Winnetka Private Equity Firm Wins Bankruptcy Auction For Oberweis Dairy

Robert Channick, Chicago Tribune: Business
Wed, 05/29/2024 - 12:02pm

There’s a new milkman in Chicago. Geoff Hoffmann, co-CEO of his family’s eponymous Winnetka-based private equity firm, emerged as the top bidder Wednesday for the bankrupt assets of the century-old Oberweis Dairy, putting everything from its North Aurora plant to 40 branded ice cream stores under new ownership. The undisclosed offer from the Hoffmann Family of Companies through its investment arm, Osprey Capital, bested Brian Boomsma, owner of Chicago-based Dutch Farms, who made a $20 million stalking horse bid in April for Oberweis. “We think that the brand is as good as it gets in the ice cream and dairy space,” Hoffmann said Wednesday.

Topics: winnetka-based osprey capital florida everblades hoffmann s north shore trump tower founded david hoffmann my chapter started peter indiana michigan st louis republican october on april pullman companies adam kraber for geoff hoffmann i ve plans from chicago hoffmann geoff hoffmann oberweis north aurora hoffmann family companies brian boomsma dutch farms april we hoffman hoffman joe june a boomsma bankruptcy auction private equity firm milk cream company business ice stores investment products bid million plant court wednesday home industry grocery approval delivery protection filed top assets branded family-owned stalking time week long ownership owner horse growth offerings announced including management morning brand pending service team include bidders office operating declining making eggs failed day

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Winnetka Private Equity Firm Wins Bankruptcy Auction For Oberweis Dairy

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