Ellison Bakery receives investment from Blackford Capital

Private equity company Blackford Capital has invested in US-based Ellison Bakery, which manufactures cookies and snack bars.

Ellison Bakery produces goods for restaurants and grocery stores in the Fort Wayne, Indiana.

Ellison Bakery president Todd Wallin said: "We've experienced steady growth the last several years under the ownership of the Ellis Family.

"The Ellis family selected Blackford Capital as a partner because of its shared values, aggressive growth strategy, and commitment to developing the existing team at Ellison.

“Together with Blackford, Ellison has strategically positioned itself for continued growth by preparing to invest in new production and packaging capabilities, as well as additional R&D resources.” 

Generational Capital Markets served as the exclusive financial adviser to the food company with regard to the transaction, while Comerica Bank provided debt financing.

The transaction is the ninth by Blackford's Michigan Prosperity Fund, which was created in 2012 in order to invest in regional companies.

Ellison operates out of a 115,000ft² facility and is an exclusive manufacturer for Archway Cookies in Indiana, Kentucky and Wisconsin.