.coastofmaine.com
Coast of Maine will continue to be led by its existing management team, including Carlos Quijano, President and Founder, and Sid Malone, Senior Vice President. "As we embark on our next stage of growth, Coast of Maine is delighted to partner with Gemini Investors, who has deep experience in developing entrepreneurial businesses," commented Quijano. "Gemini is excited to make its investment in Coast of Maine" said Jimmy Rich, Managing Director of Gemini Investors. "Coast of Maine is a well-recognized brand beloved by organic gardeners and independent garden centers alike, participates in the high growth, on-trend organic gardening category, and is poised to continue its strong growth in the years ahead." "The Coast of Maine transaction facilitated the exit of Coastal Ventures and the Maine Venture Fund, who had played a role in the early stage funding of the Company," reported Christopher Kampe, Managing Director of Tully & Holland, who advised the Company on the deal. The terms of the transaction were not announced.
About Gemini Investors
Founded in 1993, Gemini is a Massachusetts-based investor in middle market private companies. Since its inception, Gemini has invested over $550 million in more than 125 companies throughout the U.S. Gemini focuses on investing in companies in the smaller end of the middle market with experienced management teams and strong growth prospects. Further information about Gemini Investors can be found at www.gemini-investors.com
About Tully & Holland
Tully & Holland, Inc. is a leading Boston, MA-based investment bank established in 1992. The firm provides corporate finance and merger & acquisition advisory services to middle market consumer product companies. Tully & Holland has particular expertise representing food & beverage companies, multi-channel marketers, retailers, and consumer product manufacturers and distributors.