Dave's Killer Bread

Client

Dave’s Killer Bread began in 2005 at the Portland Farmers Market when Dave Dahl and his nephew brought some loaves of bread to sell. They knew they had something killer and unique, but little did they know how much these products would shake up the bread aisle. Headquartered in Portland, Oregon, it’s now one of the largest and fastest growing brands in the world, Dave’s Killer Bread made over $1 billion in revenue in 2023 and is feeding families with organic and wholesome bread.

Their goal

The company needed cash to fuel growth, and the founders were interested in taking money off the table. They wanted a partner that would pay a high valuation and align and build on the core, brand vision and founding principles built by the founder: organic, local, supporting ex-felons and local farmers.

How we helped

As partners, we locked arms with the management team to find a strategically aligned partner that enabled shareholders to achieve partial liquidity while positioning the company for its next significant phase of growth.

The result

Meriwether Group worked to help the family and founders get the company ready for a significant financial partnership. We assisted the company in putting together all the necessary components to run an M&A process that ended up yielding a 10X EBITDA valuation. They also gained a great partner that helped David’s Killer Bread build out its management team and Board and grow the company over 4X over the next 3 years. The founders were able to take meaningful cash off the table and fuel growth all while preserving and building on the brand promise.