M&A Deal Summary |
|
|---|---|
| Date | 2016-02-25 |
| Target | North Star Seafood |
| Sector | Food |
| Buyer(s) | Sysco |
| Sellers(s) | Trivest Partners |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 1969 |
| Sector | Distribution |
| Employees | 57,000 |
| Revenue | 68.6B USD (2022) |
Sysco is a distributor of food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. Sysco's family of products also includes equipment and supplies for the foodservice and hospitality industries. Sysco was founded in 1969 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 28 of 36 |
| Sector (Food) | 12 of 13 |
| Type (Add-on Acquisition) | 25 of 33 |
| State (Florida) | 5 of 5 |
| Country (United States) | 23 of 30 |
| Year (2016) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-02-22 |
The Brakes Group
Kent, United Kingdom The Brakes Group is a provider of poultry to caterers in Great Britain. |
Buy | £2.2B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-07-01 |
Supplies on the Fly
Kennesaw, Georgia, United States Supplies on the Fly is an innovative e-commerce platform providing restaurant supplies and equipment. Supplies on the Fly allows Sysco customers to place orders for more than 170,000 products online or by telephone via an e-commerce platform that is fully integrated with Sysco’s business information systems. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1981 |
| PE ASSETS | 4.5B USD |
| Size | Large |
| Type | Sector Agnostic |
Trivest is a private equity firm that invests in North American middle-market corporate acquisitions, recapitalizations, and growth capital financings. For platform investments, sectors of interest include niche manufacturing, value-added distribution, business services, and consumer products/services. The Firm seeks businesses with at least $4 million of EBITDA and valued between $20 and $250 million. Trivest prefers control-based situations but will also consider minority or co-investment opportunities. For add-on opportunities, Trivest will consider companies globally with valuations starting at $1 million. Trivest Partners was formed in 1981 and is based in Coral Gables, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 16 of 34 |
| Sector (Food) | 1 of 1 |
| Type (Add-on Acquisition) | 6 of 12 |
| State (Florida) | 2 of 9 |
| Country (United States) | 13 of 31 |
| Year (2016) | 1 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-01-29 |
IDMWORKS
Coral Gables, Florida, United States IDMWORKS is an identity and access management consultancy with over 600 successful IAM engagements. It deploys and supports the leading IAM technology stacks, provides managed services and database management and migration. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-03-30 |
Take 5 Oil Change
Algiers, Louisiana, United States Take 5 Oil Change LLC provides oil change services for vehicles. Its oil change services include checking air filter, washing windshield, adjusting tires, and checking wiper blades. The company also offers air filter replacement, automatic transmission flush, coolant exchange, nitro tire, and wiper blade replacement services. |
Sell | - |
