M&A Deal Summary |
|
|---|---|
| Date | 2014-04-03 |
| Target | Specialty Brands of America |
| Sector | Food |
| Buyer(s) | B&G Foods |
| Sellers(s) |
American Capital
Commonwealth Venture Funding |
| Deal Type | Add-on Acquisition |
| Deal Value | 155M USD |
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B&G Foods is a manufacturer, seller, and distributor of a diversified portfolio of high-quality, shelf-stable branded food products including pickles and peppers, hot sauces, wine vinegar, maple syrup, molasses, snack foods, fruit spreads, pasta sauces, beans, ready-to-use spices, salad dressings, marinades, taco shells and kits, and taco sauce and seasonings. B&G Foods was founded in 1822 and is based in Parsippany, New Jersey.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 19 |
| Sector (Food) | 9 of 19 |
| Type (Add-on Acquisition) | 4 of 9 |
| State (New York) | 2 of 3 |
| Country (United States) | 9 of 19 |
| Year (2014) | 1 of 1 |
| Size (of disclosed) | 8 of 13 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2013-10-07 |
Rickland Orchards
Fairfield, New Jersey, United States Rickland Orchards LLC is a producer of Greek yogurt-coated granola bars and bites. Rickland Orchards’ products blend a strained Greek yogurt coating with roasted nuts, granola and fruit to create convenient, great-tasting and protein-packed snacks, and can be found in over 15,000 locations in North America. |
Buy | $58M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-07-13 |
Spartan Foods of America
Spartanburg, South Carolina, United States Spartan Foods of America is a manufacturer of branded pizza crusts sold primarily through grocery and retail channels. |
Buy | $50M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1997 |
| PE ASSETS | 22.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.
| DEAL STATS | # |
|---|---|
| Overall | 153 of 194 |
| Sector (Food) | 9 of 9 |
| Type (Add-on Acquisition) | 74 of 87 |
| State (New York) | 6 of 8 |
| Country (United States) | 149 of 186 |
| Year (2014) | 3 of 13 |
| Size (of disclosed) | 33 of 56 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-04-02 |
ADF Holdings
Indianapolis, Indiana, United States ADF Holdings, Inc. is a provider of engineered drilling fluid solutions and well site services to oil and natural gas land drillers. |
Sell | $33M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-04-16 |
Air Distribution Technologies
Richardson, Texas, United States Air Distribution Technologies is a provider of air-distribution and ventilation products for residential and industrial buildings in North America. Its brands include Koch Filter, Titus, Ruskin, Kreuger, PennBarry and Tuttle & Bailey and their product lines of grilles, registers and diffusers, terminal units, fire and smoke dampers, louvers, filters and fans. Air Distribution Technologies products are manufactured in the United States, Mexico, India, Thailand and the United Arab Emirates. Air Distribution Technologies is based in Richardson, Texas. |
Sell | $1.6B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1998 |
| Size | Small |
| Type | Sector Agnostic |
Commonwealth Venture Funding Group (CVFG) is an independent private equity firm focused on making investments in small and middle-market firms. CVFG areas of focus include manufacturing and value-added distribution for industrial markets, consumer durables, and food. The Firm prefers businesses located in the US and will only consider investments resulting in controlling interest. CVFG will not finance turnarounds. CVFG was formed in 1998 and is located in Wakefield, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector (Food) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 2 |
| State (New York) | 1 of 1 |
| Country (United States) | 1 of 2 |
| Year (2014) | 1 of 2 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-01-09 |
Delta Electric
Logan, West Virginia, United States Delta Electric is a distributor and provider of electrical engineering services to the Appalachian coal fields. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-09-22 |
Antaya Technologies
Cranston, Rhode Island, United States Antaya Technologies Corp. is a manufacturer of on-glass connectors for the automotive glass industry. |
Sell | - |
