M&A Deal Summary

Frontenac Acquires Schlotterbeck & Foss

On September 6, 2017, private equity firm Frontenac acquired food company Schlotterbeck & Foss

Acquisition Highlights
  • This is Frontenac’s 7th transaction in the Food sector.
  • This is Frontenac’s 59th transaction in the United States.
  • This is Frontenac’s 1st transaction in Maine.

M&A Deal Summary
Date 2017-09-06
Target Schlotterbeck & Foss
Sector Food
Buyer(s) Frontenac
Deal Type Recapitalization
Advisor(s) Lincoln International (Financial)
Drummond Woodsum (Legal)

Target

Schlotterbeck & Foss

Westbrook, Maine, United States
website
Schlotterbeck & Foss is a manufacturer of premium sauces, marinades, salsas and condiments sold into the private label retail and foodservice channels. Schlotterbeck & Foss is based in Westbrook, Maine.

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Buyer(S) 1

Buyer

Frontenac

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1971
PE ASSETS 2.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Frontenac is a Midwest US-based private equity firm that seek profitable, lower middle-market company investments with $5 to $25 million of EBITDA. Frontenac typically partners with management when pursuing acquisitions, including companies managed by owner-operators. Sectors of interest include financial services, healthcare services, education/HR services, manufacturing, publishing/media, and technology services. Frontenac was formed in 1971 and is based in Chicago, Illinois.

DEAL STATS #
Overall 61 of 77
Sector (Food) 7 of 9
Type (Recapitalization) 19 of 28
State (Maine) 1 of 1
Country (United States) 59 of 73
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-10 CoCreativ

New York, New York, United States

CoCreativ is a provider of digital capture, production, and post-production services to a diverse client base of advertising agencies, marketing departments, consumer brands and retailers, media and entertainment companies and professional photographers and directors. CoCreativ was founded in 1991 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-03 A.H. Harris Construction Supplies

Hartford, Connecticut, United States

A.H. Harris Construction supplies a high-quality construction products and equipment for contractors, construction companies and government entities in the concrete construction, repair and restoration, road and bridge, rebar and rebar fabrication, waterproofing and glazing markets. It represents 500+ manufacturers and over 13,000 products. A.H. Harris has over 600 experienced team members, a multitude of delivery options and over 50 convenient locations in 12 states.

Sell $380M
Mergr

Product

Company

Legal