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CWB Franchise Finance Provides Aegis Brands with $30MM Financing

November 21, 2022, 07:15 AM
Filed Under: Franchise Finance

CWB Franchise Finance supported Aegis Brands Inc. with $30MM in financing to acquire St. Louis Bar & Grill. The commitment supports Aegis' goal to become a consolidator of Canadian food and beverage brands. CWB's has nurtured a longstanding relationship with Aegis based on the publicly traded company's growth aspirations and appetite for a flexible and knowledgeable financial partner.

"Even as the market continues to experience headwinds, it's an advantageous time for food and beverage companies to pursue growth through strategic acquisition of strong brands," said Dimitri Mazur, Senior Manager, Restaurants, CWB Franchise Finance. "Our partnership with Aegis started before the COVID-19 pandemic, and while economic cycles will always present different challenges, we know a quality business when we see one. Public companies require a financial partner that's flexible and understanding of their needs, and we're excited about Aegis' growth trajectory."

"We are very grateful for the partnership we have with CWB," says Steven Pelton, President and Chief Executive Officer of Aegis. "Not only did they believe in our strategy to become a consolidator of great brands, but they also stood by us with financial support and consultation throughout the pandemic."

CWB Franchise Finance, a division of CWB Financial Group, specializes in financing for regional and national restaurants and hotels and is a leading lender to the Canadian restaurant and hospitality industries. CWB Franchise Finance was acquired by CWB Financial Group in 2016 following a successful track record.

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