M&A Deal Summary

BRS and The CapStreet Group Acquire Doane Pet Care

On April 1, 1996, private equity firms BRS and The CapStreet Group acquired consumer products company Doane Pet Care

Acquisition Highlights
  • This is BRS’s 1st and The CapStreet Group’s 1st transaction in the Consumer Products sector.
  • This is BRS’s 1st and The CapStreet Group’s 2nd transaction in the United States.
  • This is BRS’s 1st and The CapStreet Group’s 1st transaction in Tennessee.
Investment Fate
  • Doane Pet Care was sold to a consortium of financial buyers in 2005 for 840M USD.
  • Doane Pet Care was sold to a strategic buyer in 2006.

M&A Deal Summary

Date 1996-04-01
Target Doane Pet Care
Sector Consumer Products
Buyer(s) BRS
The CapStreet Group
Deal Type Buyout (LBO, MBO, MBI)

Target

Doane Pet Care

Franklin, Tennessee, United States
Doane Pet Care Company is the largest manufacturer of dry pet food in the United States. The Company manufactures products for both retail customers, including WalMart, and national branded pet food companies. Doane also manufactures and sells its own regional branded products. The Company produces a full range of pet food for both dogs and cats including dry, canned, semi-moist, soft treats and dog biscuits.

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Buyer(S) 2

Buyer

BRS

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BRS is a private equity investment firm that specializes in management buyouts and recapitalizations of middle-market companies with strong market positions and growth potential. Broad areas of interest include consumer products, consumer services, food/nutrition, restaurants, retail, and distribution. BRS looks to commit $10 to $25 million per transaction. BRS was formed in 1995 and is based in New York, New York.


DEAL STATS #
Overall 1 of 46
Sector: Consumer Products M&A 1 of 7
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 19
State: Tennessee M&A 1 of 2
Country: United States M&A 1 of 42
Year: 1996 M&A 1 of 4
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1996-10-01 Restaurant Associates

New York City, New York, United States

Restaurant Associates is a diversified national restaurant operator and contract foodservice provider. Prior to its sale by BRS, the Company operated through three divisions: the Restaurant Division, Charlie Brown's, and Acapulco. The Restaurant Division is comprised of upscale restaurants and foodservice facilities. Charlie Brown's is a family-oriented steak house chain.

Buy -
Buyer

The CapStreet Group

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 650M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

The CapStreet Group is a private equity firm that primarily invests in businesses that were previously owned by entrepreneurs, families or other non-institutional investors. CapStreet typically looks for control investment situations, and has a preference for businesses located in the Southwest US. CapStreet typically invests between $10 million and $25 million of equity in companies valued less than $150 million. The CapStreet Group was formed in 1990 and is based in Houston, Texas.


DEAL STATS #
Overall 2 of 38
Sector: Consumer Products M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 14
State: Tennessee M&A 1 of 1
Country: United States M&A 2 of 38
Year: 1996 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1991-01-01 Independent Propane Co.

Colorado, Texas, United States

Independent Propane is the largest retail propane distributor in Texas and has branch locations in six other states throughout the southern United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1997-01-01 Advantage Outdoor

Abilene, Texas, United States

Advantage Outdoor is an advertisement company operating approximately 5,000 outdoor advertising display faces in markets throughout Texas and surrounding states.

Buy -