KarpReilly Mergers and Acquisitions Summary

Private Equity Firm Profile

In the last 3 years, KarpReilly has invested in 2 companies.

KarpReilly’s most common sectors for investment areapparel/textiles (25%) and restaurants (25%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (42%) and growth capital (38%). In total, KarpReilly has invested in 10 US states and 2 different countries. Its largest (disclosed) acquisition occurred in 2003 when it acquired Norcraft Companies for $315M.

The Firm’s most common exit type is trade sale (38%). KarpReilly’s largest (disclosed) exit occurred in 2020 when it sold The Habit Restaurants for $375M.

Join Mergr to view KarpReilly’s full profile and discover more middle-market private equity firm investors just like it.

M&A Summary

  • M&A Total Activity40
    • M&A Buy Activity24
    • M&A Sell Activity16
  • Total Sectors Invested 8
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 8
  • M&A Advisors 3

KarpReilly

KarpReilly LLC

102 Greenwich Ave / 2nd Floor,
Greenwich, Connecticut 06830
United States
(203) 504-9900
www.karpreilly.com
info@karpreilly.com

KarpReilly is a private equity firm focused on partnering with small to mid-size growth companies across a broad range of industries. The Firm looks to commit $10 to $25 million of equity capital per investment. Sectors of interest include building materials, business services, consumer brands, healthcare services, retail, and restaurants. KarpReilly will consider both minority or majority investment positions in transactions that include growth financings, management buyouts, acquisition financings, and recapitalizations. KarpReilly was formed in 2007 and is headquartered in Greenwich, Connecticut.


Investment Criteria

Sectors of Interest: Apparel/Textiles, Beverages, Building Materials, Business Services, Consumer Products, Consumer Services, E-Commerce, Food, Furniture, Healthcare Services, Insurance, Restaurants, Retail

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

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

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

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.4/yr) # 22 - 2 - - - 24
vol $315M $315M
Sell (0.2/yr) # 15 1 - - - - 16
vol $375M $375M
  40

Most Recent M&A

Company Date Value Type
True Collective LLC 2021-11-04 - Growth Capital
Tacoma, Washington · www.truelinkswear.com
CBD Industries, Inc. 2021-01-07 - Growth Capital
Los Angeles, California · www.getpeels.com
The Habit Restaurants, Inc. 2020-01-06 375M USD Trade Sale
Irvine, California · www.habitburger.com
Christy Dawn 2018-02-16 - Growth Capital
Los Angeles, California · www.christydawn.com
Cafe Rio, Inc. 2017-09-07 - Secondary Sale
Salt Lake City, Utah · www.caferio.com
EBL, Inc. 2017-07-18 - Secondary Sale
Torrington, Connecticut · www.eblens.com
Koia 2017-07-17 - Venture
Los Angeles, California · www.drinkkoia.com
KeVita, Inc. 2016-11-22 - Trade Sale
Ventura, California · www.kevita.com
LifeAID Beverage Co. 2016-07-21 - Growth Capital
Santa Cruz, California · www.lifeaidbevco.com
Zola 2016-02-10 - Buyout (LBO, MBO, MBI)
San Francisco, California · www.zolaacai.com
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Apparel/Textiles 5 (50%) - 6 (25%) -
Restaurants 1 (10%) - 6 (25%) -
Beverages 2 (20%) - 4 (17%) -
Retail - - 4 (17%) -
Building Materials - - 1 (4%) 315M (100%)
Consumer Products - - 1 (4%) -
Food 1 (10%) - 1 (4%) -
Franchising 1 (10%) - 1 (4%) -
Total 10 - 24 $315M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 10 (100%) - 22 (92%) 315M (100%)
  California 6 (60%) - 11 (46%) -
  Arizona 1 (10%) - 2 (8%) -
  Connecticut - - 2 (8%) -
  Wyoming 1 (10%) - 1 (4%) -
  Washington 1 (10%) - 1 (4%) -
  New York 1 (10%) - 1 (4%) -
  Minnesota - - 1 (4%) 315M (100%)
  Florida - - 1 (4%) -
  Colorado - - 1 (4%) -
  Utah - - 1 (4%) -
Canada - - 2 (8%) -
  Ontario - - 1 (4%) -
  Alberta - - 1 (4%) -
Domestic 10 (100%) - 22 (92%) 315M (100%)
Cross-border - - 2 (8%) -
Total 10 - 24 $315M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 2 (20%) - 10 (42%) -
Growth Capital 7 (70%) - 9 (38%) -
Secondary Buyout - - 2 (8%) 315M (100%)
Venture 1 (10%) - 2 (8%) -
Recapitalization - - 1 (4%) -
Total 10 - 24 $315M

Exits by Deal Type

Type Total # Value
Secondary Sale 5 (31%) -
Trade Sale 4 (25%) -
Bankruptcy 3 (19%) -
Trade Sale - Public Company 2 (13%) 375M (100%)
IPO 1 (6%) -
Recapitalization 1 (6%) -
Total 16 $375M

Top M&A Advisors

Financial Deals
North Point Advisors LLC
 1
Piper Sandler & Co.
 1
Legal Deals
Ropes & Gray
 2

Deal Values

buy # Total
$100M to $1B 1 $315M
TOTAL $315M
Largest Norcraft Companies, Inc.
$315M (2003-10-22)
sell # Total
$100M to $1B 1 $375M
TOTAL $375M
Largest The Habit Restaurants, Inc.
$375M (2020-01-06)

M&A Connections

Deals
Acquired from
Investor(s)
8%
2 (8%)
Exited to
Investor(s)
38%
6 (38%)
Strategic(s)
38%
6 (38%)

Investor Summary

Investor Type

Private Equity Firm

Size

Middle-Market

PE Assets

500M USD

Established

2007

Specialist/Generalist

Generalist

Leadership

Allan Karp

Co-Founder

Chris Reilly

Co-Founder

Andrew Keating

Partner

Billy Logan

Partner

Hank Spring

Partner

FAQ

When was KarpReilly founded?

KarpReilly was founded in 2007.

What type of investor is KarpReilly?

KarpReilly is a private equity firm.

Where is KarpReilly headquartered?

KarpReilly is headquartered in Greenwich, Connecticut.

How much capital does KarpReilly have under management?

KarpReilly has 500M USD under management.

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