Farol Asset Management Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, Farol Asset Management has acquired 6 companies.

Farol Asset Management’s most common sectors for investment areinformation technology (14%) and internet software and services (9%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (44%) and divestiture (18%). In total, Farol Asset Management has invested in 17 US states and 3 different countries. Its largest (disclosed) acquisition occurred in 2021 when it acquired BlueTriton Brands for $4.3B.

In the last 3 years, Farol Asset Management has exited 1 company. The Firm’s most common exit type is trade sale (58%). Farol Asset Management’s largest (disclosed) exit occurred in 2024 when it sold Transact Campus for $1.5B.

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M&A Summary

  • M&A Total Activity30
    • M&A Buy Activity23
    • M&A Sell Activity7
  • Total Sectors Invested 18
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 19
  • M&A Advisors 1

Farol Asset Management

Farol Asset Management LP

540 Madison Ave, 21st Floor,
New York, New York 10022
United States
(646) 507-5927
www.farolam.com
robazeke@farol-group.com

Farol Asset Management is a private equity firm that looks to match institutional investors with direct investment opportunities. The Firm seeks to commit $5 to $30 million per transaction to support a variety of transaction situations and typically works with opportunities brought to it by private equity firms, fund-less sponsors, entrepreneurs and operating executives. Farol Asset Management was formed in 2011 and is headquartered in New York City.


Investment Criteria

Sectors of Interest: Chemicals, Communications, Consumer Products, Consumer Services, Distribution, Information Technology, Internet Software and Services, Software

Target Transaction Types: Buyout (LBO, MBO, MBI), Consolidation, Growth Capital, Recapitalization, Special Situations/Distressed

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

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size 5 30
Enterprise Value - -
values in millions of USD

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.6/yr) # 15 2 5 - 1 - 23
vol $2.0B $4.3B $6.3B
Sell (0.6/yr) # 4 2 - - - 1 7
vol $510M $1.5B $2.0B
  30

Most Recent M&A

Company Date Value Type
Transact Campus, Inc. 2024-08-15 1.5B USD Trade Sale
Scottsdale, Arizona · www.transactcampus.com
PAK Quality Foods LLC 2023-12-01 - Buyout (LBO, MBO, MBI)
San Angelo, Texas · pakqualityfoods.com
Ministry Brands LLC 2021-11-05 - Divestiture
Lenoir City, Tennessee · www.ministrybrands.com
Lignetics, Inc. 2021-11-01 - Secondary Buyout
Broomfield, Colorado · www.lignetics.com
Pole Star Global 2021-03-01 - Buyout (LBO, MBO, MBI)
London, United Kingdom · www.polestarglobal.com
Total Access Urgent Care 2021-02-17 - Buyout (LBO, MBO, MBI)
Ballwin, Missouri · www.totalaccessurgentcare.com
BlueTriton Brands, Inc. 2021-02-16 4.3B USD Divestiture
Stamford, Connecticut · www.bluetritoncareers.com
AVANTech LLC 2020-10-01 - Buyout (LBO, MBO, MBI)
Columbia, South Carolina · www.avantechllc.com
Pulse Secure LLC 2020-09-28 - Trade Sale
San Jose, California · www.pulsesecure.net
24 Hour Fitness 2020-06-15 - Bankruptcy
San Ramon, California · www.24hourfitness.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Lignetics, Inc. 2021-11-01 Fiber By-Products Corp. 2023-04-17 1
Broomfield, Colorado · www.lignetics.com White Pigeon, Michigan · www.fiberby-products.com
Total Access Urgent Care 2021-02-17 Urgent Care Group 2022-03-15 1
Ballwin, Missouri · www.totalaccessurgentcare.com Brentwood, Tennessee · www.urgentcaregroup.com
Digital River, Inc. 2014-10-23 Digital River World Payments AB 2017-07-17 3
Minnetonka, Minnesota · www.digitalriver.com Stockholm, Sweden · www.drwp.io
Digital River, Inc. 2014-10-23 Mapp Digital US LLC 2015-12-08 2
Minnetonka, Minnesota · www.digitalriver.com San Diego, California · www.mapp.com
Digital River, Inc. 2014-10-23 Beanstream Internet Commerce, Inc. 2015-09-17 1
Minnetonka, Minnesota · www.digitalriver.com Victoria, British Columbia · www.beanstream.com

M&A by Sector

Sector Current # Value All-time # Value
Information Technology 1 (7%) - 3 (13%) -
Food 2 (13%) 932M (15%) 2 (9%) 932M (15%)
Internet Software and Services 2 (13%) 840M (14%) 2 (9%) 840M (13%)
Manufacturing - - 2 (9%) -
Beverages 1 (7%) 4.3B (71%) 1 (4%) 4.3B (68%)
Aerospace - - 1 (4%) 220M (3%)
Apparel/Textiles - - 1 (4%) -
Business Services 1 (7%) - 1 (4%) -
Chemicals 1 (7%) - 1 (4%) -
Communications 1 (7%) - 1 (4%) -
Consumer Services - - 1 (4%) -
Distribution 1 (7%) - 1 (4%) -
Environmental 1 (7%) - 1 (4%) -
Forest Products 1 (7%) - 1 (4%) -
Healthcare Services 1 (7%) - 1 (4%) -
Machinery 1 (7%) - 1 (4%) -
Plastics 1 (7%) - 1 (4%) -
Software - - 1 (4%) -
Total 15 $6.1B 23 $6.3B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 14 (93%) 6.1B (100%) 21 (91%) 6.3B (100%)
  California - - 3 (13%) -
  Texas 2 (13%) - 2 (9%) -
  Arizona 1 (7%) - 2 (9%) -
  Connecticut 1 (7%) 4.3B (71%) 1 (4%) 4.3B (68%)
  New Jersey 1 (7%) 932M (15%) 1 (4%) 932M (15%)
  Minnesota 1 (7%) 840M (14%) 1 (4%) 840M (13%)
  Arkansas 1 (7%) - 1 (4%) -
  Tennessee 1 (7%) - 1 (4%) -
  South Carolina 1 (7%) - 1 (4%) -
  Pennsylvania 1 (7%) - 1 (4%) -
  Missouri 1 (7%) - 1 (4%) -
  Louisiana 1 (7%) - 1 (4%) -
  Illinois 1 (7%) - 1 (4%) -
  Colorado 1 (7%) - 1 (4%) -
  Washington - - 1 (4%) 220M (3%)
  New York - - 1 (4%) -
  Kansas - - 1 (4%) -
United Kingdom 1 (7%) - 1 (4%) -
Canada - - 1 (4%) -
  Quebec - - 1 (4%) -
Total 15 $6.1B 23 $6.3B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 7 (47%) - 10 (43%) 220M (3%)
Divestiture 2 (13%) 4.3B (71%) 4 (17%) 4.3B (68%)
Secondary Buyout 2 (13%) - 4 (17%) -
Going Private 2 (13%) 1.8B (29%) 2 (9%) 1.8B (28%)
Growth Capital 2 (13%) - 2 (9%) -
Recapitalization - - 1 (4%) -
Total 15 $6.1B 23 $6.3B

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 3 (43%) 2.0B (100%)
Secondary Sale 2 (29%) -
Bankruptcy 1 (14%) -
Trade Sale 1 (14%) -
Total 7 $2.0B

Top M&A Advisors

Legal Deals
Milbank
 1

Deal Values

buy # Total
> $1B 1 $4.3B
$100M to $1B 3 $2.0B
TOTAL $6.3B
Largest BlueTriton Brands, Inc.
$4.3B (2021-02-16)
sell # Total
> $1B 1 $1.5B
$100M to $1B 1 $510M
TOTAL $2.0B
Largest Transact Campus, Inc.
$1.5B (2024-08-15)

M&A Connections

Deals
Acquired from
Investor(s)
22%
5 (22%)
Strategic(s)
17%
4 (17%)
Exited to
Investor(s)
29%
2 (29%)
Strategic(s)
57%
4 (57%)

Investor Summary

Investor Type

Private Equity Firm

Size

Middle-Market

Established

2011

Specialist/Generalist

Generalist

Leadership

Robert Azeke

Founder & Managing Partner

Douglas Kelly

Partner

Lindsay Finan

Vice President

FAQ

When was Farol Asset Management founded?

Farol Asset Management was founded in 2011.

What type of investor is Farol Asset Management?

Farol Asset Management is a private equity firm.

Where is Farol Asset Management headquartered?

Farol Asset Management is headquartered in New York, New York.

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