M&A Deal Summary

7-Eleven Acquires Wilson Farms

On June 1, 2011, 7-Eleven acquired retailer Wilson Farms from BRS and Audax Private Debt

Acquisition Highlights
  • This is 7-Eleven’s 2nd transaction in the Retail sector.
  • This is 7-Eleven’s 3rd transaction in the United States.
  • This is 7-Eleven’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 2011-06-01
Target Wilson Farms
Sector Retail
Buyer(s) 7-Eleven
Sellers(s) BRS
Audax Private Debt
Deal Type Add-on Acquisition

Target

Wilson Farms

Lexington, Massachusetts, United States
Wilson Farms is an operator of approximately 200 convenience stores under the Wilson Farms and Sugarcreek brands. Wilson's primary products include an extensive line of grocery, frozen and dairy products as well as gasoline in select locations.

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Buyer(S) 1

Buyer

7-Eleven

Dallas, Texas, United States
Category Company
Founded 1927
Sector Franchising
DESCRIPTION

7-Eleven, Inc. operates, franchises, and licenses a chain of convenience stores in the United States and Canada.

DEAL STATS #
Overall 3 of 20
Sector (Retail) 2 of 18
Type (Add-on Acquisition) 3 of 8
State (Massachusetts) 1 of 1
Country (United States) 3 of 18
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-02-24 Global Convenience Investments

Moline, Illinois, United States

Global Convenience Investments owns and operates a convenience store chain under the Mother Hubbard’s Cupboard name, located in the Quad Cities area of Illinois and Iowa. Along with the British Petroleum gasoline it sells to both retail and corporate customers, the stores offer a full array of convenience store items, as well as the convenience of other co-located businesses (Subway, Domino’s, Sprint PCS etc.) In addition, several of the sites have laundry-mats, car washes, and other tenants.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-30 Sam’s Mart Stores

United States

Sam’s Mart Stores comprises 55 gasoline service stations and convenience stores.

Buy -

Seller(S) 2

SELLER

BRS

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BRS is a private equity investment firm that specializes in management buyouts and recapitalizations of middle-market companies with strong market positions and growth potential. Broad areas of interest include consumer products, consumer services, food/nutrition, restaurants, retail, and distribution. BRS looks to commit $10 to $25 million per transaction. BRS was formed in 1995 and is based in New York, New York.

DEAL STATS #
Overall 22 of 35
Sector (Retail) 2 of 4
Type (Add-on Acquisition) 4 of 7
State (Massachusetts) 2 of 2
Country (United States) 21 of 33
Year (2011) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-04 Seroyal International

Richmond Hill, Ontario, Canada

Seroyal International Inc. and Seroyal USA Inc. (together, 'Seroyal') is a leading marketer and distributor of branded nutritional supplements and homeopathic medicines to healthcare professionals in Canada and the U.S.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-13 Il Fornaio

Corte Madera, California, United States

Il Fornaio is an upscale restaurant concept serving creatively prepared, premium-quality Italian cuisine based on authentic regional recipes. Il Fornaio's wholesale bakeries produce over 100 varieties of hand-made breads, pastries and other artisan baked goods for sale at their own locations. Il Fornaio was founded in 1980 and is based in Corte Madera, California.

Sell -
SELLER

Audax Private Debt

New York, New York, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 5.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Mezzanine is the mezzanine finance arm of the Audax Group. The Firm focuses on investing in both private and public, US-based middle market companies with a strong history of cash flows and consistent revenue growth. Audax will consider subordinated mezzanine debt commitments, second lien or junior secured debt, preferred stock and common stock. The Firm seeks to invest in companies valued between $10 and $60 million. Types of transaction include MBOs, LBOs, growth capital financings, acquisition financings, and recapitalizations.

DEAL STATS #
Overall 16 of 51
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 8 of 19
State (Massachusetts) 3 of 5
Country (United States) 16 of 51
Year (2011) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-14 Chromalox

Pittsburgh, Pennsylvania, United States

Chromalox, Inc. is a provider of electrical products, systems and solutions for industrial process heating and temperature management. Chromalox, Inc. was founded in 1915 and is based in Pittsburgh, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 Sunless

Macedonia, Ohio, United States

Sunless is a manufacturer of spray tanning booths, innovative airbrush equipment, proprietary solutions, and professional-grade retail products for the sunless tanning segment of the indoor tanning industry. Sunless is based in Macedonia, Ohio.

Buy -
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