M&A Deal Summary

Arbor Investments Acquires Crown Bakeries

On October 1, 2019, private equity firm Arbor Investments acquired food company Crown Bakeries

Acquisition Highlights
  • This is Arbor Investments’ 12th transaction in the Food sector.
  • This is Arbor Investments’ 26th transaction in the United States.
  • This is Arbor Investments’ 2nd transaction in Tennessee.

M&A Deal Summary
Date 2019-10-01
Target Crown Bakeries
Sector Food
Buyer(s) Arbor Investments
Deal Type Recapitalization
Advisor(s) Harris Williams & Co. (Financial)

Target

Crown Bakeries

Brentwood, Tennessee, United States
website
Crown Bakeries manufactures a diverse line of fresh and frozen bread, baked goods, and dough products for leading food service, food manufacturing, and retail customers. Crown Bakeries was formed in 1996 and is headquartered in Brentwood, Tennessee.

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Buyer(S) 1

Buyer

Arbor Investments

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1999
PE ASSETS 3.2B USD
Size Large
Type Sector Focused
DESCRIPTION

Arbor Investments is a private equity group focused on acquiring profitable, middle-market companies in the food and beverage sector. Arbor considers all areas surrounding the food/beverage and related industries. Specific areas of interest include regional niche branded food products; vegetable, fruit, meat and dairy processors; ethnic food manufacturers and marketers; flavors and ingredients; baked goods; restaurant chains; co-packers for major retailers, foodservice companies; food packaging; grocery and specialty food retailers; and logistics providers to the food and beverage industries. Prospective companies generally lead their markets and are 'low-cost operators' with predictable cash-flows. Arbor Investments was formed in 1999 and has offices in Chicago, New York, and Atlanta.

DEAL STATS #
Overall 27 of 34
Sector (Food) 12 of 17
Type (Recapitalization) 5 of 6
State (Tennessee) 2 of 2
Country (United States) 26 of 31
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 Rubix Foods

Jacksonville, Florida, United States

Rubix Foods is a provider of dairy products and fresh value-added ingredients for national chain restaurants and industrial food manufacturers. Rubix Foods was founded in 1985 and is based in Jacksonville, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-20 Steelite

Staffordshire, United Kingdom

Steelite is a manufacturer, designer, distributor, and supplier of award-winning tabletop and buffet products for the hospitality and foodservice industries. Steelite was founded in 1983 and is based in Staffordshire, United Kingdom.

Buy -
Mergr

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