M&A Deal Summary

Peninsula Capital Partners and Weave Growth Partners Acquire Strolleria

On January 24, 2022, mezzanine finance firm Peninsula Capital Partners and growth capital firm Weave Growth Partners acquired retailer Strolleria

Acquisition Highlights
  • This is Peninsula Capital Partners’ 2nd and Weave Growth Partners’ 1st transaction in the Retail sector.
  • This is Peninsula Capital Partners’ 118th and Weave Growth Partners’ 3rd transaction in the United States.
  • This is Peninsula Capital Partners’ 4th and Weave Growth Partners’ 1st transaction in Arizona.

M&A Deal Summary

Date 2022-01-24
Target Strolleria
Sector Retail
Buyer(s) Peninsula Capital Partners
Weave Growth Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Strolleria

Scottsdale, Arizona, United States
Strolleria is a multi-channel retailer of high-end baby gear. Strolleria sells high-end baby gear products such as strollers, car seats, high chairs, playards, and related accessories. Strolleria was founded in 2016 and is based in Scottsdale, Arizona.

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Buyer(S) 2

Buyer

Peninsula Capital Partners

Southfield, Michigan, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1995
PE ASSETS 1.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Peninsula Capital Partners is an investment group focused on providing a range of financing solutions to middle-market companies. The Firm is willing to be a minority or control investor and invests across the capital structure. This includes subordinated debt, preferred or common stock. For mezzanine commitments, Peninsula looks to invest $5 to $40 million. For equity transactions, Peninsula looks to invest $2 to $20 million. Peninsula is a generalist investor. Target sectors include manufacturing, industrial service, distribution, consumer products, professional services, retail, applied technology, transportation, food processing and packaging. Peninsula Capital Partners was formed in 1995 and is based in Detroit, Michigan.


DEAL STATS #
Overall 124 of 132
Sector: Retail M&A 2 of 3
Type: Buyout (LBO, MBO, MBI) M&A Deals 63 of 66
State: Arizona M&A 4 of 4
Country: United States M&A 118 of 124
Year: 2022 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 Republic Fire Protection

Fort Myers, Florida, United States

Republic Fire Protection provides fire extinguishers, fire extinguisher inspection services, emergency lighting, fire sprinkler sales & service, & fire protection equipment to the Southeast. Republic Fire Protection is based in Fort Myers, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-14 Seaboard Box

Westminster, Massachusetts, United States

Seaboard Box is the premier provider of folding cartons in the northeastern United States serving customers desiring quality production and highly responsive customer service. Seaboard Box is based in Westminster, Massachusetts.

Sell -
DESCRIPTION

Weave Growth Partners is a growth capital firm focused on businesses with underutilized data and potential for operational improvement. The Firm prefers control positions in profitable companies with at least $15 million of revenue. Sectors of interest include business services, financial services, healthcare services, and technology. In addition to control investments, Weave Growth will consider minority investments if the company has a history of growth and increasing profitability. Weave Growth Partners was formed in 2019 and is headquartered in Redwood City, California.


DEAL STATS #
Overall 3 of 3
Sector: Retail M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: Arizona M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-18 Knack RCM

Woodbridge, New Jersey, United States

Knack RCM is a provider of tech-enabled, end-to-end, and customizable revenue cycle management (RCM) services. Knack RCM was founded in 2007 and is based in Woodbridge, New Jersey.

Buy -