Boston, MA – Capstone Partners LLC, a leading investment banking firm, announced that it has successfully advised Johnson Creek Enterprises LLC (“JCE”) in the sale of 50% of its ownership to Republic Tobacco LP. The transaction marks Republic Tobacco’s strategic move into the burgeoning electronic cigarette and consumer vaping markets. By joining forces with Republic, Johnson Creek Smoke Juice and accessories will soon be available in thousands of outlets throughout the country.
Founded in 2008, JCE is a leading manufacturer of e-liquids, or Smoke Juice, for use in electronic cigarettes (“e-cigarettes”) as well as e-cigarette hardware and related accessories. Based in Hartland, Wisconsin, JCE is the first and only company to manufacture e-liquids in the U.S. as well as use ingredients sourced solely from U.S.-based companies. JCE was recognized in 2013 as one of the fastest growing privately held companies in America by Inc. magazine and has been featured in Time magazine, The Wall Street Journal, Bloomberg and Business Week.
Republic Tobacco is the nation's largest distributor of roll-your-own and make-your-own tobacco products and accessories. Some of Republic's other brands include Top, Job, Gambler, Drum, Largo and Tube Cut.