A third-generation Baltimore company changed hands last month in a deal spurred in part by decades-long friendships in the tight-knit beverage distribution industry. Bond Distributing Co., which was founded in 1950 , sold at the end of the year to the Honickman, Origlio and Bergson Organization (HOBO), which is made up of the three eponymous families and focuses on beer distribution primarily in the northeast. The acquisition marks HOBO’s entrance into Maryland, where Bond distributes beer, wine and liquor to 3,000 retail customers. Financial terms of the deal were not disclosed. Matrix Capital Markets Group Inc. brokered the deal and Venable LLP provided legal counsel to Bond. Selling Bond was “the hardest decision we ever made” said Randi Settleman, who served as president at Bond prior to the sale and represented the third generation in the business, along with her sister Leslie Schaller, who served as vice president. The decision came down to “right time, right people,” Settleman said, and was made easier by their familiarity with the families that comprise HOBO as well as the fact that pretty much everything about Bond will stay the same. The name will remain as will all of its roughly 140 employees […]
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
