Private Placements, Capital Formation,
Restructuring & Recapitalizations



Marth Companies LLC Acquired by Lignetics ~ May 2017

Geneva Wood Fuels Acquired by Lignetics

Lignetics is the leading manufacturer of premium wood pellets and Pres-to-Logs® fire logs used as a renewable fuel for home heating in the United States, in addition to manufacturing animal bedding, absorption products, wood flour and barbeque wood pellets. Founded in 1983 and headquartered in Sandpoint, ID, Lignetics manufactures and distributes branded wood pellets.

Lignetics announced the acquisition of the Marth Companies LLC, expanding its footprint into Wisconsin and the upper Mid-West. Lignetics is the largest residential wood pellet manufacturing company in the U.S. which has a production capacity of approximately 650,000 tons of wood pellets per year. The company is now the only pellet manufacturing company that has wood pellet manufacturing plants on both the East, Central and West Coast consisting of nine plant locations in the states of Maine, Oregon, Idaho, West Virginia, Virginia and Wisconsin.

The majority of equity financing for the transaction was provided by Taglich Brothers. Additional financing for the transaction was arranged by Taglich Private Equity LLC, management and Gladstone Capital Corp., who provided subordinated debt and equity, along with Texas Capital Bank, who provided syndicated senior debt, which included Sterling National Bank and River Valley Bank in support of the transaction.

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