Glencoe Acquires Cincinnati Preserving Company

Glencoe Acquires Cincinnati Preserving Company

clearbrook nf2Glencoe Capital has acquired the Cincinnati Preserving Company (DBA Clearbrook Farms), a provider of private label and branded jams, jellies, fruit butters, preserves and fillings to both the retail and industrial markets.

clearbrook nf22Clearbrook Farms was founded in 1924 by Jacob Liscow as a supplier to Dolly Madison Bakeries.  The company is based north of Cincinnati in Sharonville, OH ( and today is led by President and CEO Andy Liscow (Jacob’s grandson). He will continue in his role with the company under Glencoe ownership. Dan Cohen, also a grandson of the founder, will remain with the company in a transitional role.

“I look forward to working with Glencoe Capital to continue building the Clearbrook brand,” said Andy Liscow. “We believe that the time is right to make investments in the business to expand our product offerings to be even more successful.  With the support of Glencoe, we can do that.”

jason duzan nf1“The acquisition of Clearbrook represents an excellent opportunity for Glencoe Capital to enter the fast growing specialty foods segment, “said Jason Duzan, a Managing Director of Glencoe Capital. “Clearbrook Farm’s branded retail products have an excellent and long-standing reputation for manufacturing a wide array of clean-label and high-fruit products, and is well positioned for growth among today’s consumers seeking quality all-natural foods.  The company also serves a select list of long-term customers in the private label and industrial segments, demonstrating innovation in product development, quality manufacturing, and excellent service.”

glencoe nf1Glencoe Capital makes acquisitions and growth equity investments in lower-middle market companies that have EBITDAs between $3 million and $15 million. Founded in 1993, Glencoe Capital has offices in Chicago and in the Detroit suburb of Bloomfield Hills (

Ed Ryczek nf1TCF Capital Funding provided a senior debt facility to support the transaction. “We were pleased to have the opportunity to support Glencoe’s investment in Clearbrook Farms,” said TCF Capital Funding Senior Vice President Ed Ryczek. “The TCF Capital Funding team is excited to provide a financing solution that will support the company’s long-term growth and strategic initiatives.”

TCF provides cash flow and asset-based lending to lower middle-market businesses.  National in scope, this senior leveraged lending group focuses on providing private equity sponsor-backed cash flow loans and asset-based loans to companies with less than $100 million in revenue and between $2 million and $10 million in EBITDA.  The firm is based just outside of Chicago in Burr Ridge, IL (

The Peakstone Group was the exclusive financial advisor to Clearbrook Farms on this transaction. Peakstone is an investment bank focused on middle market and family-owned businesses with a targeted transaction size of $10 million to $100 million. The firm is headquartered in Chicago (

© 2016 Private Equity Professional • Private Equity’s Leading News Magazine • 3-17-16

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