Boston, MA. Nixon Peabody advised Breakaway Ventures, LLC (Breakaway), in closing a Series A Preferred Share investment in Grillo’s Pickles, Inc. (Grillo’s), a Massachusetts-based company that sells gourmet pickles in grocery stores across the U.S.
Founder Travis Grillo distinguishes the company’s pickles from other grocery-store-bought pickles by using crisp, fresh vegetables and a 100-year-old family recipe. What started as a one-man shop out of a wooden pickle cart is now a pickle brand sold by more than 4,000 food retailers nationwide, from Whole Foods Market to Boston’s Fenway Park.
The investment by Breakaway will allow Grillo’s to expand its portfolio and team, and continue growing the company.
Nixon Peabody’s deal team was led by M&A and Corporate Transactions deputy practice group leader Chris Keefe and included partner Adam Gwaltney, senior counsel William Kelly and associate Caitlin Duncan, and Labor & Employment partner Jeff Gilbreth.