M&A Deal Summary

Parkland Acquires M&M Food Market

On January 18, 2022, Parkland acquired food company M&M Food Market from Searchlight Capital Partners

Acquisition Highlights
  • This is Parkland’s 1st transaction in the Food sector.
  • This is Parkland’s 3rd transaction in Canada.
  • This is Parkland’s 1st transaction in Ontario.

M&A Deal Summary
Date 2022-01-18
Target M&M Food Market
Sector Food
Buyer(s) Parkland
Sellers(s) Searchlight Capital Partners
Deal Type Add-on Acquisition

Target

M&M Food Market

Mississauga, Ontario, Canada
website
M&M Food Market is a premium, restaurant-quality frozen food retailer that brings convenient food choices to Canadians. M&M products include delicious and convenient options across virtually every food category including appetizers, prepared meals, seafood, meats and poultry, vegetables, sides, bakery, and desserts, and come in formats ranging from individual portions to family-sized options. M&M Food Market was founded in 1980 and is based in Mississauga, Ontario.

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Buyer(S) 1

Buyer

Parkland

Calgary, Alberta, Canada

website

Category Company
Founded 1977
Sector Oil/Gas Exploration
Employees3,051
Revenue 35.5B CAD (2022)
DESCRIPTION

Parkland is an independent marketers of fuel and petroleum products. It deliver gasoline, diesel, propane, lubricants, heating oil and other high quality petroleum products to motorists, businesses, households and wholesale customers in Canada and the United States. Parkland was founded in 1977 and is based in Calgary, Canada.

DEAL STATS #
Overall 15 of 15
Sector (Food) 1 of 1
Type (Add-on Acquisition) 13 of 13
State (Ontario) 1 of 1
Country (Canada) 3 of 3
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-11 Lynch Energy

Burley, Idaho, United States

Lynch Energy is a supplier and marketer of fuel and petroleum products. Lynch's operations are concentrated in southern and central Idaho. Lynch Energy was established in 1923 and is based in Burley, Idaho.

Buy -

Seller(S) 1

SELLER

Searchlight Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2010
PE ASSETS 860M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Searchlight Capital Partners is a private investment firm founded in 2010. The Firm will invest across the capital structure, including equity and debt and will consider a variety of transaction situations, from simple to complex. Areas of focus include communications, media, information, IT services, business services, financial services, consumer services, consumer products, education, and industrial goods/services. The Firm will consider opportunities across North America and Europe. Searchlight Capital has offices in New York, London, and Toronto.

DEAL STATS #
Overall 7 of 11
Sector (Food) 1 of 1
Type (Add-on Acquisition) 3 of 5
State (Ontario) 2 of 2
Country (Canada) 2 of 2
Year (2022) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-29 Celestyal Cruises

Piraeus, Greece

Celestyal Cruises has fast built an award-winning reputation and earned recognition as the number one choice for cruise travelers to the Greek Islands and East Mediterranean. The company operates two vessels, each one intimate enough to provide guests with a genuine and highly personalized experience. The foundation of the company’s philosophy is built on a unique Greek heritage that combines outstanding hospitality with genuine cultural destination immersion and provides authentic, lifetime experiences both onboard and onshore. Celestyal Cruiseswas formed in 2014 and is based in Piraeus, Greece.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-07 GRP Group

London, United Kingdom

GRP Group is an independent insurance intermediary. GRP operates retail broking, specialist MGA, network, and Lloyd’s businesses, enabling the Group to serve the growing insurance and risk management needs of its clients. GRP Group was founded in 2013 and is based in London, United Kingdom.

Sell -
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