M&A Deal Summary

Elk Lake Capital Acquires Flying Fish Brewing

On March 11, 2016, family office Elk Lake Capital acquired beverage company Flying Fish Brewing

Acquisition Highlights
  • This is Elk Lake Capital’s 1st transaction in the Beverages sector.
  • This is Elk Lake Capital’s 3rd transaction in the United States.
  • This is Elk Lake Capital’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2016-03-11
Target Flying Fish Brewing
Sector Beverages
Buyer(s) Elk Lake Capital
Deal Type Recapitalization
Advisor(s) Fairmount Partners (Financial)

Target

Flying Fish Brewing

Somerdale, New Jersey, United States
website
Flying Fish Brewing Co. is a beer brewer and producer built in that part of the state. Flying Fish has increased its capacity more than 20x and become the largest of the ever-growing number of craft breweries in the state. The facility boasts sustainability features, to brew beer in the most environmentally friendly way possible. Flying Fish Brewing was founded in 1995 and is based in Somerdale, New Jersey.

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Buyer(S) 1

DESCRIPTION

Elk Lake Capital is an independent, family-owned private investment firm. Elk Lake pursues acquisitions of profitable companies valued between $7.5 and $20 million. Sectors of interest include manufacturing, food, energy, financial services, logistics, and healthcare. The Firm prefers companies with low customer concentration and where management is willing to stay. Elk Lake will not invest in restaurants, retail, advertising, automotive, start-ups, or turnarounds. Elk Lake Capital is based in Scranton, Pennsylvania.


DEAL STATS #
Overall 3 of 3
Sector (Beverages) 1 of 1
Type (Recapitalization) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 3 of 3
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-01 Times-Shamrock Outdoor

Scranton, Pennsylvania, United States

Times-Shamrock Outdoor is an outdoor advertising company with assets in Luzerne County. Times-Shamrock Outdoor can boast of an ever-growing and significant presence in the Lackawanna and Luzerne County markets. Times-Shamrock Outdoor utilizes a unique combination of media: Radio, Newspaper, Digital computing capabilities, and Online Advertising. Times-Shamrock Outdoor is based in Scranton, Pennsylvania.

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