Highlighted transactions

Diversified industrials & services


New Carbon Company

A portfolio company of PNC Riverarch Capital

Piper Jaffray served as exclusive financial advisor to New Carbon Company and PNC Riverarch Capital on the sale of New Carbon to Roch Capital (formerly RAA Management).

Client Description

New Carbon Company is a leading distributor of waffle and pancake mix to restaurants, hotels, colleges, and other foodservice establishments. New Carbon provides its Golden Malted brand waffle mix, along with waffle irons and related maintenance, to over 40,000 customer locations throughout North America.

Counterparty Description

Roch Capital is a private investment firm backed by Rocco Abessinio, the founder of Deleware-based Applied Bank.