M&A Deal Summary |
|
|---|---|
| Date | 2021-01-25 |
| Target | Pet Supplies Plus |
| Sector | Retail |
| Buyer(s) | Franchise Group |
| Sellers(s) |
Sentinel Capital Partners
Golub Capital Norwest Mezzanine Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 700M USD |
| Advisor(s) | Piper Sandler & Co. North Point Advisors LLC Robert W. Baird & Co., Inc. (Financial) Kramer Levin Naftalis & Frankel LLP (Legal) |
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| Category | Company |
|---|---|
| Founded | 2010 |
| Sector | Consumer Services |
| Employees | 4,758 |
| Revenue | 2.2B USD (2020) |
Franchise Group is a growing North American tax preparation company with over 2,800 stores open in the U.S. and Canada during the 2008 tax season. Franchise Group was founded in 2010 and is based in Virginia Beach, Virginia.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 7 |
| Sector (Retail) | 4 of 5 |
| Type (Add-on Acquisition) | 5 of 7 |
| State (Michigan) | 1 of 1 |
| Country (United States) | 5 of 7 |
| Year (2021) | 1 of 3 |
| Size (of disclosed) | 1 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-28 |
FFO Home
Fort Smith, Arkansas, United States Furniture Factory Outlet (FFO Home) is a furniture retailer that provided the lowest prices to our customers day-in-and-day-out. The company operates 36 retail stores in Arkansas, Missouri, Oklahoma, and Kansas. FFO Home also manufactures bedding under the Comfort Coil and Natural Elements brands. The retailer offers superior value products priced below the competition and distinguishes itself by eschewing the showroom distribution model and allowing consumers to purchase products immediately from on-site inventory. FFO Home was founded in 1984 and is headquartered in Fort Smith, Arkansas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-02-22 |
Liberty Tax
Virginia Beach, Virginia, United States Liberty Tax is a nationwide tax return preparation and related services firm that offers services through online solutions. Liberty Tax was formed in 1997 and is based in Virginia Beach, Virginia. |
Sell | $252M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1995 |
| PE ASSETS | 6.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Sentinel Capital Partners is a private equity firm that targets investments in middle-market companies with strong management and 'attractive growth prospects'. Sentinel looks to invest up to $175 million of equity in companies generating EBITDA of up to $65 million. Sectors of interest include business services/outsourcing, consumer products and services, food and restaurants, franchising, and manufacturing. Prospective transaction situations include management buyouts, recapitalizations, corporate divestitures, take-privates, and growth capital financings. Sentinel Capital Partners was formed in 1995 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 58 of 69 |
| Sector (Retail) | 4 of 4 |
| Type (Add-on Acquisition) | 14 of 17 |
| State (Michigan) | 2 of 2 |
| Country (United States) | 52 of 62 |
| Year (2021) | 1 of 6 |
| Size (of disclosed) | 2 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-11-17 |
GSM Outdoors
Irving, Texas, United States GSM Outdoors specializes in developing and marketing innovative products for the hunting, sport shooting, and rugged outdoor enthusiast market. GSM owns 20+ industry-leading brands including stealth cam, walker’s, muddy outdoors, birchwood casey, hawk, cyclops, western rivers, american hunter, HME, and SME among others. GSM’s strong focus on innovation, product development, rigorous quality control, and customer support has earned it a reputation for delivering top quality outdoor gear backed by industry-leading customer service. GSM Outdoors was founded in 1999 and is based in Irving, Texas. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-02-01 |
MB2 Dental Solutions
Carrollton, Texas, United States MB2 Dental Solutions is a dental service organization that serves as a partner to affiliated dentists and practice owners. MB2 provides affiliated dental offices with a suite of services to help them run dental practices more efficiently, allowing them to focus on providing exceptional patient care at their practice. MB2 Dental Solutions is based in Carrollton, Texas. |
Sell | - |
| Category | Lender |
|---|---|
| Founded | 1994 |
| PE ASSETS | 55.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Golub Capital is a private investment firm focused on making debt and equity investments in US based middle-market companies. Golub looks to invest between $5 and $75 million in businesses with established operating cash flow, strong customer relationships, and 'sustainable proprietary positions in their markets'. Prospective investment structures include refinancings, recapitalizations, buyouts, and growth financings. Sectors of interest include consumer products, business and consumer services, defense, manufacturing, value-added distribution, media, healthcare services and restaurants. Golub Capital was formed in 1994 and maintains offices in New York City, Atlanta, and Chicago.
| DEAL STATS | # |
|---|---|
| Overall | 23 of 41 |
| Sector (Retail) | 2 of 4 |
| Type (Add-on Acquisition) | 9 of 18 |
| State (Michigan) | 1 of 1 |
| Country (United States) | 23 of 39 |
| Year (2021) | 3 of 10 |
| Size (of disclosed) | 2 of 5 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-01-17 |
Groundworks
Virginia Beach, Virginia, United States Groundworks is a vertically integrated foundation services company that serves primarily the single-family residential market, providing a critical suite of services to homeowners that preserve home value, integrity, and safety, including foundation repair, basement waterproofing, crawl space repair and encapsulation, and concrete lifting. Groundworks is based in Virginia Beach, Virginia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-01-28 |
Delinea
San Francisco, California, United States Delinea provider of Privileged Access Management (PAM) solutions for the modern, hybrid enterprise. The Delinea Platform seamlessly extends PAM by providing authorization for all identities, granting access to an organization's most critical hybrid cloud infrastructure and sensitive data to help reduce risk, ensure compliance, and simplify security. Delinea was formed in 2004 and is based in San Francisco, California. |
Sell | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 2.6B USD |
| Size | Large |
| Type | Sector Agnostic |
Norwest Mezzanine Partners (NMP) is an independent investment firm focused on providing junior capital to support transactions initiated by private equity sponsors. NMP looks to commit up to $50 million per investment. Prospective transaction situations can include buyouts, acquisitions, leveraged buildups or consolidations, recapitalizations, and going privates. NMP will consider opportunities in a wide range of industries, including distribution, manufacturing, healthcare, and consumer products. Norwest Mezzanine Partners is affiliated with private equity firm Norwest Equity Partners. NMP was formed in 2000 and is based in Minneapolis, Minnesota.
| DEAL STATS | # |
|---|---|
| Overall | 45 of 53 |
| Sector (Retail) | 1 of 1 |
| Type (Add-on Acquisition) | 21 of 26 |
| State (Michigan) | 4 of 4 |
| Country (United States) | 43 of 51 |
| Year (2021) | 1 of 5 |
| Size (of disclosed) | 5 of 16 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-11 |
Red Monkey Foods
Springfield, Missouri, United States Red Monkey Foods is a provider of organic spices, seasonings, and other natural dry food products. Operating out of a state-of-the-art facility in Springfield, Missouri, the company manages gourmet store brand programs for many of the nation’s largest food, mass, and specialty retailers. Red Monkey Foods was founded in 2002 and is based in Springfield, Missouri. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-02-01 |
recteq
Evans, Georgia, United States recteq is a designer, marketer, and direct seller of premium pellet grills, accessories, and other consumable products. recteq’s continued technology-driven product innovation, direct-to-consumer distribution model, and top-notch customer service position recteq as a premium brand in the pellet grill space. recteq was founded in 2009 and is based in Evans, Georgia. |
Buy | - |
