M&A Deal Summary

King Ranch Acquires Young Pecan

On October 2, 2006, King Ranch acquired food company Young Pecan from Peachtree Equity Partners

Acquisition Highlights
  • This is King Ranch’s 1st transaction in the Food sector.
  • This is King Ranch’s 1st transaction in the United States.
  • This is King Ranch’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2006-10-02
Target Young Pecan
Sector Food
Buyer(s) King Ranch
Sellers(s) Peachtree Equity Partners
Deal Type Add-on Acquisition

Target

Young Pecan

Florence, South Carolina, United States
website
Young Pecan is the processor, packager, marketer and distributor of shelled and in-shell pecans.

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Buyer(S) 1

Buyer

King Ranch

Houston, Texas, United States

website

Category Company
Founded 1853
Sector Food
DESCRIPTION

King Ranch, Inc. is a provider of ranching and farming services in the United States.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1

Seller(S) 1

SELLER

Peachtree Equity Partners

Atlanta, Georgia, United States

Investor Investor Investor Investor

website

Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 170M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Peachtree Equity Partners is a Southeast US based private equity firm that provides non-control equity capital to smaller middle market companies. Peachtree allows business owners to retain control of their companies while accessing capital for growth, acquisitions, or shareholder liquidity. Peachtree's target investment size is $3 to $10 million. Sectors of interest include business services, financial services, government contracting, and specialized manufacturing. Peachtree was formed in 2002 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 5 of 13
Sector (Food) 1 of 1
Type (Add-on Acquisition) 4 of 6
State (South Carolina) 1 of 1
Country (United States) 4 of 12
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-30 Open MRI

Rockville, Maryland, United States

Open MRI is a provider of diagnostic imaging services through its ownership and operation of 13 freestanding, outpatient MRI facilities in Maryland, Pennsylvania, and New York. Open MRI was founded in 2002 and is based in Rockville, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-01 Convergent Resources

Alpharetta, Georgia, United States

Convergent Resources, Inc. is a provider of outsourced accounts receivable management (“ARM”) services to a wide array of industries, including healthcare, utilities, telecommunications and financial services.

Buy -
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