M&A Deal Summary

Hawkins Acquires Stauber Performance Ingredients

On January 4, 2016, Hawkins acquired distribution company Stauber Performance Ingredients from ICV Capital Partners and Prospect Capital Management for 157M USD

Acquisition Highlights
  • This is Hawkins’ 2nd transaction in the Distribution sector.
  • This is Hawkins’ largest (disclosed) transaction.
  • This is Hawkins’ 5th transaction in the United States.
  • This is Hawkins’ 1st transaction in California.

M&A Deal Summary

Date 2016-01-04
Target Stauber Performance Ingredients
Sector Distribution
Buyer(s) Hawkins
Sellers(s) ICV Capital Partners
Prospect Capital Management
Deal Type Add-on Acquisition
Deal Value 157M USD

Target

Stauber Performance Ingredients

Fullerton, California, United States
website
Stauber Performance Ingredients, Inc. is a distributor of specialty products and ingredients to the nutritional, food, pharmaceutical, cosmetic and pet care industries.

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Buyer(S) 1

Buyer

Hawkins

Roseville, Minnesota, United States

website


Category Company
Founded 1938
Sector Chemicals
Employees807
Revenue 775M USD (2022)
DESCRIPTION

Hawkins is a manufactures bulk and specialty chemicals for its customers in a wide variety of industries. Hawkins was founded in 1938 and is based in Roseville, Minnesota.


DEAL STATS #
Overall 5 of 12
Sector (Distribution) 2 of 2
Type (Add-on Acquisition) 5 of 12
State (California) 1 of 1
Country (United States) 5 of 12
Year (2016) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-29 The Dumont

Oviedo, Florida, United States

The Dumont Co., Inc. is a water treatment chemical distribution company with seven facilities across the State of Florida. Its primary chemical markets include municipal water and wastewater treatment, private utilities, commercial swimming pools, irrigation water treatment and food processing.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-07-28 American Development of Tennessee

Fayetteville, Tennessee, United States

American Development Corporation of Tennessee, Inc. is a water treatment supplier. American Development Corporation of Tennessee is based in Fayetteville, Tennessee.

Buy -

Seller(S) 2

SELLER

ICV Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1998
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

ICV Capital Partners is a private equity firm focused on making equity investments in US-based middle-market companies. ICV seeks control investments in companies with annual revenues between $25 and $300 million and EBITDA between $10 and $40 million. ICV prefers businesses with existing/proven management and operating in stable industries. Target transactions include non-core divestitures, take-privates, and acquisitions of private companies in partnership with management. ICV Capital Partners was founded in 1998 and has offices in New York and Atlanta, Georgia.


DEAL STATS #
Overall 10 of 14
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 4 of 6
State (California) 1 of 2
Country (United States) 10 of 14
Year (2016) 1 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-02 Coverall North America

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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-11 Consolidated Aviation Services

Jamaica, New York, United States

Consolidated Aviation Services is a provider of an import and export cargo handling services. Cargo Airport Services coordinates the process of transferring and releasing cargo between air carriers and ground transportation providers at major airports.

Sell -
SELLER
DESCRIPTION

Prospect Capital Corporation is a publicly traded mezzanine debt and private equity firm that primarily provides non-control financing to support growth, recapitalizations, acquisitions, and development. Prospect will selectively consider control acquisitions by providing multiple levels of the capital structure. Prospect was initially formed in 1988 and went public 2004. The Firm is based in New York City.


DEAL STATS #
Overall 34 of 47
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 11 of 17
State (California) 4 of 5
Country (United States) 34 of 46
Year (2016) 1 of 5
Size (of disclosed) 11 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-04 Taco Bueno

Farmers Branch, Texas, United States

Taco Bueno is a premium quality, quick-service restaurant chain offering fast-casual quality Mexican cuisine at fast-food price and convenience. Taco Bueno was established in 1967 and headquartered in Farmers Branch, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-11 Consolidated Aviation Services

Jamaica, New York, United States

Consolidated Aviation Services is a provider of an import and export cargo handling services. Cargo Airport Services coordinates the process of transferring and releasing cargo between air carriers and ground transportation providers at major airports.

Sell -