Northern Edge Wins Coveted M&A Deal of the Year Awards
We are delighted to announce that Northern Edge Advisors is the winner of two of the most prestigious and competitive awards presented by M&A Advisor: M&A Deal of the Year for a transaction between $25 and $50 million and M&A Deal of the Year for a transaction between $50 and $100 million.
This recognition from the benchmark for dealmaking excellence is a testament to the Firm’s unmatched expertise and effective approach to selling private companies and solidifies Northern Edge Advisors as a preeminent advisor in the middle market. Despite the unprecedented market conditions arising from the pandemic, Northern Edge Advisors demonstrated its remarkable skill in identifying motivated purchasers and negotiating attractive financial terms to deliver successful outcomes for our clients.
Bob Goldsmith, President and Founder of Northern Edge Advisors, attended the Gala Ceremony at The New York Athletic Club on Tuesday, November 15th and commented, “These awards recognize our position as an undisputed leader in our core market, advising on transactions valued between $25 and $100 million. I am honored to have accepted these awards on behalf of the Firm and to celebrate these wins with my colleagues, as it is their passion and commitment that is reflected in the best-in-class service we deliver to North American business owners.”
The sale of Blue Chip Group, Inc. (“Blue Chip”) to 3 Rivers Capital, LLC (“3RC”) was awarded M&A Deal of the Year in the $50 – $100 million category. The contributions by Northern Edge to the completion of this transaction were particularly noteworthy, specifically with respect to advising on managing Blue Chip’s significant earnings volatility and addressing several significant operational issues that arose in the very last stages of the process.
Founded in 1972, Blue Chip is a leader in the dry foods industry, with a particular focus on manufacturing and distributing extended shelf-life products for the Emergency Food Preparedness Market. Blue Chip’s founders (the “Sellers”) were looking to capitalize on the recent strong performance related to the pandemic and transition away from the business, and engaged Northern Edge to achieve their objectives.
Through a well-orchestrated and competitive process with a large number of interested parties, Northern Edge Advisors identified 3RC, with expertise in food manufacturing and growing private companies, as an attractive partner and structured and negotiated a transaction that not only offered substantial cash at closing but also participation in the future upside of the business for the Sellers.
In that regard, 3RC has taken immediate steps to grow value for Blue Chip, including improving the manufacturing capabilities to diversify the product range and generating additional revenue as a vendor to larger food and beverage companies.
In 2022, Northern Edge was also recognized as a finalist for several other categories including Boutique Investment Bank of the Year.
Northern Edge has an extended record for winning dealmaking awards, which include:
- Cross-Border Deal of the Year ($10 – 25 million) at the 20th Annual M&A Advisors Awards in 2021
- M&A Deal of the Year ($25 – 50 million) at the 18th Annual M&A Advisor Awards in 2019
- Private Equity Deal of the Year ($10 – 50 million) at the 17th Annual M&A Advisor Awards in 2018
- Healthcare & Life Sciences Deal of the Year (Over $100 million) at the 15th Annual M&A Advisor Awards in 2016
The M&A Advisor Awards are presented annually and are determined by a panel of leading industry veterans.