Bridgewell Agribusiness Acquired by Vireo Growth | Consumer M&A Deal

Vireo Growth has agreed to acquire Bridgewell Agribusiness, a food beverage retail business in Minnesota, for $40 million. Vireo Growth acquisitions focus on consumer M&A, and Bridgewell supplies organic and non-GMO food and agricultural products to manufacturers, supporting Vireo’s consumer deals MN strategy. The Bridgewell Agribusiness acquisition is structured as a platform acquisition by a public company, with Vireo issuing an unsecured subordinated convertible note tied to an estimated closing purchase price of about $10.26 million after assumed indebtedness and transaction expense adjustments. The Vireo Growth acquires Bridgewell Agribusiness deal is announced, with closing expected after a short post-announcement period and conversion of the note into subordinate voting shares on or after the second anniversary of closing.