M&A Deal Summary

GenNx360 Capital Partners Acquires Whitsons Culinary Group

On September 8, 2021, private equity firm GenNx360 Capital Partners acquired business services company Whitsons Culinary Group

Acquisition Highlights
  • This is GenNx360 Capital Partners’ 2nd transaction in the Business Services sector.
  • This is GenNx360 Capital Partners’ 21st transaction in the United States.
  • This is GenNx360 Capital Partners’ 3rd transaction in New York.

M&A Deal Summary
Date 2021-09-08
Target Whitsons Culinary Group
Sector Business Services
Buyer(s) GenNx360 Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) JMP Securities (Financial)
Burns & Levinson (Legal)

Target

Whitsons Culinary Group

Islandia, New York, United States
website
Whitsons Culinary Group is a provider of dining services to consumers and public and private organizations throughout the Northeast. Whitsons services include school nutrition, residential and healthcare dining, prepared meals, and emergency dining. Whitsons Culinary Group is based in Islandia, New York.

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Buyer(S) 1

Buyer

GenNx360 Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2006
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GenNx360 Capital Partners is a private equity firm focused on acquiring mid-sized US-based businesses. GenNx360 targets companies with revenues between $50 and $500 million and $5 to $35 million of EBITDA. The Firm looks to invest $25 to $100 million per transaction. Specific areas of interest include industrial water treatment, specialty chemicals/engineered materials, industrial machinery/equipment components, agriculture products and services, global transportation component parts, aerospace/defense, oil/gas services and business services. GenNx360 Capital Partners was formed in 2006 and is based in New York City.

DEAL STATS #
Overall 23 of 26
Sector (Business Services) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 10 of 10
State (New York) 3 of 3
Country (United States) 21 of 24
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 Syncreon

Cloghran, Ireland

Syncreon is an asset-light global logistics company that facilitates the integration of customers’ supply chains and the final delivery of finished products to their end customers.

Sell $1.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 CRS Temporary Housing

Phoenix, Arizona, United States

CRS Temporary Housing is a tech-enabled outsourced services platform providing end-to-end temporary housing solutions for policyholders on behalf of insurance carriers. The Company assists policyholders in times of crisis, ensuring they have adequate shelter immediately after being displaced from their residence. CRS sources a wide variety of hotel and housing accommodations as well as furniture and housewares to meet the unique needs of each policyholder. CRS Temporary Housing was established in 1989 and is based in Phoenix, Arizona.

Sell -
Mergr

Product

Company

Legal