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Pinecrest Served as Exclusive Financial Advisor to Cookies-n-Milk in Buyout Deal
Wednesday 25 January 2023

US-based investment bank Pinecrest Capital Partners advised Texas, US-based bakery and frozen dessert manufacturer Cookies-n-Milk in its acquisition by JTM Foods, a portfolio company of Tenex Capital Management, the firm said.

Pinecrest served as the exclusive advisor to Cookies-n-Milk in this transaction.

Founded in 1993 by Mike and Cindy Blasko, Cookies-n-Milk has historically produced fully baked cookies, brownies, blondies, and doughnut holes, and more recently has become a leader in the edible cookie dough category.

CnM's products are sold across the US through several channels, including convenience, grocery, food service, and fast casual restaurants nationwide.

The new partnership with JTM Foods and Tenex Capital Management will provide Cookies-n-Milk with key support to continue to expand operations through its next phase of growth.

Pinecrest Senior Managing director Barrett Kingsriter, director Wes Romanowski, and Senior Associate Austin Jolesch served as the investment bankers on the transaction.

Patrick Ryan and Dean Gould from Dykema Gossett PLLC served as the seller's legal counsel for the transaction.
Date Published: 25/01/2023