EagleTree Capital to acquire Lignetics from Taglich Private Equity and Mill Road Capital.

EagleTree Capital, a private equity fund, agreed to acquire Lignetics, the largest consumer-focused wood pellet manufacturer in the US, from Taglich Private Equity and Mill Road Capital, two investment firms. Financial terms were not disclosed. "We are delighted to add Lignetics to EagleTree’s portfolio and to partner with Brett Jordan and the outstanding management team at Lignetics. Lignetics has built a market leading position in the consumer wood pellet industry, upcycling over 2m tons of wood waste per year into sustainable, all-natural products. We are confident the company is well positioned to capitalize on attractive tailwinds in the residential pellet heating, pellet grilling and wood-based pet litter markets. We believe the next phase of Lignetics’ growth will deliver substantial value to its customers, partners and employees, and we look forward to supporting their tremendous momentum," George L. Majoros, EagleTree Managing Partner.