M&A Deal Summary

Banyan Capital Partners Acquires Purity Life

On June 5, 2012, private equity firm Banyan Capital Partners acquired distribution company Purity Life for 15M CAD

Acquisition Highlights
  • This is Banyan Capital Partners’ 1st transaction in the Distribution sector.
  • This is Banyan Capital Partners’ largest (disclosed) transaction.
  • This is Banyan Capital Partners’ 6th transaction in Canada.
  • This is Banyan Capital Partners’ 2nd transaction in Ontario.

M&A Deal Summary
Date 2012-06-05
Target Purity Life
Sector Distribution
Buyer(s) Banyan Capital Partners
Deal Type Divestiture
Deal Value 15M CAD

Target

Purity Life

Acton, Ontario, Canada
Purity Life is a distributor of natural health products including dietary supplements, vitamins, natural body care, earth friendly household goods and natural health food products. Purity Life was founded in 1984 and is based in Acton, Ontario.

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Buyer(S) 1

Buyer

Banyan Capital Partners

Investor Investor Investor

Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

Banyan Capital Partners is a generalist private equity firm that invests in middle-market companies located primarily in US and Canada. Banyan looks to invest in companies with $10 - $200 million in annual revenue and will consider both majority and minority situations. Banyan's target investment size is $3 to $20 million. Transaction situations can include succession, recapitalizations, public to private, spin-offs, buyouts, and growth financings. Banyan will not invest in biotech, real estate, or mining opportunities. Banyan Capital was formed in 1999 and is based in Toronto.

DEAL STATS #
Overall 10 of 15
Sector (Distribution) 1 of 1
Type (Divestiture) 2 of 2
State (Ontario) 2 of 4
Country (Canada) 6 of 11
Year (2012) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-10 G.W. Anglin Manufacturing

Tecumseh, Ontario, Canada

G.W. Anglin Manufacturing is a diverse manufacturer of parts and aftermarket truck and van equipment. G.W. Anglin Manufacturing was founded in 1967 and is based in Tecumseh, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-05 The Corix Group

Richmond, British Columbia, Canada

The Corix Group (formerly Terasen Water and Utility Services) is a leading utility infrastructure provider of products and services in Canada and the United States, active in the water, wastewater and energy sectors. Headquartered in Vancouver, British Columbia, Corix designs, builds, supplies and manages community utility infrastructure, including the pipes, valves, fittings, and systems that treat and transport water and wastewater. With over 900 employees and more than 65 years of experience, Corix has a successful track record of providing cost-effective, safe and efficient utility infrastructure solutions.

Sell -
Mergr

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