M&A Deal Summary

Kahala Franchising Acquires Tasti D-Lite

On June 2, 2015, Kahala Franchising acquired food company Tasti D-Lite from TruArc Partners

Acquisition Highlights
  • This is Kahala Franchising’s 1st transaction in the Food sector.
  • This is Kahala Franchising’s 5th transaction in the United States.
  • This is Kahala Franchising’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2015-06-02
Target Tasti D-Lite
Sector Food
Buyer(s) Kahala Franchising
Sellers(s) TruArc Partners
Deal Type Add-on Acquisition

Target

Tasti D-Lite

Franklin, Tennessee, United States
website
Tasti D-Lite LLC is a provider of unique low-fat and lower-calorie frozen dairy dessert product sold through its network of retail stores.

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Buyer(S) 1

Buyer

Kahala Franchising

Scottsdale, Arizona, United States

website

Category Company
Sector Restaurants
Employees15
Revenue 5M USD (2001)
DESCRIPTION

Kahala Franchising LLC (Kahala Brands) is a portfolio of 14 quick-service restaurant brands with approximately 2600 locations in over 25 countries including: Cold Stone Creamery®, Blimpie®, TacoTime™, Samurai Sam's Teriyaki Grill®, The Great Steak & Potato Company™, NrGize Lifestyle Cafe™, Surf City Squeeze®,

DEAL STATS #
Overall 5 of 7
Sector (Food) 1 of 1
Type (Add-on Acquisition) 4 of 6
State (Tennessee) 1 of 1
Country (United States) 5 of 7
Year (2015) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-02 Planet Smoothie

Atlanta, Georgia, United States

Planet Smoothie LLC is a franchise of smoothies and all-natural snacks to health-conscious consumers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-03 Maui Wowi Franchising

Greenwood Village, Colorado, United States

Maui Wowi Franchising, Inc. (Maui Wowi Hawaiian) is owns and operates restaurants chains.

Buy -

Seller(S) 1

SELLER

TruArc Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2005
PE ASSETS 2.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

TruArc Partners is a private equity firm that invests in small to mid-market companies throughout North America. The Firm seeks to invest $50 to $150 million in companies valued between $100 and $500 million. TruArc Partners will consider a variety of transaction types, including leveraged acquisitions, build-ups, recapitalizations, restructurings and growth equity commitments. TruArc Partners was formerly known as Snow Phipps Group. The Firm was established in 2005 and is based in New York City.

DEAL STATS #
Overall 6 of 16
Sector (Food) 1 of 2
Type (Add-on Acquisition) 4 of 7
State (Tennessee) 1 of 2
Country (United States) 6 of 16
Year (2015) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-02 Boyd

Modesto, California, United States

Boyd Corp is a designer, manufacturer, marketer, and distributor of extruded, die-cut, and molded flexible rubber and plastic components and sealing systems for industrial applications. The business has a history of design and manufacturing innovation related to sealing systems and applications.

Sell $557M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-06 Kele

Bartlett, Tennessee, United States

Kele is a distributor of commercial HVAC and building automation interface products. Kele provides peripheral control products and services to the building automation systems industry. Kele's product offering includes over 15,000 interface products, including transmitters, sensors, switches, gauges and relays from over 200 manufacturers. Kele was founded in 1983 and is based in Bartlett, Tennessee.

Buy -
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