M&A Deal Summary

Evanston Partners Acquires Avli Foods

On December 1, 2017, private equity firm Evanston Partners acquired restaurant Avli Foods

Acquisition Highlights
  • This is Evanston Partners’ 1st transaction in the Restaurants sector.
  • This is Evanston Partners’ 5th transaction in the United States.
  • This is Evanston Partners’ 3rd transaction in Illinois.

M&A Deal Summary
Date 2017-12-01
Target Avli Foods
Sector Restaurants
Buyer(s) Evanston Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Avli Foods

Chicago, Illinois, United States
website
Avli Foods owns and operates Avli Taverna restaurants in the north side Chicago neighborhoods of Lincoln Park and River North in addition to being sister locations of the original Avli Estiatorio of suburban Winnetka. Avli Foods was founded in 2017 and is based in Chicago, Illinois.

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Buyer(S) 1

Buyer

Evanston Partners

Investor Investor Investor

website

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Evanston Partners is a private equity firm focused on acquiring and investing in low middle-market companies with at least $500K in EBITDA and $5 to $20 million of revenue. Sectors of interest include food, food related manufacturing and distribution, transportation, logistics, packaging, niche consumer products, and consumer services. Evanston Partners is headquartered in Evanston, Illinois.

DEAL STATS #
Overall 5 of 8
Sector (Restaurants) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 4 of 6
State (Illinois) 3 of 4
Country (United States) 5 of 8
Year (2017) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-09 Acadian Kitchens

Broussard, Louisiana, United States

Acadian Kitchens is a producer of Cajun and Creole food products including seasonings, roux, sauces, meal mixes, dry soup fixings, bean mixes, relish, and fish fry. Acadian Kitchens was founded in 2017 and is based in Broussard, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Lockhart Fine Foods

Lockhart, Texas, United States

Lockhart Fine Foods is a manufacturer that produces small batch (1500lbs) of pre-portioned frozen cookie dough for the grocery, foodservice, club, private label, and co-pack markets as well as producing edible cookie doughs both in pint jars and single-serve cups. Lockhart Fine Foods is based in Lockhart, Texas.

Buy -
Mergr

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