Blue Chip Group, Inc.
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Blue Chip Group, Inc. - overview
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
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
Blue Chip Group, Inc. - deals
| Deals Type | 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Blue Chip Group, Inc. | - |
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Blue Chip Group, Inc. - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| CEO and Board Member | BM |
BM Board Member
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