M&A Deal Summary

3 Rivers Capital Acquires Blue Chip Group

On December 1, 2021, private equity firm 3 Rivers Capital acquired food company Blue Chip Group

Acquisition Highlights
  • This is 3 Rivers Capital’s 1st transaction in the Food sector.
  • This is 3 Rivers Capital’s 13th transaction in the United States.
  • This is 3 Rivers Capital’s 1st transaction in Utah.

M&A Deal Summary
Date 2021-12-01
Target Blue Chip Group
Sector Food
Buyer(s) 3 Rivers Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Blue Chip Group

Salt Lake City, Utah, United States
Blue Chip Group produces food and beverage products, including Augason Farms, a pioneering brand in the emergency food preparedness category. Blue Chip Group was founded in 1972 and is based in Salt Lake City, Utah.

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Buyer(S) 1

Buyer

3 Rivers Capital

Pittsburgh, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

3 Rivers Capital is a private equity firm focused on recapitalizations and buyouts of smaller companies located in the Eastern to Mountain West regions of the US. The Firm generally targets businesses with revenues up to $50 million and EBITDA up to $10 million. Target sectors include niche manufacturing, business services, healthcare, and energy. 3 Rivers prefers businesses with high barriers to entry, strong management, and operating in defensible markets. 3 Rivers was formed in 2005 and is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 13 of 15
Sector (Food) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 9 of 10
State (Utah) 1 of 1
Country (United States) 13 of 15
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-03 R3 Wound Care and Hyperbarics

Ft. Worth, Texas, United States

R3 Wound Care and Hyperbarics is a provider of high quality, outpatient wound care clinics, and hyperbaric oxygen therapy (“HBOT”) centers. R3 specializes in treating diabetic ulcers, arterial insufficiency wounds, radiation wounds, and non-diabetic surgical wounds. R3 Wound Care and Hyperbarics is based in Fort Worth, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-01 Gaven Industries

Saxonburg, Pennsylvania, United States

Gaven Industries is involved in designing, manufacturing, and installing radio frequency and magnetic shielding. Gaven's products can be found in thousands of hospitals, universities, research, and government facilities worldwide. Its products are manufactured at the company’s 35,000 square foot facility based 25 miles north of Pittsburgh. Gaven Industries was founded in 1985 and is based in Saxonburg, Pennsylvania.

Buy -
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