Business Services|Consumer & Retail Archives

Transaction Announcement

GatesAir, Inc. (“GatesAir”), a manufacturer of TV and radio transmitters for domestic and international clients, announced the acquisition of substantially all of its assets by Saothair Capital Partners.

Founded in 1922, GatesAir is a leading global designer and manufacturer of wireless, over-the-air content delivery and public safety communications equipment. The company’s mission-critical solutions enable broadcasters to create, transport, and transmit radio and TV content worldwide.

Headquartered in Mason, Ohio, with manufacturing facilities in Quincy, Illinois, and Brescia, Italy, GatesAir offers a comprehensive portfolio of transmission and networking systems built on industry-leading technologies and supported by global parts, service, and technical expertise.

GLC played a critical role in guiding GatesAir through a highly complex and strategic sale process. From the outset, the GLC team demonstrated a deep understanding of our business and industry, helping us articulate our value and navigate key transaction dynamics. Their analytical rigor, responsiveness, and steady leadership were instrumental in achieving a strong outcome. We’re grateful for their partnership and proud of the result we achieved together.

Barbara Spicek
CEO, GatesAir

GLC Deal Team

GLC Advisors is a leading independent investment banking advisory firm focused on senior-level expertise and objective, unconflicted advice to leading companies. Our team’s advisory work includes M&A (sell-side and buy-side), restructuring, financing/debt advisories, recapitalizations, fairness opinions, and valuations. We excel at working with sponsors, creditors, founders, and owner-operators. Our team is passionate about the businesses and people that hire us to advise in their strategic decisions and events.

Transaction Announcement

Octopi Brewing, one of North America’s largest contract beverage production and co-packing facilities, located in Waunakee, Wisconsin announced its acquisition by Asahi Europe & International (AEI), the international branch of Asahi Group Holdings, Ltd. (TSE:2502) – a global food and beverage holding company of brands such as Asahi Super Dry, Peroni Nastro Azzurro, Pilsner Urquell, and Kozel among others.

Octopi Brewing’s modern production facility was built from the ground up to innovate and produce a wide range of beverages, including beer, non-alcoholic, and ready to drink products, using state-of-the-art packaging lines. Today, Octopi operates over 545,000 square feet of production and warehousing facilities with production capacity exceeding 1,000,000 bbl annually.

Octopi will be integrated into AEI’s U.S. subsidiary, Asahi Beer USA, and begin production of global brands Asahi Super Dry and Kozel for the North American marketplace along with a wider portfolio of brands for distribution and sale in Canada. The acquisition of Octopi represents a significant step forward in accelerating Asahi’s global ambitions for Asahi Super Dry, Japan’s most popular beer, which will now be brewed in the U.S. for the first time.

I had the opportunity to work with GLC in the past and when the opportunity to partner with a leading, global food and beverage products company became a possibility, the team at GLC was my first call to make it a reality. The GLC team’s ability to guide us through the complex process of a sale was invaluable in achieving a successful outcome for us.
Isaac Showaki
Founder & President, Octopi Brewing

Business Services & Industrials Team

GLC’s Business Services & Industrials Team is exclusively focused on advising business services and industrials clients in the Middle Market. Our team’s advisory work includes M&A (sell-side and buy-side), financing/debt advisories, recapitalizations, fairness opinions, and valuations. We excel at working with founders and owner- operators. Our team is passionate about the businesses and people that hire us to advise in their strategic decisions and events.