Michael Burgmaier and Nick McCoy today announced the founding of Whipstitch Capital ("Whipstitch"), a new boutique investment bank focused on the consumer products industry. Burgmaier and McCoy had previously led the consumer-banking practice at the investment bank Silverwood Partners, where together they completed over 40 transactions in the consumer sector over the past six years.
Whipstitch will continue Burgmaier and McCoy's investment banking focus on working with innovative food, beverage, nutritional supplements, retail and premium consumer products businesses, particularly in the areas of healthy, active and sustainable living. The Whipstitch team counts among its past clients fast-growing, best-in-class brands like Blake's All Natural Foods, KeVita, The Switch, Scivation, Brad's Raw Foods, Mediterranean Snack Food Co., Otter Creek Brewing Co., Essentia Water and Spindrift, among others.
The new firm will begin operating immediately and the new Whipstitch platform further enhances the team's leadership position in consumer investment banking and strengthens their expertise in some of the most dynamic, on-trend sectors in the consumer industry.
"We are excited to announce the formation of Whipstitch today," said co-founder and Managing Director Michael Burgmaier. "Nick and I have been working closely since 2008 and starting our own firm was the next, natural step for us." McCoy added, "We are about the true innovators who fight the good fight, take risks, and change how consumers think about the products and services they buy. We love to help. We pride ourselves in straight talk and transparency. We get the deal done-and done right-and enjoy every day while doing it."
Burgmaier added "Why us? We're tight with the right acquirers and investors; we know how to talk with them about the best, on-trend consumer products brands. We love consumer product innovation and related retail. It's what's in our fridge, on our feet, part of our daily routines and interwoven in our lives."
McCoy concluded, "This is a good day. We are ready to further break away from the crowd and show how we are different and unique. We intend to further scale our passion for consumer products and getting deals done into a breakaway business-just like the entrepreneurs and leaders with whom we work."