M&A Deal Summary

J. M. Smucker Acquires Sahale

On August 6, 2014, J. M. Smucker acquired food company Sahale from Palladium Equity Partners

Acquisition Highlights
  • This is J. M. Smucker’s 6th transaction in the Food sector.
  • This is J. M. Smucker’s 8th transaction in the United States.
  • This is J. M. Smucker’s 1st transaction in Washington.
Investment Fate
  • Sahale was divested to a consortium of strategic buyers in 2023 for 34M USD.

M&A Deal Summary

Date 2014-08-06
Target Sahale
Sector Food
Buyer(s) J. M. Smucker
Sellers(s) Palladium Equity Partners
Deal Type Add-on Acquisition
Advisor(s) Lincoln International (Financial)

Target

Sahale

Seattle, Washington, United States
Sahale is a manufacturer and marketer of premium, branded nut and fruit snack mixes, sold across the US and internationally under the Sahale Snacks brand. Sahale was formed in 2003 and is based in Seattle, Washington.

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Buyer(S) 1

Buyer

J. M. Smucker

Orrville, Ohio, United States

Category Company
Founded 1897
Sector Food
Employees7,300
Revenue 8.5B USD (2023)
DESCRIPTION

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 8 of 12
Sector (Food) 6 of 10
Type (Add-on Acquisition) 5 of 8
State (Washington) 1 of 1
Country (United States) 8 of 12
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-21 Enray

San Ramon, California, United States

Enray is a privately-held company that manufactures and sells organic, gluten-free ancient grain products. The acquisition also includes a leased manufacturing facility in Livermore, Calif.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-03 Big Heart Pet Brands

San Francisco, California, United States

Big Heart Pet Brands is a standalone producer, distributor and marketer of premium quality, branded pet food and pet snacks. The Company’s purpose is to nurture the bond between pets and the people who love them – making every day special. Its portfolio of brands, with a foundation in dog and cat food and treats, strives to cater to every pet life stage and every family’s budget through the availability and accessibility of its products.

Buy $5.8B

Seller(S) 1

SELLER

Palladium Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Palladium Equity Partners is a private equity firm that looks to invest in businesses focused on the US Hispanic marketplace. Target sectors include business services, financial services, consumer/retail, food/restaurants, healthcare, manufacturing, and media. Palladium's target investment size is $50 to $150 million with an EBITDA of $10 to $75 million. The Firm will consider investing in mature, stable businesses as well as younger companies and turnaround situations. Palladium was formed in 1997 and is based in New York City.


DEAL STATS #
Overall 13 of 26
Sector (Food) 4 of 7
Type (Add-on Acquisition) 5 of 10
State (Washington) 1 of 1
Country (United States) 13 of 26
Year (2014) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-04 ABRA Auto Body & Glass

Brooklyn Park, Minnesota, United States

ABRA Auto Body & Glass is a provider of vehicle damage repair services specializing in collision repair, paintless dent removal, and auto glass repair and replacement. ABRA Auto Body & Glass was founded in 1984 and is based in Brooklyn Park, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-01 Pronto Insurance

San Antonio, Texas, United States

Pronto General Agency Ltd. is a full-service Managing General Agency (MGA), broker and claims administrator. Pronto's primary business is the placement of personal automobile insurance for consumers throughout Texas, California and Florida, with a special focus on serving the rapidly growing Hispanic market.

Buy -