Goldner Hawn Johnson & Morrison Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Goldner Hawn Johnson & Morrison has acquired 2 companies.

Goldner Hawn Johnson & Morrison’s most common sectors for investment aremanufacturing (12%) and food (7%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (49%) and stake purchase (21%). In total, Goldner Hawn Johnson & Morrison has invested in 17 US states. Its largest (disclosed) acquisition occurred in 2001 when it acquired Michael Foods for $600M.

In the last 3 years, Goldner Hawn Johnson & Morrison has exited 6 companies. The Firm’s most common exit type is trade sale (52%). Goldner Hawn Johnson & Morrison’s largest (disclosed) exit occurred in 2003 when it sold Michael Foods for $1.1B.

Join Mergr to view Goldner Hawn Johnson & Morrison’s full profile and discover more middle-market private equity firms just like it.

M&A Summary

  • M&A Total Activity74
    • M&A Buy Activity43
    • M&A Sell Activity31
  • Total Sectors Invested 25
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 25
  • M&A Advisors 2

Goldner Hawn Johnson & Morrison

3700 Wells Fargo Center, 90 South 7th Street,
Minneapolis, Minnesota 55402
United States
www.ghjm.com
brass@ghjm.com

Goldner Hawn Johnson & Morrison (GHJ&M) is a private equity firm that targets middle market companies in the Midwest US. GHJ&M generally looks for businesses valued between $20 and $150 million and looks to invest between $10 to $25 million of equity capital per transaction. Sectors of interest include agribusiness, food, power generation, basic materials, medical products, consumer products, retail, restaurants, consumer services, business services, and industrials. GHJ&M prefers control investments, but in certain instances, the Firm will also consider minority positions. GHJ&M was formed in 1989 and is based in Minneapolis, Minnesota.


Investment Criteria

Sectors of Interest: Agriculture, Automotive, Beverages, Building Materials, Business Services, Chemicals, Consumer Products, Consumer Services, Distribution, Energy Services and Equipment, Engineering, Financial Services, Food, Furniture, Machinery, Manufacturing, Oil/Gas Exploration, Plastics, Restaurants, Retail, Test/Measurement Equipment, Transportation

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Recapitalization, Stake Purchase

Geographic Preferences: East US, Midwest US, South US, West US

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 5 15
Investment Size 10 25
Enterprise Value 20 150
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.6/yr) # 40 1 1 - 1 - 43
vol $672M $672M
Sell (1.2/yr) # 25 - 1 3 - 2 31
vol $2.2B $113M $2.3B
  74

Most Recent M&A

Company Date Value Type
North America Central School Bus LLC 2021-08-02 - Secondary Buyout
Joliet, Illinois · www.northamericacentral.com
Applied Products, Inc. 2021-03-16 - Secondary Buyout
Minnetonka, Minnesota · www.appliedadhesives.com
Concept Machine Tool Sales, LLC. 2020-03-12 - Recapitalization
Minneapolis, Minnesota · www.conceptmachine.com
Cameron's Coffee and Distribution Co. 2019-09-18 113M USD Add-on Acquisition
Shakopee, Minnesota · www.cameronscoffee.com
Stellar Materials LLC 2019-06-17 - Add-on Acquisition
Whitmore Lake, Michigan · www.thermbond.com
Quest Events LLC 2019-01-08 - Secondary Buyout
Frisco, Texas · www.questevents.com
CTM Group, Inc. 2018-12-03 - Secondary Buyout
Salem, New Hampshire · www.ctmgroupinc.com
Trystar 2018-10-25 - Recapitalization
Faribault, Minnesota · www.trystar.com
Applied Products, Inc. 2017-03-24 - Buyout (LBO, MBO, MBI)
Minnetonka, Minnesota · www.appliedadhesives.com
Universal Turbine Parts LLC 2016-07-22 - Secondary Buyout
Prattville, Alabama · www.utpparts.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Manufacturing 1 (20%) - 5 (12%) -
Food - - 3 (7%) 600M (89%)
Retail - - 3 (7%) -
Transportation - - 3 (7%) -
Automotive - - 2 (5%) -
Building Materials - - 2 (5%) -
Chemicals - - 2 (5%) -
Consumer Products 1 (20%) - 2 (5%) -
Consumer Services - - 2 (5%) -
Distribution 1 (20%) - 2 (5%) -
Machinery - - 2 (5%) -
Restaurants - - 2 (5%) -
Life Science - - 1 (2%) 72M (11%)
Agriculture - - 1 (2%) -
Apparel/Textiles - - 1 (2%) -
Beverages - - 1 (2%) -
Electrical Equipment 1 (20%) - 1 (2%) -
Energy Services and Equipment - - 1 (2%) -
Financial Services - - 1 (2%) -
Forest Products - - 1 (2%) -
Furniture - - 1 (2%) -
Marketing 1 (20%) - 1 (2%) -
Metals/Mining - - 1 (2%) -
Plastics - - 1 (2%) -
Software - - 1 (2%) -
Total 5 - 43 $672M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 5 (100%) - 43 (100%) 672M (100%)
  Minnesota 2 (40%) - 16 (37%) 600M (89%)
  Wisconsin 1 (20%) - 4 (9%) -
  Kansas 1 (20%) - 3 (7%) -
  Ohio - - 3 (7%) -
  Missouri 1 (20%) - 2 (5%) -
  Illinois - - 2 (5%) -
  Colorado - - 2 (5%) -
  North Carolina - - 2 (5%) -
  Pennsylvania - - 1 (2%) 72M (11%)
  Michigan - - 1 (2%) -
  Massachusetts - - 1 (2%) -
  Florida - - 1 (2%) -
  Alabama - - 1 (2%) -
  Texas - - 1 (2%) -
  Tennessee - - 1 (2%) -
  North Dakota - - 1 (2%) -
  New Hampshire - - 1 (2%) -
Total 5 - 43 $672M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 1 (20%) - 21 (49%) 600M (89%)
Stake Purchase - - 9 (21%) -
Recapitalization 3 (60%) - 6 (14%) -
Secondary Buyout 1 (20%) - 4 (9%) -
Growth Capital - - 2 (5%) -
Divestiture - - 1 (2%) 72M (11%)
Total 5 - 43 $672M

Exits by Deal Type

Type Total # Value
Secondary Sale 12 (39%) 1.6B (69%)
Trade Sale 10 (32%) 120M (5%)
Trade Sale - Public Company 7 (23%) 605M (26%)
Bankruptcy 1 (3%) -
Divestiture 1 (3%) -
Total 31 $2.3B

Top M&A Advisors

Financial Deals
Robert W. Baird & Co., Inc.
 1
Legal Deals
Faegre Baker Daniels LLP
 1

Deal Values

buy # Total
$100M to $1B 1 $600M
< $100M 1 $72M
TOTAL $672M
Largest Michael Foods, Inc.
$600M (2001-04-01)
sell # Total
> $1B 1 $1.1B
$100M to $1B 6 $1.2B
< $100M 2 $120M
TOTAL $2.3B
Largest Michael Foods, Inc.
$1.1B (2003-11-01)

M&A Connections

Deals
Acquired from
Investor(s)
9%
4 (9%)
Strategic(s)
2%
1 (2%)
Exited to
Investor(s)
35%
11 (35%)
Strategic(s)
55%
17 (55%)

Investor Summary

Investor Type

Private Equity Firm

Size

Middle-Market

PE Assets

825M USD

Established

1989

Specialist/Generalist

Generalist

Leadership

Tim Johnson

Partner

Darren Herz

CFO

Chad Cornell

Partner

Jason Brass

Partner

Joe Heinen

Partner

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