M&A Deal Summary

Olympus Partners and Antares Capital Acquire G.E.T. Enterprises

On February 16, 2016, private equity firms Olympus Partners and Antares Capital acquired consumer products company G.E.T. Enterprises from ShoreView Industries

Acquisition Highlights
  • This is Olympus Partners’ 2nd and Antares Capital’s 1st transaction in the Consumer Products sector.
  • This is Olympus Partners’ 34th and Antares Capital’s 23rd transaction in the United States.
  • This is Olympus Partners’ 2nd and Antares Capital’s 2nd transaction in Texas.
Investment Fate
  • G.E.T. Enterprises was sold to a strategic buyer in 2018.

M&A Deal Summary

Date 2016-02-16
Target G.E.T. Enterprises
Sector Consumer Products
Buyer(s) Olympus Partners
Antares Capital
Sellers(s) ShoreView Industries
Deal Type Secondary Buyout

Target

G.E.T. Enterprises

Jersey Village, Texas, United States
G.E.T. Enterprises is a provider of premium-quality, creative alternative tabletop solutions to the foodservice industry. G.E.T. Enterprises was founded in 1984 and is based in Jersey Village, Texas.

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Buyer(S) 2

Buyer

Olympus Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 8.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Olympus Partners is a private equity group focused on investing in growth companies with strong management, and positions in their respective markets. The Firm will consider both venture capital and private equity investments and looks to commit $75 to $500 million per transaction. The Firm focuses its investment activities within the business services, healthcare, financial services, consumer, restaurant, software/IT services, and logistics/transportation industries. Olympus Partners was formed in 1988 and is based in Stamford Connecticut.


DEAL STATS #
Overall 35 of 55
Sector: Consumer Products M&A 2 of 4
Type: Secondary Buyout M&A Deals 16 of 31
State: Texas M&A 2 of 5
Country: United States M&A 34 of 53
Year: 2016 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-14 Professional Service Industries

Oakbrook Terrace, Illinois, United States

Professional Service Industries, Inc. is a provider of testing and assurance services to commercial and civil construction markets, with a broad service offering including building materials testing; geotechnical services; and property and environmental assurance.

Sell $330M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-13 Ennis-Flint

Greensboro, North Carolina, United States

Ennis-Flint, Inc. provides reliable and longest-lasting pavement marking and traffic safety solutions around the world. The company helps make roads, airports, and pedestrian areas safer for everyone by allocating considerable resources. Ennis-Flint was founded in 2012 and is based in Greensboro, North Carolina.

Buy -
Buyer

Antares Capital

Miami, Florida, United States

Investor Investor


Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Antares Capital is a private investment group that targets growth capital financings as well as management buyout opportunities. The Firm focuses on investments based in the Southeast US and Texas. Prospective companies generally have proven business models, modest capital requirements for growth, and operate in large and growing markets. The Firm looks to commit $500k to $5 million per investment. Antares will not invest in real estate, mineral exploration, distributors, franchisees, or project financings. Antares was founded in 1993 and is based in Miami, Florida.


DEAL STATS #
Overall 24 of 55
Sector: Consumer Products M&A 1 of 2
Type: Secondary Buyout M&A Deals 14 of 30
State: Texas M&A 2 of 5
Country: United States M&A 23 of 54
Year: 2016 M&A 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-22 Argotec

Greenfield, Massachusetts, United States

Argotec LLC is a manufacturer of thermoplastic polyurethane films used in a wide range of industries and market segments, including automotive paint protection, glass lamination, medical, graphics, textiles, and other industrial applications.

Sell $280M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-15 Alcami

Wilmington, North Carolina, United States

Alcami is a fully-integrated end-to-end contract development and manufacturing organization. Alcami serves pharmaceutical and biotech companies of all sizes providing customizable and innovative solutions for analytical development, clinical to commercial sterile and oral solid manufacturing, packaging, microbiology, cGMP biostorage, environmental monitoring, and pharmaceutical support services. Alcami was founded in 1979 and is based in Wilmington, North Carolina.

Buy -

Seller(S) 1

SELLER

ShoreView Industries


Category Private Equity Firm
Founded 2002
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ShoreView Industries is a middle-market private investment principally focused on partnering with family or entrepreneurial-owned companies. ShoreView will consider a variety of investment situations, including buyouts, leveraged recapitalizations, minority investments, and industry consolidations. Areas of interest include engineered products, distribution, industrial services, business services, and niche consumer products. ShoreView industries was established in 2002 and is headquartered in Minneapolis, Minnesota.


DEAL STATS #
Overall 13 of 30
Sector: Consumer Products M&A 1 of 2
Type: Secondary Buyout M&A Deals 4 of 11
State: Texas M&A 3 of 3
Country: United States M&A 13 of 29
Year: 2016 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-01 Avidity Science

Waterford, Wisconsin, United States

Avidity Science is a designer and manufacturer of automated watering and monitoring solutions for the animal and laboratory research markets. Avidity Science was established in 1969 and is based in Waterford, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-29 MI Windows and Doors

Gratz, Pennsylvania, United States

MI Windows and Doors LLC is a supplier of precision-built and energy-efficient vinyl and aluminum windows and sliding patio doors. The company offers a broad spectrum of products for both the new construction and replacement markets. MI was formed in 1947 and is based in Gratz, Pennsylvania.

Sell -