M&A Deal Summary

Novamex Acquires Source Logistics

On May 1, 2016, Novamex acquired transportation company Source Logistics from CVF Capital Partners

Acquisition Highlights
  • This is Novamex’s 1st transaction in the Transportation sector.
  • This is Novamex’s 1st transaction in the United States.
  • This is Novamex’s 1st transaction in California.
Investment Fate
  • Source Logistics was divested to a consortium of buyers in 2023.

M&A Deal Summary
Date 2016-05-01
Target Source Logistics
Sector Transportation
Buyer(s) Novamex
Sellers(s) CVF Capital Partners
Deal Type Add-on Acquisition

Target

Source Logistics

Montebello, California, United States
website
Source Logistics is a provider of value-added warehousing, distribution and fulfillment third-party logistics (3PL) services. Source Logistics was founded in 1999 and is based in Montebello, California.

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Buyer(S) 1

Buyer

Novamex

El Paso, Texas, United States

website

Category Company
Founded 1986
Sector Beverages
DESCRIPTION

Novamex is a food and beverage producer, importers, and distributor of Mexican groceries in the United States and a vehicle for the growth and development of natural and organic beverages. Novamex was founded in 1986 and is based in El Paso, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Transportation) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-02 Source Logistics

Montebello, California, United States

Source Logistics is a provider of value-added warehousing, distribution and fulfillment third-party logistics (3PL) services. Source Logistics was founded in 1999 and is based in Montebello, California.

Sell -

Seller(S) 1

SELLER

CVF Capital Partners

Davis, California, United States

Investor Investor Investor Investor Investor

website

Category Mezzanine Finance Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

CVF Capital Partners is a private investment firm created to provide growth capital for small to mid-sized businesses located in the California Central Valley. CVF looks to commit $3 to $15 million of capital in the form of mezzanine debt to companies with revenues of 5 million, and at least $1 million of cash-flow. CVF funds are generally used to support business expansions, acquisitions, or to refinance. CVF was formed by the principals of Gael Partners. CVF Capital Partners was founded in 2005 and is based in Davis, California.

DEAL STATS #
Overall 10 of 17
Sector (Transportation) 2 of 2
Type (Add-on Acquisition) 6 of 10
State (California) 7 of 12
Country (United States) 10 of 17
Year (2016) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 Paleteria La Michoacana

Modesto, California, United States

Paleteria La Michoacana is a producer, marketer, and distributor of premium ice cream and other fine desserts. The Company is known for its fine quality and methods used to produce its paletas, using natural fruits and ingredients of the highest quality. Paleteria La Michoacana was founded in 2002 and is based in Modesto, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-23 RSP & Associates

Temecula, California, United States

RSP & Associates engages in the litigation support field. Company provide legal discovery services and storage solutions to self-insured employers, third-party administrators and insurance companies throughout the State of California.

Sell -
Mergr

Product

Company

Legal