- November 18, 2022
- Posted by: Bastion team
- Category: World News
MISSISSAUGA, ON, Nov. 17, 2022 /CNW/ – CWB Franchise Finance (CWB) is pleased to support Aegis Brands Inc. (Aegis) 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,” says 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.”
About CWB Franchise Finance
CWB Franchise Finance, a division of CWB Financial Group, specializes in financing for regional and national restaurants and hotels…