M&A Deal Summary

Highlander Partners and Five Points Capital Acquire Bevolution Group

On March 23, 2015, private equity firms Highlander Partners and Five Points Capital acquired beverage company Bevolution Group

Acquisition Highlights
  • This is Highlander Partners’ 2nd and Five Points Capital’s 3rd transaction in the Beverages sector.
  • This is Highlander Partners’ 15th and Five Points Capital’s 54th transaction in the United States.
  • This is Highlander Partners’ 2nd and Five Points Capital’s 2nd transaction in Illinois.
Investment Fate
  • Bevolution Group was sold to a strategic buyer in 2023.

M&A Deal Summary

Date 2015-03-23
Target Bevolution Group
Sector Beverages
Buyer(s) Highlander Partners
Five Points Capital
Deal Type Consolidation

Target

Bevolution Group

Chicago, Illinois, United States
website
Bevolution Group is a manufacturer and supplier of innovative beverage solutions, primarily selling clean label and preservative free smoothie bases, bar and cocktail mixes, juices, concentrates and other related beverage products into the foodservice channel. Bevolution Group was founded in 2015 and is based in Chicago, Illinois.

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Buyer(S) 2

Buyer

Highlander Partners

Dallas, Texas, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2004
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Highlander Partners LP is a private equity firm focuses on making both direct private equity and mezzanine investments in companies located in US and Europe. The firm seeks to target to invest in small and mid-size private companies with strong management teams, fundamentally strong operations and positive cash flows. HP looks to invest $10 to $50 million as an equity and $10 to $25 million in mezzanine financing in companies with revenues of $10 to $500 million and enterprise value up to $100 million. Specific areas of interest include manufacturing, food, healthcare products and services, and healthcare IT, retail and building materials. Types of transaction include buyouts, growth capital, divestitures, consolidation and recapitalization. Highlander Partners LP was formed in 2004 and is based in Dallas, Texas with additional office in Warszawa, Poland.


DEAL STATS #
Overall 19 of 48
Sector (Beverages) 2 of 2
Type (Consolidation) 1 of 2
State (Illinois) 2 of 4
Country (United States) 15 of 34
Year (2015) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-23 Juice Tyme

Chicago, Illinois, United States

Juice Tyme is a manufacturer and seller of juice and beverage concentrates for the foodservice industry in the United States.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-01 SignalPath

Raleigh, North Carolina, United States

SignalPath developes the SignalPath platform, a clinical trial management system (CTMS) that improves the ease, quality and efficiency of conducting clinical research at study sites. SignalPath was founded in 2014 and is based in Raleigh, North Carolina.

Buy -
Buyer

Five Points Capital

Winston-Salem, North Carolina, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Five Points Capital makes both direct private equity and junior capital investments in US-based middle-market companies. Five Points prefers control based investments and will consider opportunities in a variety of industries. For both equity and mezzanine investments, the Firm looks to commit $5 to $25 million of capital in businesses with at least $10 million in sales and $3 million of EBITDA. Five Points Capital was formerly known as BB&T Capital Partners and re-branded in 2015. The Firm was established in 1997 and is based in Winston-Salem, North Carolina.


DEAL STATS #
Overall 54 of 89
Sector (Beverages) 3 of 3
Type (Consolidation) 1 of 2
State (Illinois) 2 of 2
Country (United States) 54 of 89
Year (2015) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-19 AllOver Media

Minneapolis, Minnesota, United States

AllOver Media is a national provider of out of home (“OOH”) advertising execution and logistics services. The Company works with government agencies, companies and marketing agencies to simplify OOH ad placement, helping them place ads in optimal locations. AllOver Media is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-20 Northwest Plan Services

Seattle, Washington, United States

Northwest Plan Services, Inc. is an independent recordkeeper and administrator of retirement plans. The Company provides a comprehensive suite of services for 401(k), profit sharing, defined contribution plans, defined benefit pension plans, and other plan types. In addition to recordkeeping, administration, compliance and participant services, the Company provides consulting, employee communication and actuarial services to a client base ranging from small to medium-sized companies having 50 to 500 employees to large, S&P 500 clients with tens of thousands of employees. Northwest Plan Services was formed in 1994 and is based in Seattle, Washington.

Buy -