R.L. Hulett & Company (“RLH”) is pleased to announce that its client, Trilogy Warehouse Partners (“TWP” or the “Company”) has partnered with Tilia Holdings, LLC (“Tilia”) and its portfolio company, Refrig-IT, to facilitate continued growth and expansion of its business. In this transaction, RLH acted as exclusive financial advisor to the Company.

Trilogy Warehouse Partners, based in St. Louis, Missouri, is a leading provider of warehousing and supply chain management services to the food and beverage, consumer, healthcare and industrial markets.  TWP manages both food grade and non-food grade facilities and handles dry, frozen, and perishable products across all aspects of the food storage supply chain for retail grocers, food manufacturers and food distributors as well as a variety of other consumer and industrial customers. The Company was founded in 2013 by Hilton Kahn, Rick Baker and Quin Brewer and today manages 8 warehouses in Missouri and Illinois.

Tilia Holdings is a Chicago-based private equity firm focused on making control investments in the lower middle market across the global food supply chain.  Tilia’s founders have deep roots in sector-focused private equity investing in both healthcare and food safety since the early 1990’s.

One of Tilia’s portfolio companies, Refrig-IT, is a niche provider of cold chain warehousing and supply chain services to customers throughout the imported food and beverage value chain.  Refrig-IT is based in Kearny, New Jersey and serves customers predominately in the Northeast. Tilia’s investment thesis was that by combining Refrig-IT and TWP, a number of operational synergies can be achieved along with the ability to offer customers managed warehousing services across a broader footprint in the Midwest and the Northeastern parts of the U.S.

R.L. Hulett & Company is a boutique investment bank in St. Louis, Missouri since 1981. In this transaction, RLH was retained by TWP as its exclusive advisor to explore strategic alternatives for the growth and expansion of the business.  RLH facilitated a process by preparing marketing materials, contacting strategic and financial partners and advising the Company during negotiations with prospective partners.

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