Periculum Advises PrecisionPoint in its Sale to SAM

Periculum Capital Company, LLC is pleased to announce it has advised PrecisionPoint, Inc., a leading provider of reality capture 3D scanning and data integration services for digital twin and building information modeling solutions, in its sale to SAM, the nation’s leading provider of professional Managed Geospatial Services™ and Inspection services across the utility, transportation, and broader infrastructure markets. SAM is a portfolio company of Peak Rock Capital.

Periculum was engaged by PrecisionPoint’s founder, Mark Hanna, to find an acquirer that understood PrecisionPoint’s niche expertise and provide infrastructure within which PrecisionPoint could scale to meet the demand of this growing market.

In 2010, a year marked by uncertainty and unwavering determination, Mark embarked on a significant journey. With a young family to support and having recently departed from a comfortable corporate role, he took the bold step of founding PrecisionPoint. His vision was clear: to establish PrecisionPoint as the premier technology and services provider in the burgeoning 3D reality capture scanning market. Fourteen years later, Mark has sold PrecisionPoint to SAM and will be positioned as a core component of SAM’s strategy to be the leading provider of professional Managed Geospatial ServicesTM in the United States. Mark will join SAM as Vice President of Digital Engineering and all PrecisionPoint employees will have the opportunity to grow their careers at a 2022 Top Workplaces award winner.

PrecisionPoint is a leader in two distinct market segments: (1) providing as-built documentation to architecture, engineering and construction companies and (2) providing reality capture and technology integration services for global manufacturing and distribution companies seeking to exploit digital twin technologies. Mark asked Periculum to customize a sell-side process to identify and select a buyer who would understand the value of PrecisionPoint’s digital twin capabilities and provide opportunities for career advancement to all his employees. Mark did not want PrecisionPoint to simply become a regional tuck-in to a national consolidator, but rather a critical piece of an innovative vision for managed geospatial services.

Mark met with the Periculum team two years before deciding to engage Periculum. “We knew Mark was a fantastic entrepreneur and knew right away we would love to work with him,” said Bill Harlow, Director of Business Development at Periculum. Once engaged, Periculum focused on perfecting and telling PrecisionPoint’s story to a select group of strategic and financial acquirers. “We focused on telling Mark’s story by using the rich data he and his team collected about their customers, projects, market opportunities and dynamic changes occurring in the industry,” said Sean Frazer, a partner at Periculum. “Even though executing M&A transactions requires senior deal professionals to provide clients guidance, negotiate with buyers, and to think dynamically in ambiguous situations, letting a company’s data speak for itself is one of the most compelling ways to communicate a company’s strengths to interested parties.”

Mark Hanna said, "Working alongside the Periculum Capital team has been an invaluable experience characterized by trust and resilience. They took the time to truly understand our vision and were unwaveringly patient throughout the complex acquisition process. Their trustworthiness became truly evident in the post-LOI phase, where they diligently upheld our values, safeguarding my personal integrity and the company's worth. The team’s attentiveness to my concerns and support have been instrumental in my success, for which I am profoundly grateful."

Faegre Drinker Biddle & Reath LLP served as PrecisionPoint’s legal advisor.

If you are exploring how a strategic transaction could help you (or a client) achieve goals to grow or exit your business now or in the future, please reach out to anyone on the Periculum team to discuss your situation on a confidential basis.

About Periculum Capital Company, LLC
Periculum is a leading investment and merchant banking firm serving the corporate finance needs of middle market companies. The firm was founded in 1998 to provide sophisticated financial advisory and transaction services. Periculum is committed to achieving superior outcomes for its clients by delivering customized investment banking services that maximize value while still meeting clients’ individual goals and objectives. The firm’s primary services include M&A, capital markets, and restructuring advisory, as well as specialized merchant banking services.

Periculum Advises Hoosier Penn Oil, Inc. in its Sale to Cadence Petroleum Group

Periculum Capital Company, LLC (“Periculum”) is pleased to announce it has advised Hoosier Penn Oil, Inc. (“HP Oil” or the “Company”), an Indianapolis, IN based distributor of bulk and packaged motor oil, related automotive lubricants, and car care chemicals, in its sale to Cadence Petroleum Group (“Cadence”), backed by Wellspring Capital Management, LLC (“Wellspring”).

HP Oil was founded in 1976 by Terry Blakely to serve central Indiana with bulk and packaged motor oils and associated automotive lubricants. The Company subsequently acquired several smaller oil distributors and launched its car care chemical offerings in 2002. Current owner, Brian Johnson, joined the Company in 1998 as its CFO before becoming an equity partner and eventually acquiring the entire Company. Today, HP Oil serves its car dealership, oil change, and car detail shop customers from its three Indiana facilities in Indianapolis, South Bend, and Jeffersonville, and from its fourth location in Kansas City, MO. The Company has been a longstanding distributor for the Ford Motorcraft program and has also built a suite of widely used house brand products serving the passenger car motor oil market.

HP Oil engaged Periculum to lead a customized sell-side process that would maximize the financial outcome for ownership while ensuring the Company and its team members were well-positioned for future growth alongside the right strategic partner. Periculum leveraged the Company’s strong vendor arrangements and strategically located distribution facilities to best position HP Oil as a differentiated asset in a quickly consolidating market. This positioning drove active competition among numerous aggregators in the oil and lubricant distribution space, culminating in multiple bids that gave ownership a number of options from which to choose in order to best meet its primary objectives. Cadence, a Wellspring portfolio company and one of the largest distributors of lubricant, fuel, and other ancillary products in the eastern portion of the United States, was an ideal buyer as it sought to increase the density of its Indiana footprint following the acquisition of another Indiana distributor last year. The Company will continue to operate as Hoosier Penn Oil while leveraging the additional products and services now available as part of Cadence Petroleum Group to best serve its customers moving forward.

“Since most of us will only get one chance to sell our companies you want to get it right,” commented HP Oil owner Brian Johnson. “There are a lot of investment bankers out there, so I did my research and found that one of the best just happened to be in my backyard. Periculum was careful, thoughtful, and purposeful with my company, and with me. From engagement letter to closing, the team at Periculum was always there to guide me, counsel me, and fight for me. Their ability to build the story of my company and always listen to my concerns made them the perfect partner for the sale of a business where I spent 26 years of my life. I will always be grateful I had them on my side.”

“We are thrilled with the acquisition of HP Oil. The Company is a great fit to further our growth strategy,” added Tyson Pugh, Cadence SVP of Business Development & Strategy. “We are grateful that Brian chose to sell his company to us and appreciate that Brian, with support of the Periculum team, ran a highly professional and efficient process.”

Faegre Drinker Biddle & Reath LLP served as HP Oil’s legal advisor and Katz, Sapper & Miller served as the Company’s accounting and tax advisor.

About Periculum Capital Company, LLC
Periculum is a leading investment and merchant banking firm serving the corporate finance needs of middle market companies. The firm was founded in 1998 to provide sophisticated financial advisory and transaction services. Periculum is committed to achieving superior outcomes for its clients by delivering customized investment banking services that maximize value while still meeting clients’ individual goals and objectives. The firm’s primary services include M&A, capital markets, and restructuring advisory, as well as specialized merchant banking services.

Periculum Advises AMW Construction Supply, LLC. in its Sale to Gypsum Management & Supply, Inc.

Periculum Capital Company, LLC (“Periculum”) is pleased to announce it advised AMW Construction Supply, LLC (“AMW” or the “Company”), a Phoenix-based distributor of construction supplies, tools, fasteners, and related products, in its sale to Gypsum Management & Supply, Inc (NYSE:GMS) (“GMS”).

Periculum ran a customized sell-side process primarily targeting strategic buyers that could leverage AMW’s strong position in a booming metro market bolstered by both new residential construction and remodeling activity.

AMW was founded in 1984 to provide the Phoenix metro area with high-quality tools and fasteners predominantly used within the construction, stone, and brick products industry. The Company is now a leading regional distributor and preferred partner for both commercial and residential clients who depend on AMW’s entrenched relationships with key industrial product manufacturers to deliver a comprehensive product offering in a timely fashion.

Periculum was engaged to lead a sell-side process based on its long-standing relationship with AMW’s ownership and previous industry transaction experience. With a number of active consolidators in the space, Periculum successfully positioned the company as a market leader in a growing local market that continued to see significant demand for new residential and multi-family housing development despite construction slowdowns in other parts of the country. Ultimately, GMS, a leading North American specialty building products distributor, was the ideal partner to leverage its extensive network and resources to grow AMW’s existing operations while preserving the Company’s service-focused culture and local market reputation. The Company will continue to operate under its legacy name while expanding GMS’s complementary product portfolio and geographic presence within the Phoenix metro market.

Commenting on the transaction, Scott Brown, Chairman of AMW, complimented Periculum Capital, “I have worked with Periculum on several transactions, and they never disappoint. They were well-organized and made the due diligence process and documentation run smoothly. Thanks to the entire Periculum team for bringing us to a successful closing!”

About Periculum Capital Company, LLC
Periculum is a leading investment and merchant banking firm serving the corporate finance needs of middle market companies. The firm was founded in 1998 to provide sophisticated financial advisory and transaction services. Periculum is committed to achieving superior outcomes for its clients by delivering customized investment banking services that maximize value while still meeting clients’ individual goals and objectives. The firm’s primary services include M&A, capital markets, and restructuring advisory, as well as specialized merchant banking services.

Periculum Advises Pet Palace Enterprises, LLC. in its Sale to Destination Pet

Periculum Capital Company, LLC (“Periculum”) is pleased to announce it advised Pet Palace Enterprises, LLC (“Pet Palace” or the “Company”), a Columbus, OH based provider of pet boarding, daycare, and grooming services, in its sale to Destination Pet.

This deal marks Periculum’s third transaction in the rapidly evolving pet care services industry. Periculum leveraged its experience and network in the industry to run a customized process focused on finding the right partner to value, preserve, and accelerate the Pet Palace brand while maintaining the Company’s exemplary employee base.

Founded in 2006, Pet Palace has developed an excellent reputation as a leading provider of high-quality boarding, daycare, and grooming services for dogs and cats. The Company successfully grew to 11 premier locations across four states over its nearly 20-year history, solidifying itself as the fourth largest company-owned pet boarding provider in the country.

After successfully opening three new locations in 2020 and 2021, Pet Palace engaged Periculum in late 2022 to run a targeted sell-side process positioning the Company as a premium asset in a highly fragmented market. Periculum facilitated and led negotiations with strategic and financial buyers to value the embedded growth in existing resorts and the growth potential of future de novo locations. As one of the leading consolidators of pet resorts in the U.S., with a unique technology value proposition, Destination Pet was the perfect partner to carry forward the Pet Palace brand and propel the Company’s commitment to high quality pet care beyond its current footprint.

“Periculum’s strategy and expertise provided our company a robust transaction process with an ideal outcome,” said Brian Hudock, founder and CEO of Pet Palace. Zainab Bass, Managing Director at Periculum, echoed this sentiment, “As someone who has been following the Pet Palace growth story for several years, I could not be happier for Brian and his team. They have truly built a best-in-class pet resort brand that will continue to thrive under Destination Pet’s ownership.”

About Periculum Capital Company, LLC
Periculum is a leading investment and merchant banking firm serving the corporate finance needs of middle market companies. The firm was founded in 1998 to provide sophisticated financial advisory and transaction services. Periculum is committed to achieving superior outcomes for its clients by delivering customized investment banking services that maximize value while still meeting clients’ individual goals and objectives. The firm’s primary services include M&A, capital markets, and restructuring advisory, as well as specialized merchant banking services.

Periculum Advises LUNA Language Services in its Sale to GLOBO Language Solutions, LLC.

Periculum Capital Company, LLC (“Periculum”) is pleased to announce it advised LUNA Language Services (“LUNA” or the “Company”), an Indianapolis-based provider of interpretation, translation, and language training services, in its sale to GLOBO Language Solutions, LLC (“GLOBO”).

Periculum ran a customized sell-side process focused on finding the right partner to preserve the unique LUNA culture and propel the highly recognized brand into its next growth phase.

LUNA is one of the largest privately owned language service companies in the U.S. driven by its critical purpose of ensuring language access is a right afforded to all people. Led by the dynamic husband-and-wife team of Chris and Marina Waters, the Company consistently achieved double-digit annual revenue growth throughout its 20+ year history, solidifying itself as a leader and pioneer in the highly fragmented language services industry.

Periculum was engaged to manage a targeted sell-side process that emphasized both fit and value. The team crafted a curated buyers list, positioning the Company as a mission-driven community leader and differentiated language service provider with noteworthy nationwide brand equity that both strategic and financial buyers could leverage as a platform for growth. As a result of Periculum’s continuous and intimate collaboration with management, the Company was able to find a partner in GLOBO that not only aligned with LUNA’s people-first culture, but also complemented its existing services to increase efficiencies and ultimately enhance LUNA’s mission to promote language access to all people.

“Working with Periculum, and specifically with Zainab Bass and Bob Shortle, provided us a compass and navigator on a journey we would not want to travel alone,” said Marina Hadjioannou Waters, President of LUNA. “We couldn’t be happier with the outcome that resulted from the thoughtful and intentional marketing strategy developed by the Periculum team.”

About Periculum Capital Company, LLC
Periculum is a leading investment and merchant banking firm serving the corporate finance needs of middle market companies. The firm was founded in 1998 to provide sophisticated financial advisory and transaction services. Periculum is committed to achieving superior outcomes for its clients by delivering customized investment banking services that maximize value while still meeting clients’ individual goals and objectives. The firm’s primary services include M&A, capital markets, and restructuring advisory, as well as specialized merchant banking services.

Periculum Announces Three Promotions

Periculum Capital Company, LLC (“Periculum”) is pleased to announce three promotions.

Zainab Bass is now Managing Director
Zainab Bass has been promoted to Managing Director. Zainab joined Periculum in 2013 as an Associate and has been an integral part of the firm’s strategy and growth over the last ten years. Her ability to effectively transition from an analytical Associate role to a client-facing deal lead resulted in her becoming the youngest ever equity partner at Periculum. In addition, she has been actively engaged in the greater Indianapolis business community, representing the firm on three prominent boards. Chris Caniff, Senior Managing Director of Periculum, stated “Zainab’s unwavering commitment to the success of this firm over the past decade has been instrumental in the development of our advisory practice. We are excited for her proven leadership ability to continue driving the firm forward while delivering superior results for clients.”

Matt Haskell is now Vice President
Matt Haskell has been promoted to Vice President, formerly serving as Associate for two years. Matt joined Periculum as an Analyst in 2019 and has supported client engagements across all service areas. Fritz Schutte, Managing Director at Periculum, said “We have enjoyed watching Matt’s growth while at Periculum. His attention to detail and strong analytic skills are indispensable to serving our clients. We look forward to his continued success as part of the Periculum team.”

Taylor Hoke is now Associate
Taylor Hoke, formerly serving as an Analyst for the firm, has been promoted to Associate. Since joining Periculum in 2021, Taylor has supported client engagements across all service areas. Chris Caniff, Senior Managing Director of Periculum, stated “Taylor has been an important part of the firm, assisting senior members in transaction mandates from start to finish. We are excited for his continued growth and contributions to the team.”

About Periculum Capital Company, LLC
Periculum is a leading investment and merchant banking firm serving the corporate finance needs of middle market companies. The firm was founded in 1998 to provide sophisticated financial advisory and transaction services. Periculum is committed to achieving superior outcomes for its clients by delivering customized investment banking services that maximize value while still meeting clients’ individual goals and objectives. The firm’s primary services include M&A, capital markets, and restructuring advisory, as well as specialized merchant banking services.

Periculum Advises 21st Amendment, Inc. in its Sale to US Liquor Group, LLC.

Periculum Capital Company, LLC (“Periculum”) is pleased to announce it has completed the sale of 21st Amendment, Inc. (“21st Amendment” or “Company”), a long-standing and locally recognized wine and spirit retailer, to US Liquor Group LLC.

Indianapolis-based US Liquor Group LLC, owned by Bobby Kang, Amarbir Singh Ghoman and Harsharan Singh Ghoman, officially closed its purchase of all 21st Amendment locations in and around Indianapolis, including locations in Carmel, Fishers, Noblesville, and Westfield. All locations will retain the 21st Amendment name.

Since its founding in 1971 by Jim James with a single storefront in Indianapolis, the Company has grown to 19 locations around Central Indiana. The Company gained recognition and continues to be recognized for its commitment to providing quality products and a high level of customer service, particularly as it relates to its wine, spirit, and craft beer product offerings.

Periculum was engaged by the estate of the late Jim James to not only drive the highest valuation for both the operating business and associated real estate in one transaction, but also to preserve the strong 21st Amendment brand and significant community presence developed over the past 50 years with the ownership transition. With a limited universe of potential buyers and the added complexity of multiple ownership interests and regulatory approvals required for the transfer of liquor licenses, Periculum successfully managed a streamlined sell-side process to maximize value while preserving confidentiality in a competitive local market.

Ice Miller LLP served as 21st Amendment's legal advisor.

About Periculum Capital Company, LLC
Periculum is a leading investment and merchant banking firm serving the corporate finance needs of middle market companies. The firm was founded in 1998 to provide sophisticated financial advisory and transaction services. Periculum is committed to achieving superior outcomes for its clients by delivering customized investment banking services that maximize value while still meeting clients’ individual goals and objectives. The firm’s primary services include M&A, capital markets, and restructuring advisory, as well as specialized merchant banking services.

Periculum Advises Hoosier Refreshment Company in its Sale to WP Beverages, LLC, a Subsidiary of Wis-Pak, Inc.

Periculum Capital Company, LLC (“Periculum”) is pleased to announce it has completed the sale of Interactions Incorporated dba Hoosier Refreshment Company (“Hoosier Refreshment” or the “Company”), an Indiana-based beverage distributor, to WP Beverages, LLC, a subsidiary of Wis-Pak, Inc. (“Wis-Pak”).

The transaction provides Wis-Pak with distribution rights to key beverage brands including Pepsi, Mountain Dew, and Crush across an exclusive territory spanning 7.5 counties in the northcentral portion of Indiana. Terms of the deal were not disclosed.

Periculum was engaged to manage the sale of the business by the former owner’s estate. Periculum’s senior leadership advised on each step of a complex sale process that involved satisfying various legal and fiduciary responsibilities while delivering a personal touch to Company management, employees, and the personal representatives of the former owner’s estate to drive significant value.

Hoosier Refreshment had experienced steady growth and healthy financial performance supported by its position as an exclusive distributor of PepsiCo beverage products in northcentral Indiana. Periculum was required to manage the transaction under a unique set of variables that included a careful approach to identifying appropriate buyers to maximize transaction value while meeting the needs of numerous stakeholders.

Periculum’s dedicated senior leaders that are involved in each step of a transaction— from buyer identification to final negotiations—culminated in the successful execution of the sale.

“The team at Periculum was very gratified to have been chosen by the estate’s personal representatives to run this process,” said Fritz Schutte. “The complexity of a limited universe of potential buyers and the number of entities involved in final approval authority made achieving the desired outcome more difficult than the typical sell side engagement. The law firm of Ice Miller was indispensable in their role in negotiation of the transaction agreements and handling of the various legal and tax issues revolving around the estate and the transaction including the company’s union and pension agreements.”

About Periculum Capital Company, LLC
Periculum is a leading investment and merchant banking firm serving the corporate finance needs of middle market companies. The firm was founded in 1998 to provide sophisticated financial advisory and transaction services. Periculum is committed to achieving superior outcomes for its clients by delivering customized investment banking services that maximize value while still meeting clients’ individual goals and objectives. The firm’s primary services include M&A, capital markets, and restructuring advisory, as well as specialized merchant banking services. www.periculumcapital.com

Periculum Advises Mi-Tech Tungsten Metals, LLC. in its Sale to Global Tungsten & Powders Corp, U.S. Affiliate of the Plansee Group

Periculum Capital Company, LLC (“Periculum”) is pleased to announce that on November 15, 2022, it completed the sale of Mi-Tech Tungsten Metals, LLC (“Mi-Tech” or “Company”), a leading manufacturer of critical components made from heavy tungsten alloys supplied to aerospace, energy and other government & commercial end markets, to Global Tungsten & Powders Corp. (“GTP”), the U.S. affiliate of The Plansee Group (“Plansee”), the global leader in the production of refractory metals, headquartered in Reutte, Austria.

Periculum ran a global search as part of the customized sell-side process and successfully led Mi-Tech through a complicated, multi-pronged federal government approval process.

Periculum began formally working with Mi-Tech in December 2019 to find a buyer that could strengthen the Company’s global supply chain, realize significant strategic synergies and qualify to own Mi-Tech ’s portfolio of customer relationships that included controlled and classified federal government programs. Periculum, along with the Company’s owner, A.J Bir and his multi-firm legal advisory team, negotiated and closed the sale transaction with Plansee and GTP after protracted negotiations with the Committee for Foreign Investment in the United States (“CFIUS”), the Department of Justice with respect to anti-trust review, and certain federal agencies regarding the mitigation of Foreign Ownership, Control and Influence (“FOCI”).

Periculum was challenged to design a customized sell-side process due to the confidentiality of the government programs and a large concentration of the Company’s financial performance linked to several highly-confidential programs. These challenges required telling the Company’s story in a way that would generate interest from potential buyers without disclosing the applications of the products – in fact, the Periculum team could not know what the end uses of the products were.

The strategy Periculum designed was to focus the Company’s story on its long-term historical financial success. The strategy also staged the release of information about the Company according to strict hurdles designed to minimize exposure to competitors and foreign entities. Periculum’s most senior transaction leaders, Chris Caniff and Sean Frazer, orchestrated every detail of the strategy employed.

Periculum coordinated with Densborn Blachly (lead M&A counsel; Indianapolis, Indiana), Arnall Golden Gregory (counsel for government contracting and national security matters; Washington D.C.) and Arnold & Porter (counsel for anti-trust matters; Washington D.C.) to navigate a multi-agency review process that resulted in CFIUS approval, early termination of a second request anti-trust investigation and preliminary recommendation of a FOCI mitigation agreement. From the time of signing the equity purchase agreement, the federal government review process took nearly 11 months.

“Closing the acquisition of Mi-Tech by The Plansee Group is a testament to Periculum’s single-most important differentiator from its competitors,” said Chris Caniff. “Our senior transaction leaders are intimately involved in the execution of our clients’ transaction processes and are tenacious in achieving our clients’ goals.”

“Without the senior leadership of Sean Frazer and Chris Caniff I am certain this deal would never have been completed,” said A.J. Bir, Owner of Mi-Tech. “There were several times I thought the challenges we faced were insurmountable, but each time Sean and Chris came up with a creative solution and advocated ardently for me. Their skillful negotiating, creativity, and unwavering commitment to me was so much more than I ever expected to receive from an M&A advisor.”

For more information about the intricacies of M&A transactions that implicate national security, foreign investment, or FOCI mitigation, please reach out via email to Sean Frazer (sfrazer@periculumcapital.com) or Chris Caniff (ccaniff@periculumcapital.com). To discuss any business or transaction matter, reach out to Chris, Sean or any member of the Periculum Capital Company team (www.periculumcapital.com/team/).

About Periculum Capital Company, LLC
Periculum is a leading investment and merchant banking firm serving the corporate finance needs of middle market companies. The firm was founded in 1998 to provide sophisticated financial advisory and transaction services. Periculum is committed to achieving superior outcomes for its clients by delivering customized investment banking services that maximize value while still meeting clients’ individual goals and objectives. The firm’s primary services include M&A, capital markets, and restructuring advisory, as well as specialized merchant banking services. www.periculumcapital.com

About Densborn Blachly
Densborn Blachly is a transaction boutique that is proud to serve the Midwestern business community. Midwesterners are independent, competitive, practical and productive. They innovate before they realize they do. They esteem pedigree not nearly as much as getting the job done. Densborn Blachly is of the same ilk. At Densborn Blachly, innovation occurs in the field and on the fly. Practical solutions are found in places previously unexplored. Client interests are protected against underappreciated risks. Desired outcomes are reached through tenacious pursuit. Densborn Blachly lawyers know how to work hard with intuition, creativity and effectiveness honed over decades of experience. And they relish the competition of it all — just as their clients do. For more information, please contact Don Densborn (ddensborn@dblaw.com) or visit www.dblaw.com.

About Arnall Golden Gregory LLP
Arnall Golden Gregory (AGG), an Am Law 200 law firm with 200 attorneys in Atlanta and Washington, D.C., takes a “business sensibility” approach when advising clients. AGG provides industry knowledge, attention to detail, transparency, and value to help businesses and individuals achieve their definition of success. AGG’s transaction, litigation, regulatory, and privacy counselors serve clients in healthcare, real estate, retail, fintech/payment systems, global commerce/global mobility, government investigations and government contracts, life sciences, and logistics and transportation. AGG's government contracts attorneys assist clients in numerous industries to navigate the maze of statutes, regulations, and contractual provisions that companies must comply with when conducting business with the federal government. AGG subscribes to the belief “not if, but how.” For more information, please contact Tenley Carp (tenley.carp@agg.com) or visit www.agg.com.

Periculum Announces Completed Sales of Central States Enterprises, LLC's Feed and Bagging Operations to Furst-McNess Company

Periculum Capital Company, LLC (“Periculum”) is pleased to announce it has completed the sale of Central States Enterprises, LLC’s (“CSE” or “Company”) Feed and Bagging Operations located in Lake City, Florida (“Lake City”) to Furst-McNess Company.

Lake City was founded in the 1980’s to better serve CSE’s southeastern poultry and dairy customers. Lake City engages in bulk grain and feed ingredient merchandising, produces packaged grain products such as various animal feeds, private label bagged products, and operates transload operations on the Norfolk Southern railroad.

Periculum has been CSE’s exclusive Financial Advisor for several years, completing multiple debt placements, a minority equity sale, and other periodic assignments. Periculum was pleased to once again be of service to the Company.

CSE is headquartered in Heathrow, Florida, and previously had significant grain origination operations in Indiana. Periculum represented the Company in the sale of its grain operations to ADM in 2021.

About Periculum Capital Company, LLC
Periculum is a leading investment and merchant banking firm serving the corporate finance needs of middle market companies. The firm was founded in 1998 to provide sophisticated financial advisory and transaction services. Periculum is committed to achieving superior outcomes for its clients by delivering customized investment banking services that maximize value while still meeting clients’ individual goals and objectives. The firm’s primary services include M&A, capital markets, and restructuring advisory, as well as specialized merchant banking services.