Advised on Sale of CompanyTechnology
Acquired 100% of Business Operations
Advised VaporBeast, one of the fastest growing e-commerce companies in the U.S. that develops and sells smoke free technology products, on its sale to Turning Point Brands. VaporBeast is among the fastest growing e-commerce companies in the United States.
Turning Point Brands (TPB) is a publicly-traded company based in Louisville, Kentucky. TPB is a leading provider of Other Tobacco Products such as chewing tobacco, pipe tobacco, cigarette papers and electronic cigarettes. Moving forward, TPB intends to leverage growth by using its larges sales organization to introduce its products into the VaporBeast customer base, utilizing their e-commerce platform and penetrating non-traditional retail stores. VaporBeast will also continue to operate out of its Carlsbad, California headquarters.
The merger gives VaporBeast and its customers the opportunity to thrive and VaporBeast will benefit from TPB’s regulatory expertise and also from its nationally recognized sales force. The team at VaporBeast has grown its e-commerce platform over the past few years and coupled with the resources of Turning Point is well positioned for further growth in this dynamic marketplace. The deal closed at an implied enterprise value of $27.0 million.