M&A Deal Summary

AEA Investors Acquires Jack s

On August 19, 2019, private equity firm AEA Investors acquired restaurant Jack s from Onex Partners

Acquisition Highlights
  • This is AEA Investors’ 1st transaction in the Restaurants sector.
  • This is AEA Investors’ 79th transaction in the United States.
  • This is AEA Investors’ 1st transaction in Alabama.

M&A Deal Summary

Date 2019-08-19
Target Jack s
Sector Restaurants
Buyer(s) AEA Investors
Sellers(s) Onex Partners
Deal Type Secondary Buyout

Target

Jack s

Homewood, Alabama, United States
Jack's is an operator of quick-service restaurants specializing in burgers, fried chicken, made-from-scratch biscuits, crinkle-cut fries, and hand-dipped shakes. Jack's was founded in 1960 and is based in Homewood, Alabama.

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Buyer(S) 1

Buyer

AEA Investors

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 19.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

AEA Investors is a private investment firm focused on investing in and acquiring businesses headquartered primarily in the US, Europe, and China. AEA looks for companies operating in stable to growing industries with a proven ability to generate positive cash-flow. Broad sectors of interest include value-added industrial products/services, specialty chemicals, consumer products, and services. In addition to its primary middle-market private equity fund, AEA maintains additional funds targeted towards mezzanine financing, senior secured debt, and small business buyouts. AEA Investors was formed in 1968 and is based in New York City.


DEAL STATS #
Overall 91 of 118
Sector (Restaurants) 1 of 1
Type (Secondary Buyout) 42 of 54
State (Alabama) 1 of 2
Country (United States) 79 of 103
Year (2019) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-18 Trox

Phoenix, Arizona, United States

Trox is a national distributor of audio visual products primarily serving the K-12 and higher education markets. Trox helps customers simplify purchasing, deployment, and lifecycle management of complex solutions and offers industry-leading warranties and customer support.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-30 BMS Enterprises

Fort Worth, Texas, United States

BMS Enterprises is a large non-franchised provider of property restoration and reconstruction services to commercial and residential end markets in the United States. BMS operates 17 branches across the U.S. and has a national catastrophe team capable of serving large and complex losses around the country. BMS Enterprises was founded in 1948 and is based in Fort Worth, Texas.

Buy -

Seller(S) 1

SELLER

Onex Partners

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 23.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Onex Partners is the private equity investment arm of Onex Corp., a Canadian based public investment and asset management firm that also invests in real estate and credit securities. Onex Partners targets investments in large companies, and ONCAP which invests in smaller middle-market companies. Both groups consider North American businesses in a wide range of industries with a special interest in aerospace, healthcare, and industrial companies. Prospective transaction situations include corporate carve-outs where the firm can leverage restructuring capabilities. Onex Corp. was established in 1984 and is based in Toronto with an additional office in New York City.


DEAL STATS #
Overall 30 of 36
Sector (Restaurants) 1 of 1
Type (Secondary Buyout) 6 of 6
State (Alabama) 1 of 1
Country (United States) 23 of 28
Year (2019) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-31 Wealth Enhancement Group

Plymouth, Minnesota, United States

Wealth Enhancement Group is a comprehensive wealth management firm that provides team-based financial planning, estate planning, retirement income planning, insurance, tax strategies, and investment management services. Wealth Enhancement Group was founded in 1997 and is based in Plymouth, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Survitec Group

London, United Kingdom

Survitec Group is a manufacturer of personal survival equipment for usage after ejecting from aircraft. The Company was originally established in 1920 and is headquartered in London.

Sell -