M&A Deal Summary

Banyan Capital Partners Acquires Second Nature

On November 15, 2023, private equity firm Banyan Capital Partners acquired consumer products company Second Nature

Acquisition Highlights
  • This is Banyan Capital Partners’ 1st transaction in the Consumer Products sector.
  • This is Banyan Capital Partners’ 11th transaction in Canada.
  • This is Banyan Capital Partners’ 4th transaction in Ontario.

M&A Deal Summary
Date 2023-11-15
Target Second Nature
Sector Consumer Products
Buyer(s) Banyan Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Second Nature

Troy, Ontario, Canada
Second Nature is a manufacturer and distributor of home décor and gifting products made up of dried florals and other naturally and sustainably sourced botanicals. The company sources materials globally, manufactures its products in Hamilton, Ontario and services a recognizable customer base across North America. Second Nature was founded in 1994 and is based in Troy, 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 15 of 15
Sector (Consumer Products) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 5 of 5
State (Ontario) 4 of 4
Country (Canada) 11 of 11
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-05 Innovative Surface Solutions

Ajax, Ontario, Canada

Innovative Surface Solutions distributes liquid salts, primarily magnesium chloride and calcium chloride mixed with additives for de-icing, dust control and various industrial applications. Innovative Surface Solutions specializes in effective, environmentally safer solutions for road safety and maintenance, industrial applications, and agriculture. Innovative Surface Solutions was founded in 1986 and is based in Ajax, Ontario.

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