Stout served as exclusive financial advisor to Aspen Beverage Group in its recapitalization by James Finlay Ltd., a subsidiary of John Swire & Sons. Headquartered in Texas, Aspen Beverage Group has gained a significant presence in the fast-emerging cold brew coffee market. The purchase allows Finlays to leverage Aspen Beverage’s innovative technologies for ingredients extraction and concentration, especially in the cold brew coffee segment, and further expand Finlay’s growing portfolio in the extracts and ingredients business.