GREENWOOD VILLAGE, Colo., Nov. 17, 2016 /PRNewswire/ -- The Forbes M+A Group, a leading transaction advisory firm, is pleased to announce its client, Eldorado Artesian Springs, Inc., has successfully completed a multi-million dollar capital raise and recapitalization. The Forbes M+A Group's President, Bob Forbes, and DealSource's Managing Director, Jon Wiley, served as exclusive financial counsel for this transaction.
"Over the past 30 years, Eldorado's management team has provided strong leadership and vision, driving continuous growth, market leadership and success," said Bob Forbes, President for The Forbes M+A Group. "We were privileged to work with Eldorado in securing the funding they needed to consolidate ownership back to management and implement future expansion plans."
Eldorado Artesian Springs, Inc. is a Colorado based company that is primarily involved in the bottling and marketing of natural artesian spring water. The spring water is a multiple time medal award winner at the Berkley Springs Festival of Waters, the most prominent water tasting competition in the world. Eldorado was founded in 1983 with the purchase of 40 acres of land, the artesian springs, eleven wells, water rights, a bottling plant, a warehouse, and the resort pool in Eldorado Springs, CO. In April of 1986, Eldorado Artesian Springs, Inc. became a public company listed on the NYSE. Continuous growth over the years necessitated expansion and in 2001, Eldorado built a 38,000 sq. foot state-of-the-art bottling and distribution facility in Louisville, CO.
"I feel extremely fortunate to have been introduced to Bob Forbes and Jon Wiley. Their experience and expertise, combined with a thorough comprehension of our company objectives, made it possible for us to secure a deal that will help Eldorado be successful," said Doug Larson, President at Eldorado Artesian Springs. "Their guidance was invaluable as we reviewed offers and negotiated a deal structure that was exactly what we needed. We now have a great financial partner that is helping us get back to our entrepreneurial roots, for even greater success."
"Eldorado's management team knows the water business inside and out," said Jon Wiley, Managing Director at DealSource Partners, who worked with The Forbes M+A Group on advising Eldorado Artesian Springs. "This knowledge combined with a clear vision for future growth made Eldorado very attractive to investors. We were pleased to position the company in a way that generated multiple offers and potential capital structures. It was rewarding to help the management team secure the resources it needed to become more nimble and flexible." DealSource Partners provides strategic advisory services to middle market companies nationwide.
The approximately $9 million capital raise from a large financial services organization will be used to convert the company back to private ownership as well as purchase new assets for continued growth.
About The Forbes M+A Group The Forbes M+A Group is an award-winning Denver, CO-based mergers and acquisitions advisory firm. The firm serves buyers or sellers in middle-market M&A transactions. It applies meticulous attention to detail in helping business owners develop and execute M&A strategy, acquire companies and partner with investor groups for growth, and maximize value in an eventual exit. Senior advisors at The Forbes M+A Group have more than 150 years of combined experience in transactions across a wide variety of industries. For more information on the company, please visit: www.forbesma.com or phone 303-770-6017.