M&A Deal Summary

Flowers Foods Acquires Dave s Killer Bread

On September 14, 2015, Flowers Foods acquired food company Dave s Killer Bread from Goode Partners for 275M USD

Acquisition Highlights
  • This is Flowers Foods’ 9th transaction in the Food sector.
  • This is Flowers Foods’ 2nd largest (disclosed) transaction.
  • This is Flowers Foods’ 9th transaction in the United States.
  • This is Flowers Foods’ 1st transaction in Oregon.

M&A Deal Summary

Date 2015-09-14
Target Dave s Killer Bread
Sector Food
Buyer(s) Flowers Foods
Sellers(s) Goode Partners
Deal Type Add-on Acquisition
Deal Value 275M USD

Target

Dave s Killer Bread

Milwaukie, Oregon, United States
website
Dave's Killer Bread Co. is a provider of organic sliced bread in the U.S., with 17 varieties of whole grain organic bakery products and widespread distribution across the U.S. and Canada.

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Buyer(S) 1

Buyer

Flowers Foods

Thomasville, Georgia, United States

website


Category Company
Founded 1919
Sector Food
Employees9,200
Revenue 4.8B USD (2022)
DESCRIPTION

Flowers Foods is a producer of fresh packaged bakery foods. Flowers operates bakeries across the country that produce a wide range of bakery products. Flowers Foods was founded in 1919 and is based in Thomasville, Georgia. Flowers Foods was incorporated in 1919 and is based in Thomasville, Georgia.


DEAL STATS #
Overall 9 of 14
Sector (Food) 9 of 14
Type (Add-on Acquisition) 8 of 11
State (Oregon) 1 of 1
Country (United States) 9 of 14
Year (2015) 1 of 2
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-23 Lepage Bakeries

Auburn, Maine, United States

Lepage Bakeries, Inc., is a baking company with efficient operations, high-quality products, strong regional brands, and a solid distribution system serving retail and foodservice customers.

Buy $370M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-13 Alpine Valley Bread

Mesa, Arizona, United States

Alpine Valley Bread Co. is a family-owned producer of certified organic and all natural breads.

Buy $120M

Seller(S) 1

SELLER

Goode Partners

New York, New York, United States

website


Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Goode Partners is a private equity firm that targets investment opportunities with high-growth potential that involve consumer-oriented companies. The firm typically commits between $10 million to $30 million of capital per transaction. Goode seeks companies that have economic considerations, need to generate cash proceeds to mitigate personal risk, are looking to secure equity capital for growth, and are looking to repurchase the ownership of other, inactive shareholders. The firm focuses its investments in consumer related businesses, including; consumer brands and services, retail, restaurants and direct marketing/selling. Goode Partners was founded in 2005 and based in New York City and has an office in Arcadia, California.


DEAL STATS #
Overall 6 of 8
Sector (Food) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Oregon) 1 of 1
Country (United States) 6 of 8
Year (2015) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-10 La Colombe

Philadelphia, Pennsylvania, United States

La Colombe is an independent coffee roaster. The company provides beloved signature blends, exceptional single-origin coffees, and textured canned cold latte. La Colombe owns and operates 32 cafés across Philadelphia, New York, Chicago, Boston, Los Angeles, Austin, and Washington, D.C. La Colombe was founded in 1994 and is based in Philadelphia, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-24 Silver Diner

Rockville, Maryland, United States

Silver Diner owns and operates 15 total locations through two related concepts based on the classic American diner. Silver Diner currently operates 13 Silver Diner restaurants across New Jersey, Maryland, and Virginia and one Silver Diner Airport at BWI. Silver Diner was founded in 1989 and is based in Rockville, Maryland.

Buy -