Sequoia Borgman“Buck Bone is a great addition to our portfolio of lower middle market companies. It is founder-owned, has a strong track record of growth, and offers a unique product line that addresses ecofriendly and health-conscious dog owners,” said Sequoia Borgman, founder and chief executive officer of Borgman Capital. “The pet industry is experiencing a strong tailwind, and we are eager to partner with Steiglemans and grow the Buck Bone brand.” In addition to antler chews, Buck Bone makes biscuits, dental sticks, jerky bites, yak chews, antler powder, and other toys made from the antler that deer, elk and moose naturally shed each year. . Products are hand-cut, manufactured, and packaged in Bozeman before being distributed to a customer base that includes Amazon, Costco, Chewy and Hollywood Feed. “Buck Bone has been a labor of love from the beginning. We founded the company because of our passion for dogs, commitment to their health, and care for the environment,” said Jackie Steigleman, CEO of Buck Bone Organics. “After nearly a decade of building our business from the ground up, having a respected private equity firm like Borgman Capital recognize our potential and partner with us is a huge moment in our journey as entrepreneurs.” Buck Bone Organics is Borgman Capital’s 18th acquisition since the firm was founded in 2017, and its first investment in the pet industry. Highland Bank based in St. Paul, Minnesota provided senior financing and Milwaukee-based Reinhart Boerner van Deuren served as legal counsel for Borgman Capital.
