M&A Deal Summary |
|
|---|---|
| Date | 2018-05-16 |
| Target | Carolina Beverage Group |
| Sector | Beverages |
| Buyer(s) | Carolina Beverage Group |
| Sellers(s) |
SunTx Capital Partners
Plexus Capital Triangle Capital |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Cascadia Capital LLC (Financial) Haynes and Boone LLP (Legal) |
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| Category | Company |
|---|---|
| Sector | Beverages |
Carolina Beverage manufacturers its high-quality products out of its three strategically located state-of-the-art manufacturing facilities located in Cold Spring, MN; Mooresville, NC and Fort Worth, TX. With over 650,000 sq. ft. of flexible manufacturing space and 1.7 million sq. ft. of warehouse availability, the company offers a broad range of value-added production services in a variety of packaging options, including plastic and aluminum cans and glass bottles. Carolina Beverage Group is based in Mooresville, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Beverages) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (North Carolina) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2018) | 1 of 1 |
| Category | Private Equity Firm |
|---|---|
| Founded | 2001 |
| PE ASSETS | 600M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
SunTx Capital Partners is a private investment firm that invests in middle-market manufacturing, distribution and service companies based primarily in the Southern regions of the US. Prospective transactions include management buyouts, consolidations, growth equity, recapitalizations, and family successions. Areas of interest include distribution, infrastructure, manufacturing, services, and financial services. SunTx prefers to make control investments. SunTx Capital Partners was formed in 2001 and is based in Dallas, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 8 |
| Sector (Beverages) | 1 of 1 |
| Type (Add-on Acquisition) | 2 of 5 |
| State (North Carolina) | 1 of 1 |
| Country (United States) | 5 of 8 |
| Year (2018) | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-04-23 |
CPI
Dothan, Alabama, United States CPI is a vertically integrated civil infrastructure company operating across five southeastern states, with 35 hot-mix asphalt plants, nine aggregate facilities, and one liquid asphalt terminal. CPI was founded in 1999 and is based in Dothan, Alabama. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-08-09 |
Ranger Offshore
Houston, Texas, United States Ranger Offshore, Inc. is a provider of a sub-sea marine construction services support for the offshore oil and gas energy industries primarily in the U.S. and in the Gulf of Mexico. Headquartered in Houston, Texas, Ranger supports field operations from its base in New Iberia, LA. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 950M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $20 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 28 of 40 |
| Sector (Beverages) | 2 of 2 |
| Type (Add-on Acquisition) | 17 of 23 |
| State (North Carolina) | 5 of 7 |
| Country (United States) | 28 of 40 |
| Year (2018) | 4 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-03-13 |
Freight Force
Anaheim, California, United States Freight Force, Inc. is a one-stop destination for nationwide cartage needs serving air freight forwarders, logistics providers, and other expedited freight companies. Freight Force specializes in first mile and last mile transportation services, facilitating the original pickup or the final delivery of international freight. Freight Force maintains partnerships with local and regional motor carriers in 52 metro areas and serves as a one-stop source for access to reliable, high quality, and specialized capacity across the entire United States. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-06-04 |
Huseby
Charlotte, North Carolina, United States Huseby, Inc. is a national provider of court reporting and litigation support services to law firms and corporate legal departments. Huseby empowers the on-the-go attorney by bringing your office to your mobile device. Huseby, Inc. was founded in 1974 and is based in Charlotte, North Carolina. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2007 |
| Size | Middle-Market |
| Type | Sector Agnostic |
| DEAL STATS | # |
|---|---|
| Overall | 54 of 70 |
| Sector (Beverages) | 1 of 1 |
| Type (Add-on Acquisition) | 26 of 33 |
| State (North Carolina) | 7 of 8 |
| Country (United States) | 53 of 69 |
| Year (2018) | 5 of 12 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-05-06 |
Tate’s Bake Shop
Southampton, New York, United States Tate’s is a premium, consumer branded producer of gourmet cookies and other baked goods marketed throughout the United States. Tate’s has been one of the fastest growing biscuit brands in the United States over the last 12 months. The brand’s sales have quadrupled over the past five years. Tate’s Bake Shop is the home of America’s top-rated chocolate chip cookie, available at grocery stores, gourmet shops and natural food stores nationwide, as well as online. |
Sell | $500M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-05-30 |
FrontStream
Reston, Virginia, United States FrontStream is a provider of software and payment processing solutions that help charities and companies raise money, engage constituents and make a positive impact. FrontStream was established in 2007 and is based in Reston, Virginia. |
Sell | - |
