M&A Deal Summary

Pelican International Acquires Confluence Outdoor

On December 16, 2019, Pelican International acquired consumer products company Confluence Outdoor from J.H. Whitney Capital Partners

Acquisition Highlights
  • This is Pelican International’s 1st transaction in the Consumer Products sector.
  • This is Pelican International’s 1st transaction in the United States.
  • This is Pelican International’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2019-12-16
Target Confluence Outdoor
Sector Consumer Products
Buyer(s) Pelican International
Sellers(s) J.H. Whitney Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Nexsen Pruet (Legal)

Target

Confluence Outdoor

Greenville, South Carolina, United States
website
Confluence Outdoor designs, manufactures, and markets kayaks, canoes, and paddlesports accessories. Confluence Outdoor is the result of the blending of eight unique watersports brands: Wilderness Systems, Perception, Dagger, and Wave Sport kayaks, Mad River Canoe, Adventure Technology paddles, Bomber Gear and Harmony accessories. Confluence Outdoor was founded in 1971 and is based in Greenville, South Carolina.

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Buyer(S) 1

Buyer

Pelican International

Paul-Kane Laval, Quebec, Canada

website

Category Company
Founded 1994
Sector Consumer Products
Employees250
DESCRIPTION

Pelican International, Inc. is a designer and manufacturer of kayaks, stand-up paddleboards, canoes, pedal boats, and fishing boats. Pelican International was founded in 1994 and is based in Paul-Kane Laval, Quebec.

DEAL STATS #
Overall 1 of 2
Sector (Consumer Products) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (South Carolina) 1 of 1
Country (United States) 1 of 2
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-14 Advanced Elements

Concord, California, United States

Advanced Elements develops new and unique paddle sports products that enhance customers’ outdoor experience. Advanced Elements focus is on designing and manufacturing inflatable kayaks with cutting-edge technology and providing customer service. Advanced Elements is based in Concord, California.

Buy -

Seller(S) 1

SELLER

J.H. Whitney Capital Partners

New Canaan, Connecticut, United States

website

Category Private Equity Firm
Founded 1946
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

J.H. Whitney & Co. is a private equity firm focused on small and middle-market buyouts and recapitalizations of US-based, growth-oriented companies. The Firm targets companies with $50 to $500 million in revenue and looks to invest $20 to $125 million per transaction. Industries of interest include consumer, healthcare, specialty manufacturing, and business services. J.H. Whitney & Co. was formed in 1946 and is based in New Canaan, Connecticut.

DEAL STATS #
Overall 20 of 27
Sector (Consumer Products) 2 of 3
Type (Add-on Acquisition) 5 of 8
State (South Carolina) 2 of 2
Country (United States) 19 of 26
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-08 Firebirds Wood Fired Grill

Charlotte, North Carolina, United States

Firebirds International is a contemporary-polished casual restaurant with 48 locations throughout the U.S. Firebirds Wood Fired Grill offers guests a unique dining experience featuring an exposed kitchen with its signature wood-burning grill. Firebirds International was founded in 2000 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-22 Accupac

Mainland, Pennsylvania, United States

Accupac is a provider of outsourced manufacturing and packaging solutions to pharmaceutical and over-the-counter (OTC) personal care product manufacturers. Accupac is a specialist in liquid topical and oral care products, including skin creams, toothpaste, moisturizing lotions, mouthwash, and other personal care products, many of which require FDA approval. Accupac was established in 1974 and is based in Mainland, Pennsylvania.

Sell -
Mergr

Product

Company

Legal