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New Deal


Announced

Elevate Capital-backed Garden Bar acquired Evergreens.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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healthy food

United States

Acquisition

Merger

Friendly

Food Products

Private

Venture Capital

Private Equity

Pending

Single Bidder

Synopsis

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Elevate Capital-backed Garden Bar acquired Evergreens, a health food company. This new partnership will combine Garden Bar and Evergreens resources to support 350 employees in Oregon and Washington at 26 locations, with three more forthcoming. Financial terms were not disclosed. "This is not your typical company exit," says Ana Chaud, Founder and CEO of Garden Bar since 2014. "I still have a lot to contribute to our partnership with Evergreens and I will stay on as the Vice President of Brand Development for Evergreens."

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