B. Riley Securities advised on the sale of The Santa Barbara Smokehouse ("SBS"), a leader in producing smoked salmon of the highest quality, to HKW's portfolio company, PANOS Brands, LLC (“PANOS”), a provider of branded consumer foods. Financial terms of the transaction were not disclosed.
 
Robert Woolway, Senior Managing Director at B. Riley Securities, said “Our team worked very hard to find the best strategic buyer for SBS, and we were thrilled when HKW agreed SBS would be an outstanding addition to their line-up of brands at PANOS."
 
SBS uses traditional, artisanal smoking methods originated in Scotland and adopted by founder Tim Brown to create handcrafted delicacies for a range of blue-chip customers in the retail and foodservice channels. Industry experts consider SBS’s Cambridge House Private Reserve to be one of the world’s finest smoked salmon products. For more information, visit www.sbsmokehouse.com.

Tim Brown said, “I am excited for PANOS to expand their reach of our products to fuel consumer interest in high quality smoked salmon. B Riley did an excellent job, based on its deep relationships with food industry investors, identifying a number of interested parties, including HKW’s PANOS Brands.”

B. Riley's M&A advisory team was led by Robert Woolway.