M&A Deal Summary

Lariat Partners Acquires Northern Seed

On November 13, 2013, private equity firm Lariat Partners acquired food company Northern Seed

Acquisition Highlights
  • This is Lariat Partners’ 1st transaction in the Food sector.
  • This is Lariat Partners’ 2nd transaction in the United States.
  • This is Lariat Partners’ 1st transaction in Montana.
Investment Fate
  • Northern Seed was sold to a publicly-traded strategic buyer in 2019.

M&A Deal Summary
Date 2013-11-13
Target Northern Seed
Sector Food
Buyer(s) Lariat Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Northern Seed

Butte, Montana, United States
website
Northern Seed provides quality seeds, seed treatment, and services to its growers. Northern Seed was founded in 2007 and is based in Butte, Montana.

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Buyer(S) 1

Buyer

Lariat Partners

website

Category Private Equity Firm
Founded 2013
Size Small
Type Sector Agnostic
DESCRIPTION

Lariat Partners is a lower middle-market private equity firm focused on buy-and-build investments of recurring revenue businesses. Target sectors include consumer products, energy and environmental services, food, healthcare services, marine services, safety, and specialty distribution. Prospective companies are generally profitable with $2 to $20 million of EBITDA. Lariat Partners was formed in 2013 and is based in Denver, Colorado.

DEAL STATS #
Overall 2 of 7
Sector (Food) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 3
State (Montana) 1 of 1
Country (United States) 2 of 7
Year (2013) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-05 Varel Energy Solutions

Houston, Texas, United States

Varel Energy Solutions is a manufacturer and supplier of high-quality roller cone and fixed cutter drill bits. The company's proprietary design capabilities, efficient manufacturing, and global sales force uniquely position to provide drill bits that deliver outstanding performance and value to customers. VIES is comprised of three business units: Varel Oil & Gas Drill Bits, Varel Mining, and Downhole Products. Varel Energy Solutions was founded in 1947 and is based in Houston, Texas.

Sell $369M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-25 Subsea

Miami, Florida, United States

Subsea is a provider of underwater vessel maintenance, inspection and repair services to vessel owners and operators within diversified marine transportation and construction sectors. Subsea services include hull and propeller fleet management, underwater wet welding, seal replacement, tunnel thruster repair, azimuth thruster repair, and environmental hull cleaning. The Company provides both routine hull maintenance services to drive fuel efficiencies and highly technical repair solutions allowing vessel operators to reduce dry-docking costs, while keeping the vessel in service. Subsea is headquartered in Miami, Florida.

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