Blue Chip Group, Inc. Asset Profile

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Year established

1972

Location

Salt Lake City UT US

Primary Industry

Food

About

Based in Utah, US, and founded in 1972 by Phil Augason and its CEO, Gary Bringhurst, Blue Chip Group, Inc., trading as Augason Farms, is a manufacturer of food and beverage products. In December 2021, 3 Rivers Capital acquired a majority stake in Blue Chip Group, Inc. As of 2021, Blue Chip Group, Inc. operates a 150,000 sq. ft. production facility. The company produces 300 different products under two brands – Augason Farms and Live Prepared, which offers a broad selection of entrees, drinks, snacks, and beverages; Morning Moo’s Milk; organic soups, cereal, dried mushrooms, beans, lentils, chiles, dry soups, bouillon, stuffing mixes, baking ingredients, and gluten-free items. Following the acquisition, Blue Chip Group, Inc. will be able to expand its manufacturing capabilities in the food and beverage industry.

Current Investors

3 Rivers Capital

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Primary Industry

Food

Sub Industries

Alcoholic Beverages, Other Food Products, Snack Foods

Website

www.bluechipgroup.net

Verticals

Manufacturing

Company Stage

Mature - Buyout

Total Amount Raised

Subscriber access only

Deals

Deals Type
Buyout

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	Blue Chip Group, Inc.	01 Dec 2021

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