M&A Deal Summary

TruArc Partners Acquires Teasdale Latin Foods

On October 29, 2014, private equity firm TruArc Partners acquired food company Teasdale Latin Foods from Palladium Equity Partners

Acquisition Highlights
  • This is TruArc Partners’ 2nd transaction in the Food sector.
  • This is TruArc Partners’ 15th transaction in the United States.
  • This is TruArc Partners’ 5th transaction in California.

M&A Deal Summary

Date 2014-10-29
Target Teasdale Latin Foods
Sector Food
Buyer(s) TruArc Partners
Sellers(s) Palladium Equity Partners
Deal Type Secondary Buyout
Advisor(s) Harris Williams & Co. (Financial)

Target

Teasdale Latin Foods

Atwater, California, United States
website
Teasdale Latin Foods is a provider of private label and branded bean and hominy products to the retail, foodservice, and wholesale channels. Teasdale offers a full selection of products including conventional and organic varieties.

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Buyer(S) 1

Buyer

TruArc Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2005
PE ASSETS 2.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

TruArc Partners is a private equity firm that invests in small to mid-market companies throughout North America. The Firm seeks to invest $50 to $150 million in companies valued between $100 and $500 million. TruArc Partners will consider a variety of transaction types, including leveraged acquisitions, build-ups, recapitalizations, restructurings and growth equity commitments. TruArc Partners was formerly known as Snow Phipps Group. The Firm was established in 2005 and is based in New York City.


DEAL STATS #
Overall 15 of 33
Sector (Food) 2 of 3
Type (Secondary Buyout) 6 of 17
State (California) 5 of 7
Country (United States) 15 of 32
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-29 FeraDyne Outdoors

Cartersville, Georgia, United States

FeraDyne Outdoors designs, manufactures and markets a range of innovative category products for the bowhunting and archery markets. FeraDyne offers an extensive portfolio of patent-protected products such as Rage and Muzzy broadheads, Nockturnal lighted nocks, Tru-Fire releases, Block, Glen Del, Shooter Buck and Hurricane targets, and IQ and Sure-Loc bowsights, all of which are designed to enhance the performance of archers in the field and on the range.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-24 Cascade Drilling

Bothell, Washington, United States

Cascade Drilling is a provider of environmental and geotechnical services. Cascade’s services include track and truck-mounted sonic, air and mud rotary, auger, wire-line coring, and direct push drilling. Cascade Drilling was founded in 1991 and is based in Bothell, Washington.

Buy -

Seller(S) 1

SELLER

Palladium Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Palladium Equity Partners is a private equity firm that looks to invest in businesses focused on the US Hispanic marketplace. Target sectors include business services, financial services, consumer/retail, food/restaurants, healthcare, manufacturing, and media. Palladium's target investment size is $50 to $150 million with an EBITDA of $10 to $75 million. The Firm will consider investing in mature, stable businesses as well as younger companies and turnaround situations. Palladium was formed in 1997 and is based in New York City.


DEAL STATS #
Overall 14 of 24
Sector (Food) 5 of 6
Type (Secondary Buyout) 4 of 8
State (California) 2 of 2
Country (United States) 14 of 24
Year (2014) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 Pronto Insurance

San Antonio, Texas, United States

Pronto General Agency Ltd. is a full-service Managing General Agency (MGA), broker and claims administrator. Pronto's primary business is the placement of personal automobile insurance for consumers throughout Texas, California and Florida, with a special focus on serving the rapidly growing Hispanic market.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-24 Daniel s Jewelers

Culver City, California, United States

Daniel's Jewelers is a specialty jewelry retailer serving the southern and central California markets through a footprint of 73 retail locations. Daniel's Jewelers was formed in 1948 and is based in Culver City, California.

Buy -