Breakaway Ventures’ Investment in Grillo’s Pickles, Inc.

Nixon Peabody advised Breakaway Ventures, LLC (Breakaway), in closing a Series A Preferred Share investment in Grillo’s Pickles, Inc.

Grillo’s Pickles, Inc. is a Massachusetts-based company that sells gourmet pickles in grocery stores across the U.S.

Founder Travis Grillo distinguishes the company’s pickles from other grocery-store-bought pickles by using crisp, fresh vegetables and a 100-year-old family recipe. What started as a one-man shop out of a wooden pickle cart is now a pickle brand sold by more than 4,000 food retailers nationwide, from Whole Foods Market to Boston’s Fenway Park.

The investment by Breakaway will allow Grillo’s to expand its portfolio and team, and continue growing the company.

Breakaway Capital, LLC is a private equity and venture capital firm investing in in consumer brands at a point of inflection where we can accelerate business growth and value creation. The firm, led by John Burns, Dennis Baldwin and Chaz Bertrand is based in Boston.
Nixon Peabody’s deal team was led by M&A and Corporate Transactions deputy practice group leader Chris Keefe (Picture) and included partner Adam Gwaltney, senior counsel William Kelly and associate Caitlin Duncan, and Labor & Employment partner Jeff Gilbreth.

 

Involved fees earner: Christopher Keefe – Nixon Peabody LLP; Caitlin Duncan – Nixon Peabody LLP; Adam Gwaltney – Nixon Peabody LLP; William Kelly – Nixon Peabody LLP; Jeffrey Gilbreth – Nixon Peabody LLP;

Law Firms: Nixon Peabody LLP;

Clients: Breakaway Ventures, LLC;

 

 

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Author: Ambrogio Visconti