Office Snax, LLC has sold a majority interest to B12 Capital Partners, LLC and MidStates Capital L.P. in a Transaction Negotiated by W.G. Nielsen & Co.

January 26, 2015

Denver, CO - January 26, 2015 - W.G. Nielsen & Co., a leading investment banking firm headquartered in Denver, CO, announced today that an investor group led by B12 Capital Partners, LLC and MidStates Capital, L.P. has completed a majority equity recapitalization of Office Snax, LLC. W.G. Nielsen & Co. acted as financial advisor to Office Snax, LLC in the transaction. Former majority shareholder, cofounder, and CEO, Bill Baker, and partner, Dave Krumwiede, will maintain a minority interest in the business, and will remain with the company in leadership roles with a focus on business and new product development. As part of the transaction, veteran office products executive Todd Elmers has joined the company as Chief Executive Officer.

About Office Snax, LLC

Office Snax, founded in 2000 by Bill Baker and Bob Peterson, distributes snacks, candy, beverages, and other food and miscellaneous related items through office products distributors to office break rooms across the country. The company is headquartered in Hinsdale, IL, and distributes its products from Buffalo, NY.

About B12 Capital Partners, LLC

B12 Capital Partners is a private equity fund which partners with owners and managers of manufacturing and distribution companies. Their geographical emphasis is on the states of the Big Twelve conference, extending into the upper Midwest, Southeast and Intermountain West. They have a particular interest in providing both growth equity and ownership transition capital, including the outright acquisitions of businesses.

About MidStates Capital L.P

MidStates Capital L.P. is a licensed Small Business Investment Company ("SBIC") based in Overland Park, Kansas that provides equity and mezzanine capital primarily to middle market midwestern companies having potential for substantial growth and long-term equity appreciation.

About W.G. Nielsen & Co.

W.G. Nielsen & Co. is a Denver-based investment banking firm that specializes in mergers and acquisitions (sell side and buy side advisory services) and structured and leveraged financing transactions. The Company enables select, mid-sized clients to achieve their goals through strategic alliances, industry experience, and proven methodologies. Since the Company's inception in 1996, W.G. Nielsen & Co. professionals have completed transactions valued in excess of $4 billion. For information on the above transaction, please contact Richard Millett or Tom Campbell (303) 830-1515 or visit

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