D.A. Davidson Acts as Financial Advisor in a Management Buyout and Debt Financing for Best Choice Products

June 10, 2024

D.A. Davidson & Co. announced today that it served as financial advisor to Ben Shidla, CEO of Best Choice Products (“BCP” or the "Company”), in his successful buyout of remaining equity from selling shareholders.

Headquartered in Orange County, CA, Best Choice Products is one of the largest single-brand marketplace sellers in ecommerce today, generating over half a billion of sales annually. BCP develops popular, best-selling, elevated products with up-to-date selections that offer everyone in the family something to love.

D.A. Davidson served as financial advisor to Mr. Shidla, structured and arranged the financing for the transaction. J.P. Morgan provided the debt financing for the transaction.

According to Mr. Shidla, "This transaction serves as another key moment in the BCP story and will enable us to continue scaling and enhancing the business. D.A. Davidson was instrumental in providing consistent and trusted counsel, industry knowledge, and debt advisory acumen to allow for an ideal outcome."

"We are thrilled to have advised Ben through this significant transaction," said Joe Schimmelpfennig, Head of Consumer Investment Banking at D.A. Davidson. "This is another example of D.A. Davidson’s expertise in advising leading ecommerce businesses, and it’s always great to work with a local Orange County company. We are excited for BCP’s evolution, and will continue supporting Ben as he quickly drives BCP further."

"Our team drew on previous experience partnering with high-growth, branded consumer clients to develop a creative loan structure that generated proceeds for the acquisition while continuing to support BCP’s rapid growth," said Clinton Miyazono, Managing Director at D.A. Davidson. "We appreciate Ben trusting us with this critical milestone and are thrilled to deliver another successful outcome for D.A. Davidson’s Debt Advisory and Consumer practices."

D.A. Davidson’s Consumer Investment Banking Group has an established reputation advising preeminent brands through leveraging its deep industry knowledge, broad range of capabilities and unparalleled commitment from its senior professionals, who lead each client engagement. Our team’s long-standing relationships, active industry involvement, reputation of strong sector expertise and storied transaction history of working with leading consumer companies has equipped us with an intimate knowledge of the industry and the underlying dynamics that drive it. The Consumer Group has extensive experience serving middle-market companies across a broad spectrum of consumer segments such as consumer products, ecommerce and marketplaces, consumer & business services, and food & beverage. Our team's continued leadership in mergers and acquisitions, complemented by a veteran debt advisory practice, allows D.A. Davidson’s Consumer team to provide comprehensive debt and equity solutions to clients across a variety of specialized subsectors within each of its core segments.

About D.A. Davidson Companies

D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions and municipalities nationwide. Founded in 1935 with corporate headquarters in Great Falls, Montana, and regional headquarters in Denver, Los Angeles, New York, Omaha and Seattle, the company has approximately 1,600 employees and offices in 29 states.

Subsidiaries include: D.A. Davidson & Co., a full-service investment firm providing wealth management, investment banking, equity and fixed income capital markets services, and advice; Davidson Investment Advisors, a professional asset management firm; and D.A. Davidson Trust Company, a trust and wealth management company.