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BP Insights: Berntson Porter Corporate Advisory Represented Bellevue-Based Baratza in Recent Acquisition

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Berntson Porter & Company (“BP”) and Berntson Porter Corporate Advisory (“BPCA”) recently represented Baratza, based here in Bellevue, in their acquisition by an Australian public company; Breville Group.

BP provided transaction advisory services to Baratza, while BPCA acted as exclusive financial advisor to the owners, Kyle Anderson and Kyra Kennedy.

The transaction brings together two of the world’s leading companies in the design and global distribution of coffee products. Baratza designs and markets premium coffee grinders for North American and international markets. Breville designs and markets small home appliances, specifically blenders, coffee machines, toasters, kettles, microwaves and toaster ovens. Breville also manufactures coffee machines for Nespresso, including the Inissia, Bambino and Citiz series of machines.

Baratza CEO and Co-Founder, Kyra Kennedy, said: “As a business renowned for its excellence in leading- edge design and customer service, it is vital to us that we maintain our unique culture and global brand. In Breville Group, we are confident we have found a partner with shared values and deep category expertise, whose vision for the future complements our own.” Baratza President and Co-Founder, Kyle Anderson, said “We are so pleased with all of the advice we received from Berntson Porter on this transaction – Bob, Jenn, Pitt and Greg did a spectacular job, providing prudent advice and representing us to ensure that all of the elements of the deal fell into place perfectly – we couldn’t be happier.”

Gregory Noone, Managing Director at BPCA, commented, “We’re so excited for Kyle, Kyra and the team at Baratza. We believe that they have found a partner with shared values for customer care and a passion for product innovation and enhancing the specialty coffee experience. We’re really looking forward to seeing Brevilles dynamic new vision for Baratza.”

This is the tenth transaction that BPCA has advised on since the firm’s formation in 2017, and the fourth in 2020. Other completed M&A transactions included companies in the manufacturing, industrial services, professional services, construction, wood products, and logistics industries.

For more information about this transaction, please contact the principals involved; Robert Berntson (rberntson@bpcpa.com) and Jennifer Lilly (jlilly@bpcpa.com) at BP, or Pitt Means (pmeans@bp-cas.com) and Gregory Noone (gnoone@bp-cas.com) at BPCA. You can also visit bp-cas.com.


     

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