Lignetics Management Buyout ~ February, 2014
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 and barbeque wood pellets. Founded in 1983 and headquartered in Sandpoint, ID, Lignetics manufactures and distributes branded wood pellets from its three U.S. production facilities.
Taglich Brothers provided the majority of the required $7.9 million of equity capital. The transaction’s sponsor, Taglich Private Equity, arranged for sub-debt financing from Gladstone Capital, who was a co-investor in the company. Senior credit facilities were provided by Texas Capital Bank.
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