M&A Deal Summary

Westminster Foods Acquires Westminster Cracker

On July 1, 2015, Westminster Foods acquired food company Westminster Cracker from LaSalle Capital

Acquisition Highlights
  • This is Westminster Foods’ 2nd transaction in the Food sector.
  • This is Westminster Foods’ 2nd transaction in the United States.
  • This is Westminster Foods’ 1st transaction in Vermont.

M&A Deal Summary

Date 2015-07-01
Target Westminster Cracker
Sector Food
Buyer(s) Westminster Foods
Sellers(s) LaSalle Capital
Deal Type Merger

Target

Westminster Cracker

Rutland, Vermont, United States
website
Westminster Cracker Co., Inc. manufactures premium, all-natural oyster crackers, and other baked goods. Its products are served across the country in restaurants and other foodservice establishments and are also sold in retail outlets. Westminster Cracker was founded in 1828 and is based in Rutland, Vermont.

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Buyer(S) 1

Buyer

Westminster Foods

Rutland, Vermont, United States

website


Category Company
Sector Food
DESCRIPTION

Westminster Foods LLC is an all-natural food holding company created through the combination of Westminster Cracker Company, Gold’s Pure Foods, Dr. Lucy’s, LLC and H. Fox & Co. Westminster Cracker Company manufactures premium, all-natural oyster crackers and other snack crackers. Gold’s manufactures all-natural horseradish, mustards and other condiments and sauces. Lucy’s makes gluten-free, allergen-free baked goods and Fox makes chocolate and flavored syrups.


DEAL STATS #
Overall 2 of 2
Sector (Food) 2 of 2
Type (Merger) 2 of 2
State (Vermont) 1 of 1
Country (United States) 2 of 2
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Gold s Pure Foods

Hempstead, New York, United States

Gold's Pure Foods LLC is a manufacturer of all-natural, premium quality fresh horseradish products and specialty mustards, cocktail sauces, and other condiments and sauces. Gold's Pure Foods was founded in 1932 and is based in Hempstead, New York.

Buy -

Seller(S) 1

SELLER

LaSalle Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2003
PE ASSETS 345M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

LaSalle Capital Group is a private investment firm licensed as a SBIC. LaSalle looks to invest in lower middle-market Midwest-based businesses. LaSalle's areas of interest include consumer and industrial products, food processing, for-profit education, business services, packaging and healthcare. LaSalle will not invest in real estate, commodities, oil and gas, and businesses based on rapidly changing technology. Prospective companies typically have revenue between $20 and $100 million and EBITDA greater than $3 million. The Firm's investment horizon is five to seven years. LaSalle Capital Group was formed in 1984 and is based in Chicago, Illinois.


DEAL STATS #
Overall 18 of 31
Sector (Food) 3 of 5
Type (Merger) 1 of 2
State (Vermont) 1 of 1
Country (United States) 16 of 29
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Westminster Foods

Rutland, Vermont, United States

Westminster Foods LLC is an all-natural food holding company created through the combination of Westminster Cracker Company, Gold’s Pure Foods, Dr. Lucy’s, LLC and H. Fox & Co. Westminster Cracker Company manufactures premium, all-natural oyster crackers and other snack crackers. Gold’s manufactures all-natural horseradish, mustards and other condiments and sauces. Lucy’s makes gluten-free, allergen-free baked goods and Fox makes chocolate and flavored syrups.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Paramount Building Solutions

Phoenix, Arizona, United States

Paramount Building Solutions, Inc. is a provider of outsourced janitorial services to the retail industry. The Company currently services over 1,700 individual store locations throughout the United States. Paramount Building Solutions was founded in 2003 and is based in Phoenix, Arizona.

Sell -