Penfund Mergers and Acquisitions Summary

Private Equity Profile

Penfund’s most common sectors for investment are distribution (24%) and automotive (16%). The Firm’s most common investment types include secondary buyout (36%) and buyout (lbo, mbo, mbi) (32%). In total, Penfund has invested in 10 US states and 2 different countries.

In the last 3 years, Penfund has exited 2 companies. The Firm’s most common exit type is trade sale (50%). Penfund’s largest (disclosed) exit occurred in 2009 when it sold Timothys Coffees of the World for $157M.

Join Mergr to view Penfund’s full profile and discover more large private equity firms just like it.

M&A Summary

  • M&A Total Activity38
    • M&A Buy Activity24
    • M&A Sell Activity14
  • Total Sectors Invested 9
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 20

Penfund

Bay Adelaide Centre, 333 Bay Street, Suite 610,
Toronto, Ontario M5H 2R2
Canada
(416) 865-0707
www.penfund.com

Penfund is a private investment firm that provides equity, junior capital, and alternative financing to Canadian-based middle-market companies with EBITDA of at least C$20 million. Penfund can commit up to C$225 million per transaction. Penfund does not have any industry preferences and its investments are generally used to support growth needs, recapitalization, shareholder liquidity, acquisitions, and buyouts. Penfund was formed in 1979 and is based in Toronto.


Investment Criteria

Sectors of Interest: Aerospace, Automotive, Business Services, Chemicals, Consumer Products, Consumer Services, Distribution, Education, Environmental, Financial Services, Food, Healthcare Services, Insurance, Manufacturing, Plastics, Retail, Software, Technology Hardware, Test/Measurement Equipment

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

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

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA 20 -
Investment Size - 225
Enterprise Value - -
values in millions of CAD

M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.2/yr) # 23 1 - - - - 24
Sell (0.6/yr) # 11 1 2 - - - 14
vol $301M $301M
  38

Most Recent M&A

Company Date Value Type
SureWerx, Inc. 2018-11-02 - Secondary Buyout
Coquitlam, British Columbia · www.jetgroupbrands.com
Mavis Tire Supply Corp. 2018-03-29 - Merger
Millwood, New York · www.mavistire.com
Aveanna Healthcare LLC 2017-03-16 - Consolidation
Atlanta, Georgia · www.aveannahealthcare.com
Pediatric Services of America, Inc. 2017-01-17 - Secondary Buyout
Norcross, Georgia · www.psahealthcare.com
Plews, Inc. 2016-08-15 - Growth Capital
Dixon, Illinois · www.plews-edelmann.com
Give and Go Prepared Foods Corp. 2016-04-29 - Secondary Buyout
Toronto, Ontario · www.giveandgo.com
Forefront Dermatology 2016-02-11 - Secondary Buyout
Manitowoc, Wisconsin · www.forefrontdermatology.com
24-7 Intouch, Inc. 2016-02-09 - Growth Capital
Winnipeg, Manitoba · www.24-7intouch.com
Arrowhead Engineered Products, Inc. 2015-09-01 - Secondary Buyout
Blaine, Minnesota · www.arrowheadepinc.com
Pet Supermarket, Inc. 2015-05-13 - Buyout (LBO, MBO, MBI)
Sunrise, Florida · www.petsupermarket.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
Car Wash Partners, Inc. 2014-08-22 Bush Car Wash - Seven Car Wash Locations 2020-09-18 6
Tucson, Arizona · www.mistercarwash.com Richland, Washington
Aveanna Healthcare LLC 2017-03-16 Maxim Healthcare Services, Inc. - Home Healthcare Division 2019-02-19 4
Atlanta, Georgia · www.aveannahealthcare.com Frederick, Maryland
Caliber Collision Centers 2013-11-20 ABRA Auto Body & Glass LP 2018-12-05 4
Lewisville, Texas · www.calibercollision.com Brooklyn Park, Minnesota · www.abraauto.com
Hopkins Manufacturing Corp. 2011-06-17 Tiger Accessories Group LLC 2018-01-08 3
Emporia, Kansas · www.hopkinsmfg.com Long Grove, Illinois · www.tigeraccessory.com
Aveanna Healthcare LLC 2017-03-16 Epic Health Services, Inc. 2017-03-16 3
Atlanta, Georgia · www.aveannahealthcare.com Dallas, Texas · www.epichealthservices.com
Aveanna Healthcare LLC 2017-03-16 Pediatric Services of America, Inc. 2017-03-16 2
Atlanta, Georgia · www.aveannahealthcare.com Norcross, Georgia · www.psahealthcare.com
Arrowhead Engineered Products, Inc. 2015-09-01 Stens Corp. 2016-11-22 5
Blaine, Minnesota · www.arrowheadepinc.com Jasper, Indiana · www.stens.com
BroadStreet Partners, Inc. 2012-02-07 Bearence Management Group LLC 2015-06-11 1
Columbus, Ohio · www.broadstreetcorp.com West Des Moines, Iowa · www.bearence.com
Hopkins Manufacturing Corp. 2011-06-17 Bell Automotive Products, Inc. 2015-05-14 2
Emporia, Kansas · www.hopkinsmfg.com Scottsdale, Arizona · www.bellautomotive.com
CBI Health Group Ltd. 2011-01-04 We Care Health Services 2013-09-30 1
Toronto, Ontario · www.cbi.ca Toronto, Ontario · www.wecare.ca

M&A by Sector

Sector Current # Value All-time # Value
Distribution 2 (15%) - 6 (24%) -
Automotive 3 (23%) - 4 (16%) -
Healthcare Services 3 (23%) - 4 (16%) -
Retail 1 (8%) - 4 (16%) -
Consumer Services 2 (15%) - 2 (8%) -
Food - - 2 (8%) -
Building Materials - - 1 (4%) -
Business Services 1 (8%) - 1 (4%) -
Insurance 1 (8%) - 1 (4%) -
Total 13 - 25 -

Acquisitions By Geo

State/Country Current # Value All-time # Value
Canada 4 (31%) - 13 (52%) -
  Ontario 3 (23%) - 9 (36%) -
  British Columbia - - 2 (8%) -
  Manitoba 1 (8%) - 1 (4%) -
  Nova Scotia - - 1 (4%) -
United States 9 (69%) - 12 (48%) -
  Texas 1 (8%) - 2 (8%) -
  Georgia 1 (8%) - 2 (8%) -
  Wisconsin 1 (8%) - 1 (4%) -
  Ohio 1 (8%) - 1 (4%) -
  Minnesota 1 (8%) - 1 (4%) -
  Kansas 1 (8%) - 1 (4%) -
  Illinois 1 (8%) - 1 (4%) -
  Florida 1 (8%) - 1 (4%) -
  Arizona 1 (8%) - 1 (4%) -
  New York - - 1 (4%) -
Domestic 4 (31%) - 13 (52%) -
Cross-border 9 (69%) - 12 (48%) -
Total 13 - 25 -

Acquisitions by Deal Type

Type Current # Value All-time # Value
Secondary Buyout 6 (46%) - 9 (36%) -
Buyout (LBO, MBO, MBI) 1 (8%) - 8 (32%) -
Growth Capital 4 (31%) - 5 (20%) -
Consolidation 1 (8%) - 1 (4%) -
Divestiture 1 (8%) - 1 (4%) -
Stake Purchase - - 1 (4%) -
Total 13 - 25 -

Exits by Deal Type

Type Total # Value
Secondary Sale 5 (36%) 144M (48%)
Trade Sale - Public Company 4 (29%) 157M (52%)
Trade Sale 3 (21%) -
Merger 2 (14%) -
Total 14 $301M

Deal Values

sell # Total
$100M to $1B 2 $301M
TOTAL $301M
Largest Timothys Coffees of the World, Inc.
$157M (2009-11-13)

M&A Connections

Deals
Acquired from
Investor(s)
36%
9 (36%)
Strategic(s)
4%
1 (4%)
Exited to
Investor(s)
36%
5 (36%)
Strategic(s)
64%
9 (64%)

Investor Summary

Size

Large

PE Assets

1.8B CAD

Established

1979

Specialist/Generalist

Generalist

Leadership

Adam Breslin

Partner

Jeremy Thompson

Partner

Joe Mattina

Partner

Nicole Fich

Partner

Richard Bradlow

Partner

 Subscribe to unlock this and 161,056
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.1K Private Equity Firms
  • 149K M&A Transactions
  • 157K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.2K M&A Advisors
    (Investment Banks and Law Firms)
  • 47K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Mergr

Product

Company

Legal