M&A Deal Summary

AgriNorthwest Acquires River Point Farms

On January 17, 2017, AgriNorthwest acquired food company River Point Farms from Cambria Group and CIC Partners

Acquisition Highlights
  • This is AgriNorthwest’s 1st transaction in the Food sector.
  • This is AgriNorthwest’s 1st transaction in the United States.
  • This is AgriNorthwest’s 1st transaction in Oregon.

M&A Deal Summary

Date 2017-01-17
Target River Point Farms
Sector Food
Buyer(s) AgriNorthwest
Sellers(s) Cambria Group
CIC Partners
Deal Type Add-on Acquisition

Target

River Point Farms

Hermiston, Oregon, United States
website
River Point Farms is a producer, shipper, and processor of onions; including yellow, white, red, sweet and organic onions. River Point Farms was founded in 2007 and is based in Hermiston, Oregon.

Search 193,092 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

AgriNorthwest

Kennewick, Washington, United States

website


Category Company
Founded 1968
Sector Agriculture
DESCRIPTION

AgriNorthwest is a producer of affordable, reliable, and high-quality food. AgriNorthwest was founded in 1968 and is based in Kennewick, Washington.


DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Oregon) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1

Seller(S) 2

SELLER

Cambria Group

Dallas, Texas, United States

Investor Investor Investor

website


Category Private Equity Firm
Founded 1996
Size Small
Type Sector Agnostic
DESCRIPTION

The Cambria Group is a private equity firm that targets investments in small and mid-sized companies. Cambria prefers control investment situations where the firm can invest up to $5 million in businesses valued less than $25 million. Target companies typically generate sales up to $50 million and operate in the manufacturing, processing, distribution, transportation, or service sectors. Cambria will not invest in retail, technology, or healthcare. The Cambria Group was formed in 1996 and is based in Dallas, Texas.


DEAL STATS #
Overall 13 of 15
Sector (Food) 1 of 1
Type (Add-on Acquisition) 8 of 9
State (Oregon) 1 of 1
Country (United States) 13 of 15
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-15 Eyewitness Surveillance

Hanover, Maryland, United States

Eyewitness Surveillance provides remote, interactive security surveillance and monitoring services to commercial businesses and currently specializes in automotive dealerships. Eyewitness installs digital cameras and a two-way audio system at the client site and then monitors the properties remotely from its in-house central station. Eyewitness Surveillance was founded in 2004 and is based in Hanover, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-12 Polaroid

Waltham, Massachusetts, United States

Polaroid is a provider of consumer products ranging from instant and digital still cameras, 4K high-definition TVs, mobile printers and accessories, apparel and more. Polaroid was founded in 1937 and is based in Waltham, Massachusetts.

Sell -
SELLER

CIC Partners

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1974
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CIC Partners is a lower middle-market private equity firm that targets investments in energy, food service, manufacturing, service, retail, technology, and media companies. CIC looks for businesses generating sales of $10 to $500 million where the firm can invest $5 to $50 million of equity capital, either as a majority or minority position. Prospective transaction situations include management-led buyouts, growth financings, and recapitalizations. CIC Partners is the successor to Cardinal Investment Company's Private Equity Group, originally formed in 1974. CIC Partners is based in Dallas, Texas.


DEAL STATS #
Overall 27 of 29
Sector (Food) 4 of 4
Type (Add-on Acquisition) 8 of 8
State (Oregon) 1 of 1
Country (United States) 26 of 28
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-13 Activa Resources

San Antonio, Texas, United States

Activa Resources is an independent oil and gas company that focuses on the acquisition, development, and exploitation of oil and natural gas properties in the United States. The company owns a portfolio of drilling rights to oil and natural gas projects. The company's management comprises oil industry experts with many years of operational experience at major international oil companies. Activa commenced production of oil and natural gas in 2005 and is based in San Antonio, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-07-25 Pogo Resources

Dallas, Texas, United States

Pogo Resources is an independent oil and gas company that focuses on the acquisition, development, and exploitation of operated and producing oil and natural gas properties in the Permian Basin. Pogo Resources is based in Dallas, TX, and Hobbs, NM.

Buy -