Minnesota business sale

TNMA Team Dual Award Winner at the 21st Annual M&A Advisor Awards

The True North Mergers and Acquisitions (TNMA) team was recognized for winning multiple awards at the M&A Advisor Awards gala. The TNMA team won the Industrials Deal of the Year award for their work on the AAA Striping Services acquisition, while Kirill Graminschi, senior M&A associate, was recognized with an Emerging Leaders Award.

Athman Dairy, Inc. Joins Advanced Dairy West, LLC

True North Mergers and Acquisitions (TNMA) Managing Director, Erica Gilson, announced today that Advanced Dairy West, LLC (Advanced Dairy) of Spring Valley, Wisconsin, has purchased Athman Dairy, Inc. (Athman Dairy) of Pierz, Minnesota. The 50+ employee business will retain all 13 employees of the family dairy operation led by second-generation cousins, Loren and David Athman. After more than four decades in business, the Athman cousins determined it was time to start thinking about retirement and transitioning their business. The owners enlisted the help of TNMA after being referred by a past client who had been impressed by the firm’s tenacity and dedicated support. The TNMA team brought both characteristics to the transaction. 

True North Companies Partner to Preserve Lonsdale Packaging’s Local Legacy

True North Mergers and Acquisitions (TNMA) today announced that True North Equity Partners of Minneapolis, Minnesota, has purchased Lonsdale Packaging (Lonsdale) of Lonsdale, Minnesota. The TNMA team of advisors worked with Lonsdale’s owners to find a buyer that safeguarded the legacy and values on which the owners founded the business in 1998. Lonsdale is a full-service packaging and logistics company that delivers high-quality packaging on-site in their Lonsdale facility.