M&A Deal Summary

Centre Lane Partners Acquires WOWorks

On June 15, 2015, private equity firm Centre Lane Partners LLC acquired restaurants company WOWorks LLC

Acquisition Highlights
  • This is Centre Lane Partners’ 1st transaction in the Restaurants sector.
  • This is Centre Lane Partners’ 7th transaction in the United States.
  • This is Centre Lane Partners’ 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2015-06-15
Target WOWorks LLC
Sector Restaurants
Buyer(s) Centre Lane Partners LLC
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) SSG Capital Advisors LLC (Financial)

Target

WOWorks LLC

West Conshohocken, Pennsylvania, United States
website
WOWorks was formed with a mission to help guests pursue their passions and live their best lives by serving healthy, nutritious, and flavorful fuel along with first-rate hospitality. WOWorks’ portfolio consists of: Saladworks, the nation’s leading fast-casual salad brand; Frutta Bowls, a unique restaurant franchise serving a variety of superfood bowls, fresh fruit smoothies, oatmeal bowls, and more; Garbanzo Mediterranean Fresh, a popular Mediterranean restaurant concept; and most recently, The Simple Greek, which offers a fresh and healthy take on ancient Greek recipes in a fast-casual setting. WOWorks seeks to drive explosive growth across all of its brands through a variety of channels, both traditional and non-traditional, including ghost kitchens, food trucks, grocery retail, and more. WOWorks is based in West Conshohocken, Pennsylvania.

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Buyer(S) 1

Buyer

Centre Lane Partners LLC

website


Category Private Equity Firm
Founded 2007
SizeSmall
Type Sector Agnostic
DESCRIPTION

Centre Lane Partners is a private investment firm focused on making credit and equity, control and non-control, investments in North American middle-market companies. Centre Lane targets companies with revenues between $20 and $500 million that have leading market positions and sustainable competitive advantages in their respective niches. The Firm does not have any sector preferences and seeks to invest $5 to $250 million per transaction. Centre Lane Partners was formed in 2007 and is headquartered in New York City.


DEAL STATS #
Overall 8 of 17
Sector (Restaurants) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 5
State (Pennsylvania) 1 of 2
Country (United States) 7 of 16
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-26 Easy Gardener Products, Inc.

Waco, Texas, United States

Easy Gardener Products, Inc. is distributor of a wide array of products in the fertilizer, chemical-free weed control, and consumer shade categories. Easy Gardener’s portfolio of brands, including Jobe’s, Weedblock, Landmaster, Sunscreen, and Ross are among the most recognized in the Lawn & Garden industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-02 Coverall North America, Inc.

Boca Raton, Florida, United States

Coverall North America, Inc. is a franchisor of commercial cleaning services. The Coverall network has nearly 8,300 franchise business owners with 43 master owned business locations. Coverall North America was founded in 1985 and is based in Boca Raton, Florida.

Sell -