M&A Deal Summary

Post Holdings Acquires American Blanching

On November 3, 2014, Post Holdings acquired food company American Blanching from Ironwood Capital and Taglich Private Equity for 128M USD

Acquisition Highlights
  • This is Post Holdings’ 4th transaction in the Food sector.
  • This is Post Holdings’ 10th largest (disclosed) transaction.
  • This is Post Holdings’ 6th transaction in the United States.
  • This is Post Holdings’ 1st transaction in Georgia.

M&A Deal Summary
Date 2014-11-03
Target American Blanching
Sector Food
Buyer(s) Post Holdings
Sellers(s) Ironwood Capital
Taglich Private Equity
Deal Type Add-on Acquisition
Deal Value 128M USD
Advisor(s) William Blair (Financial)

Target

American Blanching

Fitzgerald, Georgia, United States
website
ABC Peanut Butter LLC is a manufacturer of peanut butter for national brands, private label retail and industrial markets and provides peanut blanching, granulation and roasting services for the commercial peanut industry.

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Buyer(S) 1

Buyer

Post Holdings

St. Louis, Missouri, United States

website

Category Company
Founded 1895
Sector Food
Employees10,420
Revenue 5.9B USD (2022)
DESCRIPTION
Post Holdings' corporate headquarters in St. Louis, Missouri.
Post Holdings' corporate headquarters in St. Louis, Missouri.

Post Holdings is a consumer packaged goods holding company, operating in the center-of-the-store, foodservice, ingredient, refrigerated, active nutrition and private label food categories. Post Holdings was founded in 1895 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 8 of 16
Sector (Food) 4 of 12
Type (Add-on Acquisition) 5 of 11
State (Georgia) 1 of 2
Country (United States) 6 of 13
Year (2014) 7 of 7
Size (of disclosed) 10 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 PowerBar

Glendale, California, United States

PowerBar was created by athletes, for athletes. Company started PowerBar to help athletes reach their goals by providing nutrition tools for optimum athletic performance.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-04 MOM Brands

Lakeville, Minnesota, United States

MOM Brands Co. is a provider of RTE and hot cereal products. MOM Brands has a broad product portfolio, strategically targeting the value segment in branded RTE cereal, private label, and hot wheat and oatmeal.

Buy $1.2B

Seller(S) 2

SELLER

Ironwood Capital

Avon, Connecticut, United States

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 1986
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ironwood Capital is a private investment firm that makes equity and subordinated debt investments in lower middle-market companies. Investment proceeds are generally used to support leveraged buyouts, growth financings, and recapitalizations. Investments typically range from $5 to $20 million in companies generating $20 to $200 million in annual sales. Target sectors include healthcare products/services, value-added manufacturing, business services, consumer products, specialty distribution, and education. Ironwood prefers opportunities East of the Mississippi, but will selectively consider investments in the Western US. The Firm's investment horizon is three to five years. Ironwood Capital was formed in 2002 and is based in Avon, Connecticut.

DEAL STATS #
Overall 13 of 51
Sector (Food) 1 of 2
Type (Add-on Acquisition) 10 of 31
State (Georgia) 1 of 1
Country (United States) 13 of 51
Year (2014) 1 of 2
Size (of disclosed) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-31 Denali Water

Russellville, Arkansas, United States

Denali Water is a specialty waste and environmental services company. Denali Water is based in Russellville, Arkansas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-18 Rostra Tool Company

Branford, Connecticut, United States

Rostra Tool Company is a designer and manufacturer of professional specialty hand crimping tools for the electrical, electronic, telecommunications, cable television, and plumbing markets.

Sell -
SELLER

Taglich Private Equity

New York, New York, United States

website

Category Private Equity Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Taglich Private Equity is a private equity firm focused on investing in US-based, lower middle market manufacturing, business service, and consumer product companies. The Firm prefers businesses with strong growth prospects and leading market positions. Taglich looks to invest $3 to $20 million and will consider funding a variety of investment situations - including management buyouts, recapitalizations, secondary buyouts, ownership transitions, divestitures, and growth capital financings. Taglich Private Equity was formed in 2001 and is based in New York City.

DEAL STATS #
Overall 10 of 17
Sector (Food) 3 of 3
Type (Add-on Acquisition) 4 of 7
State (Georgia) 1 of 1
Country (United States) 10 of 17
Year (2014) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-29 BGSF

Plano, Texas, United States

BGSF provides staffing services to a variety of industries through its various divisions. BG Staffing is primarily a professional temporary staffing platform that has integrated several regional and national brands. BGSF was founded in 2007 and is founded in Plano, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Wholesale Floors

Phoenix, Arizona, United States

Wholesale Floors is a provider of commercial flooring design and installation services for institutional and corporate clients in the greater Phoenix area. Wholesale Floors also distributes flooring products. Wholesale Floors was founded in 1979 and is based in Phoenix, Arizona.

Sell -
Mergr

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