FC Crestone Value Add: FC Crestone worked closely with an operating partner and Formation Brands management to transform the business through:
- Retaining a new CEO to help drive the strategic operational and growth plans
- Materially improving Formation Brands’ margin structure which positioned the business to generate significant cash flow as revenue rebounded
- Strategically growing the business through completing two synergistic add-on acquisitions
Outcome: Formation Brands was sold to a strategic acquirer after six years of substantial growth.