Caber Hill Advisors announced today that it assisted in the sale of KLUTCHclub, a leading health & wellness subscription service, to Bestowed, an industry rival. The two companies will combine to form the largest subscription commerce retailer of healthy food, beverage, and personal care products. The transaction closed on May 1, 2014, and terms of the deal were not disclosed.
Craig Castelli, Caber Hill's Founder and CEO, led the transaction for Caber Hill. KLUTCHclub’s Founder and CEO Julie Bashkin said the following about working with Caber Hill: “Craig is extremely smart and analytical, and unlike many advisors or brokers in this space, commands credibility and trust almost immediately. Many of the people with whom we interacted during the process, whom Craig approached on his own but with whom did not end up striking a deal still went out of their way to voluntarily share with me how much they enjoyed working with Craig.”
About Caber Hill Advisors
Caber Hill represents the next generation of business brokerage firms. Our mission is simple: to share our expertise with current and future business owners who want to buy, sell, or grow a company. We offer results-oriented advisory services that focus on creating value for our clients, and the majority of our fees are tied directly to our results.
We bring the capabilities that are often found only at large Wall Street investment banks to small and medium-sized businesses. We provide expertise in mergers & acquisitions, valuations, financial analysis, and business development. We have extensive contacts among business buyers and sellers, and many of our successful transactions are the result of leveraging our network. Our professionals come from Fortune 500 companies and M&A firms, bringing expertise in several sectors and experience working with companies of all sizes from start-ups to mature businesses and from small businesses to divisions of public companies.
KLUTCHclub is a leading direct-to-consumer subscription service focused on the health & wellness segment. It provides consumers with a monthly delivery of healthy food, beverage, supplement, personal care, and fitness products, with the goal of helping consumers make better purchasing decisions by educating them on which products and ingredients are best for their lifestyle, providing greater access to these products, and offering exceptional value.
Founded by Registered Dietician and author Heather Bauer, Bestowed aims to help consumers “Discover Healthy” through a monthly subscription service providing an assortment of the best healthy food, snacks, beverages, and lifestyle products on the market. Bestowed has grown rapidly since it was founded in 2012 and aims to become the leading subscription commerce and e-commerce retailer in the health & wellness industry.