M&A Deal Summary

Ad Populum Acquires Enesco

On January 6, 2023, Ad Populum acquired distribution company Enesco from Balmoral Funds

Acquisition Highlights
  • This is Ad Populum’s 1st transaction in the Distribution sector.
  • This is Ad Populum’s 1st transaction in the United States.
  • This is Ad Populum’s 1st transaction in Illinois.

M&A Deal Summary

Date 2023-01-06
Target Enesco
Sector Distribution
Buyer(s) Ad Populum
Sellers(s) Balmoral Funds
Deal Type Add-on Acquisition

Target

Enesco

Itasca, Illinois, United States
Enesco is a distributor of products to wide variety of specialty card and gift retailers, home décor boutiques, as well as mass-market chains and direct mail retailers. Enesco was founded in 2007 and is based in Itasca, Illinois.

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Buyer(S) 1

Buyer

Ad Populum

Santa Monica, California, United States

Category Company
Sector Business Services
DESCRIPTION

Ad Populum is a provider of business services. Ad Populum is based in Santa Monica, California.


DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Illinois) 1 of 1
Country (United States) 1 of 1
Year (2023) 1 of 1

Seller(S) 1

SELLER

Balmoral Funds

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Balmoral Funds is a private equity firm which targets recapitalizations, special situations, and acquisitions of small and middle-market companies. Typical investment candidates are located in the US or Canada, undergoing operational challenges with up to $400 million of revenue. Sectors of interest include manufacturing, business services, consumer products, retail, and value-added distribution. The Firm's target investment size is $5 to $40 million. Balmoral Funds was established in 2005 and is based in Los Angeles, California.


DEAL STATS #
Overall 7 of 8
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Illinois) 1 of 1
Country (United States) 7 of 8
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-27 Trecora Resources

Sugar Land, Texas, United States

Trecora Resources is focused on the manufacturing of various specialty petrochemical products and synthetic waxes and the provision of custom processing services. The company's specialty petrochemical products segment is conducted through South Hampton Resources, Inc., a Texas corporation and wholly-owned subsidiary of Texas Oil & Chemical Co. II, Inc. South Hampton owns and operates a specialty petrochemical facility near Silsbee, Texas which produces high purity hydrocarbons and other petroleum based products including isopentane, normal pentane, isohexane, and hexane which may be used in the production of polyethylene, packaging, polypropylene, expandable polystyrene, poly-iso/urethane foams, crude oil from the Canadian tar sands, and in the catalyst support industry. Its petrochemical products are typically transported to customers by rail car, tank truck and iso-container. South Hampton owns all of the capital stock of Gulf State Pipe Line Company, Inc., a Texas corporation, which owns and operates pipelines that connect the South Hampton facility to a natural gas line, to South Hampton’s truck and rail loading terminal and to a major petroleum products pipeline owned by an unaffiliated third party. Trecora Resources was formed in 1967 and is headquartered in Sugar Land, Texas

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-06 KP Aviation

Mesa, Arizona, United States

KP Aviation is an aerospace aftermarket sale and leasing company provides essential aftermarket materials and services, catering. KP Aviation is based in Mesa, Arizona.

Sell -