M&A Deal Summary

Atlantic Street Capital Acquires Lori s Gifts

On December 20, 2017, private equity firm Atlantic Street Capital acquired retailer Lori s Gifts

Acquisition Highlights
  • This is Atlantic Street Capital’s 2nd transaction in the Retail sector.
  • This is Atlantic Street Capital’s 10th transaction in the United States.
  • This is Atlantic Street Capital’s 2nd transaction in Texas.

M&A Deal Summary
Date 2017-12-20
Target Lori s Gifts
Sector Retail
Buyer(s) Atlantic Street Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Lori s Gifts

Carrollton, Texas, United States
Lori's Gifts is an operator of hospital gift shops with more than 350 shops in hospitals from coast to coast. Lori's Gifts assumes all staffing, buying, accounting, and operational responsibilities and offers dynamic merchandise assortments that include elite national brands. It also provides patient gift service for all their locations and same‐day in‐room delivery for personal care items, gifts, flowers, balloons, drinks, snacks, and accessories. Lori's Gifts was founded in 1981 and is based in Carrollton, Texas.

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Buyer(S) 1

Buyer

Atlantic Street Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Atlantic Street Capital is an operationally focused private equity firm that partners with entrepreneurs and management teams to create value. Atlantic Street looks to acquire profitable companies where it can invest $15 to $75 million per deal. Target industries include consumer products, services, manufacturing, distribution, retail, restaurant and healthcare. Atlantic Street prefers opportunities located in the US and Canada and will only consider control situations. Atlantic Street Capital was formed in 2006 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 10 of 27
Sector (Retail) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 9 of 22
State (Texas) 2 of 5
Country (United States) 10 of 27
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-02 Gat Airline Ground Support

Peachtree, Georgia, United States

Gat Airline Ground Support is a provider of outsourced airline services at airports across the United States. Gat offers a broad portfolio of services at 37 airports throughout the United States, including ramp services, passenger handling, and related ancillary services. Gat Airline Ground Support was founded in 1965 and is based in Peachtree, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 BioTouch

West Haven, Connecticut, United States

BioTouch provides mission-critical, asset‐light dedicated‐route transportation solutions exclusively focused on the medical laboratory and hospital industry. BioTouch was founded in 2012 and is based in West Haven, Connecticut.

Buy -
Mergr

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