Smart for Life Announces Engagement of Amerivest Group in Expansion of its Acquisition Pipeline
Smart for Life, Inc. (Nasdaq: SMFL) has announced the expansion of its acquisition pipeline through a partnership with Amerivest Group, a premier M&A advisory firm. This move aligns with Smart for Life's Buy & Build business model and restructuring initiatives. The company, specializing in nutritional supplements and foods, is seeking profitable nutraceutical companies with annual revenues between $5 million and $25 million.
Key points:
- Partnership aims to reinvigorate Smart for Life's M&A strategy
- Amerivest Group has already identified numerous potential acquisition targets
- Smart for Life is working towards completing its 10-K and 10-Q filings and pursuing a capital raise
- The company's goal is to reach $100 million in revenue through organic growth and M&A initiatives
However, completion of any acquisitions is subject to due diligence and financing conditions.
Smart for Life, Inc. (Nasdaq: SMFL) ha annunciato l'espansione del suo pipeline di acquisizione attraverso una partnership con Amerivest Group, una prestigiosa società di consulenza M&A. Questa mossa è in linea con il modello di business Buy & Build e le iniziative di ristrutturazione di Smart for Life. L'azienda, specializzata in integratori alimentari e alimenti, sta cercando aziende nutraceutiche redditizie con ricavi annuali compresi tra 5 milioni di dollari e 25 milioni di dollari.
Punti chiave:
- La partnership mira a rivitalizzare la strategia M&A di Smart for Life
- Amerivest Group ha già identificato numerosi potenziali obiettivi di acquisizione
- Smart for Life sta lavorando per completare le sue dichiarazioni 10-K e 10-Q e perseguire un aumento di capitale
- L'obiettivo dell'azienda è raggiungere 100 milioni di dollari di fatturato attraverso la crescita organica e iniziative M&A
Tuttavia, il completamento di qualsiasi acquisizione è soggetto a condizioni di due diligence e di finanziamento.
Smart for Life, Inc. (Nasdaq: SMFL) ha anunciado la expansión de su cartera de adquisiciones a través de una asociación con Amerivest Group, una firma de asesoría en M&A de primer nivel. Este movimiento está alineado con el modelo de negocio Buy & Build y las iniciativas de reestructuración de Smart for Life. La empresa, especializada en suplementos nutricionales y alimentos, está en busca de empresas nutracéuticas rentables con ingresos anuales entre 5 millones de dólares y 25 millones de dólares.
Puntos clave:
- La asociación busca revitalizar la estrategia de M&A de Smart for Life
- Amerivest Group ya ha identificado numerosos posibles objetivos de adquisición
- Smart for Life está trabajando en completar sus presentaciones 10-K y 10-Q y en buscar una recaudación de capital
- El objetivo de la empresa es alcanzar 100 millones de dólares en ingresos mediante el crecimiento orgánico y las iniciativas de M&A
No obstante, la finalización de cualquier adquisición está sujeta a condiciones de due diligence y financiamiento.
스마트 포 라이프, Inc. (Nasdaq: SMFL)는 M&A 자문 회사인 아메리베스트 그룹과의 파트너십을 통해 인수 파이프라인을 확장한다고 발표했습니다. 이번 움직임은 스마트 포 라이프의 Buy & Build 비즈니스 모델 및 구조 조정 이니셔티브와 일치합니다. 이 회사는 연간 매출이 500만 달러에서 2500만 달러 사이인 수익성 있는 뉴트라슈티컬 회사를 찾고 있습니다.
주요 사항:
- 파트너십은 스마트 포 라이프의 M&A 전략을 재활성화하는 것을 목표로 하고 있습니다.
- 아메리베스트 그룹은 이미 여러 잠재적 인수 목표를 식별했습니다.
- 스마트 포 라이프는 10-K 및 10-Q 보고서를 완료하고 자본 조달을 추진하기 위해 노력하고 있습니다.
- 회사의 목표는 유기적 성장과 M&A 이니셔티브를 통해 1억 달러의 매출에 도달하는 것입니다.
하지만, 인수의 완료는 실사가 필요하며 자금 조달 조건에 따라 달라질 수 있습니다.
Smart for Life, Inc. (Nasdaq: SMFL) a annoncé l'expansion de son pipeline d'acquisition grâce à un partenariat avec Amerivest Group, une société de conseil en fusions et acquisitions de premier plan. Ce mouvement s'inscrit dans le cadre du modèle commercial Buy & Build et des initiatives de restructuration de Smart for Life. L'entreprise, spécialisée dans les compléments nutritionnels et les aliments, recherche des entreprises nutraceutiques rentables avec des revenus annuels compris entre 5 millions et 25 millions de dollars.
Points clés :
- Le partenariat vise à revitaliser la stratégie de fusions et acquisitions de Smart for Life
- Amerivest Group a déjà identifié de nombreux objectifs d'acquisition potentiels
- Smart for Life travaille à finaliser ses dépôts 10-K et 10-Q et à poursuivre une levée de fonds
- L'objectif de l'entreprise est d'atteindre 100 millions de dollars de revenus grâce à la croissance organique et aux initiatives de fusions et acquisitions
Cependant, la réalisation de toute acquisition est soumise à des conditions de due diligence et de financement.
Smart for Life, Inc. (Nasdaq: SMFL) hat die Erweiterung seiner Akquisitionspipeline durch eine Partnerschaft mit der Amerivest Group, einer führenden M&A-Beratungsfirma, bekannt gegeben. Dieser Schritt steht im Einklang mit dem Buy & Build-Geschäftsmodell und den Umstrukturierungsinitiativen von Smart for Life. Das Unternehmen, das auf Nahrungsergänzungsmittel und Lebensmittel spezialisiert ist, sucht profitable nutraceutical Unternehmen mit einem Jahresumsatz zwischen 5 Millionen und 25 Millionen US-Dollar.
Wichtige Punkte:
- Die Partnerschaft zielt darauf ab, die M&A-Strategie von Smart for Life zu revitalisieren
- Die Amerivest Group hat bereits zahlreiche potenzielle Akquisitionsziele identifiziert
- Smart for Life arbeitet daran, seine 10-K und 10-Q Berichte abzuschließen und eine Kapitalerhöhung zu verfolgen
- Das Ziel des Unternehmens ist es, 100 Millionen US-Dollar Umsatz durch organisches Wachstum und M&A-Initiativen zu erreichen
Der Abschluss von möglichen Akquisitionen unterliegt jedoch den Bedingungen der Due Diligence und der Finanzierung.
- Expansion of acquisition pipeline through partnership with experienced M&A advisory firm
- Potential for accelerated growth through targeted acquisitions in the nutraceutical industry
- Clear revenue goal of $100 million through organic growth and M&A initiatives
- Acquisitions subject to successful due diligence and financing
- Company still in process of completing delayed financial filings (10-K and 10-Q)
- Recent reduction in acquisition activity due to restructuring initiatives
Pipeline to Support Smart for Life’s Buy & Build Business Model as Part of the Company’s Restructuring Initiatives
MIAMI, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Smart for Life, Inc. (Nasdaq: SMFL) (“Smart for Life” or the “Company”), a distinguished leader in the Health & Wellness sector specializing in the marketing and manufacturing of nutritional supplements and foods, announced today the expansion of the Company’s acquisition pipeline through the engagement of Amerivest Group, providing the Company with M&A opportunities through their established network. The announcement was made jointly by A.J. Cervantes, Jr., Chairman of Smart for Life and Scott A. Levine, Regional Director of Amerivest Group.
“Amerivest Group is a premier M&A advisory firm that has been in business for over 40 years, and we are delighted to partner with them on our proactive M&A program,” stated Mr. Cervantes. “As we have announced previously, despite our acquisition activity being reduced during our restructuring initiatives, we are anticipating reinvigorating our M&A strategy. As we work to complete our 10-K and 10-Q filings and pursue our capital raise, we anticipate our activity to pick up speed, including our previously announced transactions. We are looking forward to working with the Amerivest team as an additional component of our pipeline.”
“With our deep experience in the M&A sector, we have worked with numerous acquirers over the years completing transactions of all sizes,” said Mr. Levine. “It is clear that the Smart for Life team is comprised of seasoned capital markets executives, and we look forward to working with them to execute efficient acquisitions as part of their Buy-and-Build strategy in the nutraceutical industry.”
Smart for Life is seeking profitable companies in the nutraceutical industry across the United States, with between
“Working with the team at Amerivest, they have already identified dozens of opportunities and potential acquisition targets,” stated Darren Minton, Smart for Life’s Chief Executive Officer. “We believe this represents a significant addition to our M&A initiatives, and while there is no assurance that any particular acquisition will be completed, we believe the pure size of the pipeline creates an enormous prospective opportunity for the Company, as we continue to implement our strategy and drive toward our publicly stated goal of
Completion of any acquisitions in the Company’s pipeline is subject to a number of conditions including successful due diligence and financing.
About Amerivest Group
Amerivest Group and its affiliate, Amerivest Advisors LLC, is an M&A firm offering exceptional transactional and financial expertise to lower middle market companies seeking a divestiture, merger, acquisition, recapitalization, or growth capital through a variety of time tested mechanisms. With a team of accomplished deal makers, Amerivest offers a unique blend of sophisticated solutions and extraordinary client service to an underserved segment of the market. The firm is comprised of seasoned professionals who have diverse backgrounds in Mergers & Acquisitions, strategic planning, corporate development and corporate finance. Our team has worked extensively as principals and intermediaries in structuring and closing transactions with an aggregate value in excess of
About Smart for Life, Inc.
Smart for Life, Inc. (Nasdaq: SMFL) is an emerging growth company in the nutraceutical industry, committed to delivering innovative solutions that promote Health & Wellness. With a focus on research-driven formulations and consumer-centric approaches, Smart for Life is dedicated to redefining the boundaries of nutritional science. The Company is engaged in the development, marketing, manufacturing, acquisition, operation and sale of a broad spectrum of nutritional and products. Structured as a publicly held holding company, the Company is executing a Buy-and-Build strategy with serial accretive acquisitions creating a vertically integrated company. To drive growth and earnings, Smart for Life is developing proprietary and related products as well as acquiring other profitable companies, encompassing brands, manufacturing and distribution channels. The Company recently concluded the execution of a restructuring plan including recapitalization of the Company with equity and debt financings, the sale of certain non-performing assets, and the successful liquidation of the Company’s senior debt facility. In addition, the Company converted substantial debt obligations to equity materially improving the Company’s balance sheet. For more information about Smart for Life, please visit: www.smartforlifecorp.com.
Forward-Looking Statements
This press release may contain information about our views of future expectations, plans and prospects that constitute forward-looking statements. All forward-looking statements are based on management’s beliefs, assumptions and expectations of Smart for Life’s future economic performance, taking into account the information currently available to it. These statements are not statements of historical fact. Although Smart for Life believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Smart for Life does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law. No assurances can be made that Smart for Life will successfully acquire its acquisition targets. Forward-looking statements are subject to a number of factors, risks and uncertainties, some of which are not currently known to us, that may cause Smart for Life’s actual results, performance or financial condition to be materially different from the expectations of future results, performance or financial position. Actual results may differ materially from the expectations discussed in forward-looking statements. Factors that could cause actual results to differ materially from expectations include general industry considerations, regulatory changes, changes in local or national economic conditions and other risks set forth in “Risk Factors” included in our filings with the Securities and Exchange Commission.
Disclaimer
The information provided in this press release is intended for general knowledge only and is not a substitute for professional medical advice or treatment for specific medical conditions. Always seek the advice of your physician or other qualified health care provider with any questions you may have regarding a medical condition. This information is not intended to diagnose, treat, cure or prevent any disease.
Investor Relations Contact
Crescendo Communications, LLC
Tel: (212) 671-1021
SMFL@crescendo-ir.com
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