DJ’s Boudain, LLC Has Been Acquired by Treaty Oak Equity LLC
19.04.2022
HOUSTON, TEXAS (April 19, 2022) – Statesman Corporate Finance, LLC (“Statesman”) is pleased to announce the sale and recapitalization of DJ’s Boudain, LLC (“DJ’s” and/or the “Company”) to a newly formed affiliate of Treaty Oak Equity LLC (“Treaty Oak”). Statesman served as the exclusive sell-side financial advisor to DJ’s on this transaction which closed March 31, 2022.
Founded by Linda Morris in Beaumont, Texas in 1985, DJ’s has a 37-year track record of extraordinary success, growing to become one of the leading specialty Cajun food manufacturers serving the Gulf Coast and south-central U. S. Linda’s commitment to the highest quality manufacturing processes and utilization of only superior ingredients – including lean pork, locally grown rice, fresh vegetables, a proprietary seasonings mix, and high-quality natural casings has led to incredible customer loyalty and demand. DJ’s delicious boudin products can be microwaved, baked, steamed, or grilled and served as a breakfast, lunch, or dinner option. It is also served in kolaches and specialty restaurant appetizers.
“It has been so much fun and tremendously gratifying to build the business over several decades alongside the wonderful team at DJ’s. We’ve tried to do things the right way by striving to consistently make the best tasting boudin with the highest quality ingredients for our wonderful customer base. I am so grateful for the success that we’ve had and now with DJ’s needing to expand to meet increasing customer demand, the time is right for us to partner with a group that can assist DJ’s in fully realizing the tremendous growth opportunities that are ahead. My partner Pierce Harrington and I really feel like Treaty Oak is the right fit! Ben and Chris made the effort to understand our business and culture, and they’ve brought so much to us in the form of actionable data and ideas. We are tremendously excited to partner with Treaty Oak on the next growth chapter for DJ’s. Also, on behalf of the entire DJ’s team, I’d like to thank Statesman for their exceptional effort and professionalism throughout the process we undertook to find the right partner. Their thoughtful advisory and dedicated personnel really helped keep things on track to get us to a successful closing”, Linda Morris, Founder and Owner” – Linda Morris, Founder and Owner.
About the other transaction participants
Statesman Corporate Finance, LLC (Houston & Austin, TX) is the FINRA-licensed broker dealer affiliate of Statesman Business Advisors, LLC. With offices in Houston and Austin, Texas, Statesman is a leading middle-market investment banking firm providing merger and acquisition, capital formation, valuation, and other general corporate financial advisory services to middle-market companies. The Statesman team advising on this engagement was led by Will Jaco, Managing Member and included, Gary Canon, Director, Jessica Seff, Vice President, and Nathan Hurst, Associate.
Treaty Oak Equity LLC (Austin, TX) is an Austin-based private investment firm with capital commitments from two Texas family offices. Treaty Oak invests in lower middle market companies that have a defensible niche position in consumer products and service segments.
Creighton, Fox, Johnson & Mills, PLLC (Beaumont, TX) provided legal counsel to DJ’s, led by Partner, Brian Mills and Meredith Bernsen, Partner.
FMW, P.C. – Certified Public Accountants (Beaumont, TX) provided accounting services to DJ’s, led by Ryan Harkey, Managing Principal.
Kirkland & Ellis (Dallas, TX Office) provided legal counsel to Treaty Oak, led by Partner, Kyle Watson, and Abbey Zuech, Associate.
