12075 N. Corporate Parkway, Suite 120 | Mequon, WI 53092
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ESPRO

Our team advised Regal Ware on the strategic divestiture of its ESPRO division to DKK Enterprises.

ESPRO

Transaction Details

Strategic Advisor

Year: 2023

Client: ESPRO

Hedquarters: Kewaskum, WI

Industry: Consumer Products, Food & Beverage

Website: www.espro.com

Overview

Completed by the Vantage Investment Banking team under a prior firm, ESPRO, a premium brand of consumer in-home coffee and tea presses and a division of Regal Ware, has been acquired by DKK Enterprises, a platform of home beverage equipment brands. 

About Regal Ware

Headquartered in West Bend, Wisconsin, Regal Ware is an industry leading holding company focused on manufacturing, selling, and distributing premium cookware brands across the globe. The Company has a robust community, with over 3,500 direct selling dealers, distributors, and consultants that sell product in over 60+ countries and territories.

About ESPRO

Known for its premium coffee and tea brewing products for consumers, ESPRO has cultivated a loyal customer base of coffee and tea enthusiasts. Founded by engineers, the Company continuously expands its product portfolio to include other brewing tools and accessories for both home and professional baristas, emphasizing design, craftmanship, and improved brewing experiences.

About DKK Enterprises

Headquartered in Toronto, Ontario, DKK Enterprises is a designer, manufacturer, and distributor of a portfolio of lifestyle beverage and accessory brands. DKK Enterprises focuses on quality, innovation, and rapidly refining its lineup to deliver standout products in the coffee, tea, and spirits accessory categories.

Deal Team

Vantage Investment Banking
Bill Penkwitz

Bill Penkwitz

Partner

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12075 N. Corporate Parkway, Suite 120 
Mequon, WI 53092
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Bill Penkwitz

Partner & Co-Founder

414-559-3519

[email protected]

Biography

Bill brings more than 25 years of investment banking experience, previously founding and building a boutique investment banking firm focused on advising middle market companies on mergers and acquisitions, debt placements, capital raising, and strategic advisory transactions. Over the course of his career, he has advised on more than 150 transactions across a wide range of industries. Bill remains active in the greater Milwaukee community, serving as a board member of several Wisconsin-based organizations and a shareholder in a number of privately held businesses.

Bill’s extensive experience gives him a unique perspective on both the advisory and operational sides of businesses, allowing him to provide thoughtful, senior-level guidance to business owners, management teams, and investors. Bill remains actively involved in all aspects of client engagements, ensuring each process benefits from his deep industry knowledge and leadership.

Prior to entering investment banking, Bill spent several years with U.S. Bank Capital Markets where he personally arranged over $200MM in structured finance transactions. Bill earned his Masters Degree in accounting and received a BBA in finance from the University of Wisconsin-Milwaukee and has passed the CPA exam.

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