M&A Deal Summary

Antelope Acquires Ark Naturals

On September 7, 2022, Antelope acquired consumer products company Ark Naturals from Azalea Capital

Acquisition Highlights
  • This is Antelope’s 2nd transaction in the Consumer Products sector.
  • This is Antelope’s 4th transaction in the United States.
  • This is Antelope’s 1st transaction in Florida.

M&A Deal Summary
Date 2022-09-07
Target Ark Naturals
Sector Consumer Products
Buyer(s) Antelope
Sellers(s) Azalea Capital
Deal Type Add-on Acquisition
Advisor(s) Lincoln International (Financial)

Target

Ark Naturals

Tampa, Florida, United States
Ark Naturals provides premium functional treats, pet supplements, and wellness products to keep clients' pets as happy and healthy as possible through every life stage. Ark Naturals Co. was founded in 1996 and is based in Tampa, Florida.

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Buyer(S) 1

Buyer

Antelope

San Francisco, California, United States
Category Company
Sector Consumer Products
DESCRIPTION

Antelope is an omni-channel pet consumer platform focused on delivering high-quality, natural pet products via a buy-and-build strategy. Antelope is based in San Francisco, California.

DEAL STATS #
Overall 4 of 5
Sector (Consumer Products) 2 of 3
Type (Add-on Acquisition) 4 of 5
State (Florida) 1 of 1
Country (United States) 4 of 5
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-07 Diggin’ Your Dog and Super Snouts

Reno, Nevada, United States

Diggin’ Your Dog and Super Snouts is a provider of pet health products and treats. The Company was founded in 2011 and is based in Reno, Nevada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-01 My Perfect Pet

Sulphur Springs, Texas, United States

My Perfect Pet is a gently cooked dog and cat food brand that provides natural whole food ingredients, like chicken, broccoli, and cranberries, and is made in their human food-safe, My Perfect Pet-owned and operated facility. My Perfect Pet was formed in 2007 and is based in Sulphur Springs, Texas.

Buy -

Seller(S) 1

SELLER

Azalea Capital

Greenville, South Carolina, United States

Investor Investor Investor

Category Private Equity Firm
Founded 1995
Size Small
Type Sector Agnostic
DESCRIPTION

Azalea Capital is a private investment firm focused on providing equity capital to privately owned middle-market companies located in the Southeast US. Prospective transaction situations include management buyouts, divestitures, recapitalizations, and growth financings. Target companies typically have at least $10 million in revenue and are profitable with up to $8 million of EBITDA. Sectors of interest include niche manufacturing, value-added distribution, business services, consumer products, and healthcare. Azalea was formed in 1995 and is based in Greenville, South Carolina.

DEAL STATS #
Overall 14 of 15
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (Florida) 3 of 3
Country (United States) 14 of 15
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-11 Power Services Group

Cape Coral, Florida, United States

Power Services Group is an independent provider of highly technical turbine generator maintenance, repair and overhaul services primarily serving the power, industrial and petrochemical markets. Power Services Group is based in Cape Coral, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-14 Landscapers Supply

Greenville, South Carolina, United States

Landscapers Supply offers equipment and repair services, as well as seed, fertilizer, mulch, firewood, stone, and various irrigation products across its five locations to meet the needs of commercial and residential landscaping contractors.  Landscapers Supply was founded in 1991 and is based in Greenville, South Carolina.

Buy -
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