JTM Foods LLC
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JTM Foods LLC - overview
Established
1986
Location
Erie, PA, US
Primary Industry
Food
About
Founded in 1986 by Jeffrey T. McMillin and based in Pennsylvania, US, JTM Foods LLC, trading under the name JJ’s Bakery, operates as a bakery manufacturer of fried snack pies and rice crispy treats in the US. The company operates an 80,000 square feet, Peanut and Tree Nut Free facility located in Erie, Pennsylvania. In May 2021, Tenex Capital Management acquired the company from Kainos Capital where Varagon Capital Partners provided a senior secured credit facility to support the transaction.
The company produces JJ’s Bakery branded, co-manufactured, and private label sweet baked goods such as fruit filled snack pies, mini pies, marshmallow, and crispy rice treats. The firm also offers bars for individual retail sales, vending machines, school snacks, and institutional serving requirements, as well as for schools, hospitals, organizations, correctional facilities, and other institutions. The company generates revenue from selling its products under the JJ’s Bakery brand and through a network of international distributors which include grocery, convenience, mass, club, and dollar store channels across the country.
Current Investors
Tenex Capital Management
Primary Industry
Food
Sub Industries
Bakery Products, Snack Foods, Food & Beverage Distribution
Website
www.jtmfoods.net
Verticals
Manufacturing
Company Stage
Mature
Total Amount Raised
Subscriber access only
JTM Foods LLC - 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Corporate Carve Out | Completed | J.M. Smucker Co.'s Cloverhill and Big Texas brands | - | ||||||||
| Add-on | Completed | Cookies-n-Milk, Inc. | - | ||||||||
| Secondary Buyout | Completed | JTM Foods LLC | - | ||||||||
| Secondary Buyout | Completed | JTM Foods LLC | - | ||||||||
| Buyout | Completed | JTM Foods LLC | - |
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