William Blair acted as the exclusive financial advisor to Brakebush Brothers, Inc. (Brakebush), in connection with its pending sale to Hormel Foods Corporation (NYSE: HRL) (Hormel Foods) for $1.055 billion. The transaction was announced on September 30, 2026, and is expected to close by year end.
About the Companies
Family owned and operated since 1925, Brakebush is a value-added processor of great tasting chicken products, serving national QSR chains, grocery retailers, convenience stores, universities, hospitals, and independent restaurants. The company operates five production facilities across the United States, supported by its own truck fleet and has long-standing relationships with broadline and independent distributors nationwide.
Hormel Foods, based in Austin, Minnesota, is a publicly traded, global branded food company with over $12 billion in annual revenue, with brands including Planters, Skippy, and Spam, and employs more than 18,000 team members worldwide.
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