Eagletree Capital Acquires Lignetics From Taglich Private Equity And Mill Road Capital

Lignetics Inc. (“Lignetics”), the largest consumer-focused wood pellet manufacturer in the U.S., and EagleTree Capital (“EagleTree”), on behalf of its private equity fund EagleTree Partners V, announced today that EagleTree has acquired Lignetics from Taglich Private Equity and Mill Road Capital. Lignetics will be a new platform investment in the EagleTree portfolio, and Lignetics’ operations, management team and personnel will remain unchanged following the EagleTree investment. Co-investors, including Alpha Associates, Bullingham Capital, Farol Asset Management, Manulife Investment Management, Misland Capital, Northwestern Mutual Capital, and Thrivent Financial, are investing alongside EagleTree. Terms of the transaction were not disclosed.