M&A Deal Summary

Champlain Financial Acquires Cheticamp Fisheries

On May 24, 2017, private equity firm Champlain Financial acquired food company Cheticamp Fisheries

Acquisition Highlights
  • This is Champlain Financial’s 2nd transaction in the Food sector.
  • This is Champlain Financial’s 10th transaction in Canada.
  • This is Champlain Financial’s 1st transaction in Nova Scotia.

M&A Deal Summary

Date 2017-05-24
Target Cheticamp Fisheries
Sector Food
Buyer(s) Champlain Financial
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Ascendiant Capital Markets LLC (Financial)
Aird & Berlis (Legal)

Target

Cheticamp Fisheries

Cheticamp, Nova Scotia, Canada
website
Cheticamp Fisheries is a seafood processor and wholesale distributor, supplying the finest quality snow crab and lobster to customers in the United States and Asia. Cheticamp Fisheries is based in Cheticamp, Canada.

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Buyer(S) 1

DESCRIPTION

Champlain Financial Corporation is a private equity firm focused on acquiring lower middle-market, profitable ($3 to $20 million of EBITDA) companies throughout Canada. Champlain typically targets businesses with a history of sales growth and clearly differentiated products/services. Broad areas of interest include consumer, retail, distribution, healthcare, and niche manufacturing. Champlain Financial Corporation was established in 2004 and is headquartered in Montreal.


DEAL STATS #
Overall 10 of 20
Sector (Food) 2 of 6
Type (Buyout (LBO, MBO, MBI)) 8 of 14
State (Nova Scotia) 1 of 1
Country (Canada) 10 of 19
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-01 Produits Neptune

Saint-Hyacinthe, Quebec, Canada

Produits Neptune, Inc. is a designer and developer of bathroom products (bathtubs, showers, glass doors, sinks, toilets, and faucets). Produits Neptune is based in Saint-Hyacinthe, Canada.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-07 Maple Treat

Montreal, Quebec, Canada

Maple Treat is a bottler of branded and private label maple syrup company. Maple Treat also sells maple syrup-related products including cookies, maple sugar and maple butter. Maple Treat was founded in 1975 and is based in Montreal, Quebec.

Sell $160M