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Blackstone Products To Go Public Via SPAC Deal With Ackrell SPAC Partners, Transaction Implies Pro Forma Enterprise Value $900M

Benzinga Real-time News ·  Dec 23, 2021 20:06
  • Blackstone Products, the innovative griddle company that is redefining the outdoor cooking experience led by Founder and Chairman Roger Dahle, has entered into a definitive business combination agreement with Ackrell SPAC Partners I Co. (NASDAQ:ACKIU), led by Chairman Michael Ackrell
  • The transaction implies a combined company pro forma enterprise value of $900 million
  • Proven track record of profitable growth, with a 72% net revenue CAGR from 2016 through 2020 and over $450 million in revenue estimated for 2021 which is expected to grow to over $600 million in 2022
  • Blackstone is revolutionizing the traditional outdoor cooking market while simultaneously expanding the griddle category, which is expected to...
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