M&A Deal Summary

Austin Capital Partners Acquires OmegaSea

On March 11, 2011, private equity firm Austin Capital Partners acquired consumer products company OmegaSea

Acquisition Highlights
  • This is Austin Capital Partners’ 2nd transaction in the Consumer Products sector.
  • This is Austin Capital Partners’ 7th transaction in the United States.
  • This is Austin Capital Partners’ 5th transaction in Ohio.
Investment Fate
  • OmegaSea was sold to a publicly-traded strategic buyer in 2020.

M&A Deal Summary

Date 2011-03-11
Target OmegaSea
Sector Consumer Products
Buyer(s) Austin Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) EdgePoint Capital Advisors (Financial)

Target

OmegaSea

Painesville, Ohio, United States
OmegaSea LLC is a manufacturer and distributor of premium food and related products for the aquarium hobbyist. Fish food is marketed worldwide under the Omega One brand. OmegaSea was founded in 1998 and is based in Painesville, Ohio.

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Buyer(S) 1

Buyer

Austin Capital Partners

Pepper Pike, Ohio, United States

Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Austin Capital Partners is a private equity firm that seeks investments in the Ohio and Lower Great Lakes regions of the US. Austin generally pursues privately-owned, profitable, and growing businesses with $8 to $30 million in revenue. Prospective investment situations include consolidations, growth capital financings, corporate divestitures, and under-performing businesses seeking to restructure. Sectors of interest include manufacturing, specialty chemicals, wholesale distribution, and services. Austin will not invest in real estate, oil/gas, high technology, regulated industries, as well as start-ups and businesses that lack growth potential. Austin Capital was formed in 2002 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 7 of 7
Sector: Consumer Products M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 7 of 7
State: Ohio M&A 5 of 5
Country: United States M&A 7 of 7
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-09 Partners in Plastics

Sharon Center, Ohio, United States

Partners in Plastics LLC is a manufacturer of custom blow molded plastics products for a variety of end markets in its geographic footprint, which includes the Eastern and Midwestern U.S.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-27 Partners in Plastics

Sharon Center, Ohio, United States

Partners in Plastics LLC is a manufacturer of custom blow molded plastics products for a variety of end markets in its geographic footprint, which includes the Eastern and Midwestern U.S.

Sell -