M&A Deal Summary

Barentz Acquires Pestell Nutrition

On June 30, 2021, Barentz acquired distribution company Pestell Nutrition from Wind Point Partners

Acquisition Highlights
  • This is Barentz’s 2nd transaction in the Distribution sector.
  • This is Barentz’s 1st transaction in Canada.
  • This is Barentz’s 1st transaction in Ontario.

M&A Deal Summary
Date 2021-06-30
Target Pestell Nutrition
Sector Distribution
Buyer(s) Barentz
Sellers(s) Wind Point Partners
Deal Type Add-on Acquisition
Advisor(s) KeyBanc Capital Markets (Financial)
Kirkland & Ellis (Legal)

Target

Pestell Nutrition

New Hamburg, Ontario, Canada
Pestell Nutrition is a distributor of animal feed minerals, ingredients, and additives in Canada, offering hundreds of distinct products. PMI supplies hundreds of customers throughout Canada and the United States through its own dedicated warehouses and internal fleet, as well as third-party warehouses and logistics providers. It is a full-line manufacturer of cat litter and small animal bedding products serving customers in Canada and the United States.

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Buyer(S) 1

Buyer

Barentz

Hoofddorp, Netherlands
Category Company
Founded 1953
Sector Distribution
DESCRIPTION

Barentz is a specialty ingredients distributor for the food, pharmaceutical, personal care, and animal nutrition markets. The Group sources branded specialty ingredients from leading manufacturers worldwide, and its ingredient experts provide value-added technical support (including pre-mixing, blending, ingredient formulation, and ingredient testing) from its state-of-the-art production facilities in Europe, North America, and Asia. Barentz was founded in 1953 and is based in Hoofddorp, Netherlands.

DEAL STATS #
Overall 3 of 6
Sector (Distribution) 2 of 5
Type (Add-on Acquisition) 3 of 6
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-14 Maroon Group

Avon, Ohio, United States

Maroon Group is a distributor of specialty chemicals (CASE and HI&I) and life science ingredients across North America. Founded in 1977 and based in Avon, Ohio, Maroon Group has a common infrastructure of industry-leading technology, value-added services, global sourcing and logistics network, and a commitment to Creating Customer Success.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-16 Natural

Verrières-en-Anjou, France

Natural is a distributor of natural, herbal and functional ingredients for the nutraceuticals (dietary supplements) industry in France and Europe. Natural was founded in 2010 and is based in Verrières-en-Anjou, France.

Buy -

Seller(S) 1

SELLER

Wind Point Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Wind Point Partners is a private equity firm focused on acquisitions of mid-sized companies operating in the business services, consumer products, healthcare services, and industrial products sectors. Wind Point looks to invest $60 to $130 million in companies valued up to $500 million. Prospective transaction types include leveraged buyouts, recapitalizations, industry consolidations, and growth capital financings. Wind Point Partners began investing in 1984 and is based in Chicago.

DEAL STATS #
Overall 48 of 55
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 25 of 26
State (Ontario) 2 of 2
Country (Canada) 4 of 4
Year (2021) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-02 Warehouse On Wheels

Fort Mitchell, Kentucky, United States

Warehouse On Wheels is a provider of trailer rental solutions to manufacturing, distribution and 3PL customers. The Company owns and manages a fleet of over 16,000 units including dry van trailers, containers, flatbeds, and chassis, operating via 19 branches throughout the Midwest, South and Southwest U.S. Warehouse On Wheels was founded in 2017 and is based in Fort Mitchell, Kentucky.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 Ascensus Specialties

Bellevue, Washington, United States

Ascensus Specialties is a manufacturer of specialty chemicals primarily in two end-markets: pharmaceutical drug manufacturing and pulp & paper processing. In pharmaceutical drug manufacturing, sodium borohydride is used as a reducing agent. In pulp & paper processing, sodium borohydride is used as a bleaching agent to prepare paper products for end-customer use. Ascensus Specialties was founded 2014 and is based in Bellevue, Washington.

Sell -
Mergr

Product

Company

Legal