Baker Tilly Capital advises J.R. Short Milling Company on recent sale to Lake Pacific Partners, LLC

CHICAGO (Sept. 24, 2019) – Baker Tilly Capital, LLC (Baker Tilly Capital), a boutique investment banking practice and wholly-owned subsidiary of Baker Tilly Virchow Krause, LLP (Baker Tilly) is pleased to announce the sale of its client, J.R. Short Milling Company (J.R. Short), to Lake Pacific Partners, LLC (Lake Pacific), a middle-market private equity firm based in Chicago.

Family-owned for more than 100 years, J.R. Short, is one of the largest domestic and leading global suppliers of extruded intermediates, or “snack pellets,” in the snack food industry. The company works closely with its customers to develop unique, customized snack products.

Baker Tilly Capital served as the exclusive advisor to J.R. Short in connection with this transaction, developing a robust sale process and positioning strategy to market the company to a targeted group of financial and strategic buyers. Ultimately, Lake Pacific emerged as a buyer with extensive experience investing in the food industry, including experience in extrusion.

“We were looking for a partner that could help take J.R. Short through its next phase of growth,” said Tom Harris, a former owner of J.R. Short. “Lake Pacific will help provide value-added strategic direction, accelerate organic growth and increase capacity to serve customers.”

“It was a privilege to assist J.R. Short during the sale process,” Mike Milani, Baker Tilly Capital executive managing director, said.  “Lake Pacific is dedicated to the food and consumer products industry and will help extend J.R. Short’s leadership position in the snack food industry.”

To learn more about Baker Tilly Capital’s investment banking services, visit bakertillycapital.com.

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About Baker Tilly Capital, LLC

Baker Tilly Capital, LLC is a boutique investment bank specializing in merger and acquisition (M&A), capital sourcing, project finance and corporate finance advisory services. The Baker Tilly Capital team is led by investment bankers and corporate finance specialists that have meaningful experience advising clients in evaluating strategic and financial alternatives, creating and executing sell-side and buy-side M&A strategies, and identifying cost-effective financing alternatives and sources. Backed by Baker Tilly US, LLP, a national accounting and advisory firm with significant industry expertise, Baker Tilly Capital offers value added insights before, during and after the transaction. Baker Tilly Capital, LLC is a registered broker-dealer, member FINRA and SIPC.

About Baker Tilly US, LLP (bakertilly.com)

Baker Tilly US, LLP (Baker Tilly) is a leading advisory, tax and assurance firm whose specialized professionals guide clients through an ever-changing business world, helping them win now and anticipate tomorrow. Headquartered in Chicago, Baker Tilly, and its affiliated entities, have operations in North America, South America, Europe, Asia and Australia. Baker Tilly is an independent member of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 145 territories, with 34,700 professionals. The combined worldwide revenue of independent member firms is $3.6 billion. Visit bakertilly.com or join the conversation on LinkedIn, Facebook and Twitter.

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