Traeger Completes $424 Million IPO
Traeger, Inc. (“Traeger” or the “Company”) (NYSE: COOK), a portfolio company of AEA Investors, Ontario Teachers’ Pension Plan Board and Trilantic North America, recently completed an initial public offering of 23,529,411 shares of Common Stock at a price of $18.00, generating gross proceeds of approximately $423.5 million. The offering was comprised of 8,823,529 shares sold by the Company and 14,705,882 shares sold by certain selling stockholders. The Company intends to use the net proceeds from the offering for debt paydown and general corporate purposes.
Baird served as an active bookrunner on this offering.
AboutTraeger is the creator and category leader of the wood pellet grill, a versatile and easy to use outdoor cooking system. Traeger pellet grills use all-natural hardwood fuel to infuse food with flavorful smoke, making food taste delicious and most of all, memorable. Traeger pellet grills utilize wood-fired convection power to provide 6-in-1 versatility; owners can grill, smoke, bake, roast, braise and barbecue meals on one cooking system. The Company is headquartered in Salt Lake City, Utah.
AEA Investors partners with management teams of leading middle market companies and is headquartered in New York, New York. Ontario Teachers’ Pension Plan Board is the largest single-profession pension plan in Canada and is headquartered in Toronto, Canada. Trilantic Capital Management is a private equity firm focused on control and significant minority investments in North America and is headquartered in New York, New York.
CONTACT US TO LEARN MORE
- August 2021
- Traeger, Inc.
- Equity Capital Markets
- Target Location
- North America