M&A Deal Summary |
|
|---|---|
| Date | 2018-04-04 |
| Target | Ainsworth Pet Nutrition |
| Sector | Food |
| Buyer(s) | J. M. Smucker |
| Sellers(s) | L Catterton Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 1.9B USD |
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| Category | Company |
|---|---|
| Founded | 1897 |
| Sector | Food |
| Employees | 7,300 |
| Revenue | 8.5B USD (2023) |
J. M. Smucker is a marketer and manufacturer of fruit spreads, retail packaged coffee, peanut butter, shortening and oils, ice cream toppings, sweetened condensed milk, and natural foods products. J. M. Smucker was founded in 1897 and is based in Orrville, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 12 |
| Sector (Food) | 9 of 10 |
| Type (Add-on Acquisition) | 7 of 8 |
| State (Pennsylvania) | 1 of 1 |
| Country (United States) | 11 of 12 |
| Year (2018) | 1 of 1 |
| Size (of disclosed) | 4 of 8 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-11-02 |
Eagle Foods
Orrville, Ohio, United States Eagle Foods is a domestic manufacturer of canned milk, popcorn and other salty snack products. Eagle operates in two stable and growing categories within canned milk and sweetened condensed milk markets. Additionally, Eagle manufactures ready-to-eat popcorn under the brands G.H. Cretors and Popcorn, Indiana, as well as private label popcorn and other salty snack products for a diverse set of retail customers. Eagle Foods is based in Orrville, Ohio. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-07-09 |
Hometown Food
Chicago, Illinois, United States Hometown Food Co. is a U.S. manufacturer and marketer of dry baking mixes, frozen pancakes, frozen waffles, frozen French toast, ready-to-spread frosting, flour, and other baking ingredients under the Pillsbury®, Funfetti®, Hungry Jack®, White Lily®, Jim Dandy®, Martha White®, Arrowhead Mills®, SunSpire®, De Wafelbakkers®, and Birch Benders® brands. Hometown Food Co. was formed in 2018 and is based in Chicago, Illinois. |
Sell | $375M |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1989 |
| PE ASSETS | 30.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
L Catterton is a private equity firm that targets investments in consumer-related companies located throughout North America. L Catterton looks for businesses with identifiable brands and operating in 'defensible and extensible' positions within growth industry segments. Specific sectors of interest include branded consumables, food/beverages, consumer services, restaurants, media and marketing, household durables, specialty retail, mass merchant retail, and luxury/apparel. Prospective transactions include management buyouts, recapitalizations, turnarounds, and growth financings. L Catterton was formed in 1990 and is based in Greenwich, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 49 of 95 |
| Sector (Food) | 6 of 10 |
| Type (Add-on Acquisition) | 20 of 42 |
| State (Pennsylvania) | 2 of 3 |
| Country (United States) | 45 of 72 |
| Year (2018) | 1 of 7 |
| Size (of disclosed) | 1 of 12 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-03-14 |
Airxcel
Wichita, Kansas, United States Airxcel is a designer, manufacturer, and marketer of climate control systems for a variety of specialty end markets including recreational vehicles, telecommunication enclosures, and commercial/industrial applications. The company employees find opportunities to express creativity and innovation, enhance education and be productive team members in a supportive work environment. It conducts its business with respect and regard for its employees, customers, suppliers, financial partners, and communities in which it operates. Airxcel was formed in 1991 and is based in Wichita, Kansas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-04-05 |
Video Equipment Rentals
Glendale, California, United States Video Equipment Rentals is a provider of audio/visual equipment rental and services. Clients in TV, cinema, live music, sports and the corporate world rely on VER for rental equipment. The Company has operations on six continents and is headquartered in Glendale, California. |
Sell | - |
