M&A Deal Summary

Beekman Group Acquires Condado Tacos

On February 26, 2020, private equity firm Beekman Group acquired restaurant Condado Tacos

Acquisition Highlights
  • This is Beekman Group’s 3rd transaction in the Restaurants sector.
  • This is Beekman Group’s 18th transaction in the United States.
  • This is Beekman Group’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2020-02-26
Target Condado Tacos
Sector Restaurants
Buyer(s) Beekman Group
Deal Type Recapitalization

Target

Condado Tacos

Pittsburgh, Pennsylvania, United States
Condado Tacos specializing in “build-your-own” tacos, tequilas and margaritas that operates 15 restaurants across four states and six markets in the Midwest. Condado Tacos was founded in 2014 and is based in Pittsburgh, Pennsylvania.

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Buyer(S) 1

Buyer

Beekman Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

The Beekman Group, LLC is a private equity firm that invests in small to mid-sized healthcare, consumer, business, and financial services companies. TBG focuses on companies with revenues between $10 to $300 million. Beekman looks to invest $20 to $150 million per transaction. Specific areas of interest include hospital services, dental services, home care, outsourcing services, restaurants, specialty retail, consumer packaged goods, food and food services, infrastructure, education and training, logistics and distribution, insurance, specialty finance, community banking, and asset management. Target transaction types include MBOs, recapitalizations, consolidations, growth capital financings, corporate spin-offs, and special situations. The Beekman Group was formed in 2004 and is based in New York City.

DEAL STATS #
Overall 20 of 27
Sector (Restaurants) 3 of 3
Type (Recapitalization) 6 of 8
State (Pennsylvania) 2 of 2
Country (United States) 18 of 25
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-07 OneWater

Buford, Georgia, United States

OneWater is a collection of recreational boat dealerships in the U.S. with locations across Alabama, Florida, Georgia, Kentucky, Maryland, South Carolina, and Texas. The dealerships offer new and pre-owned boats for sale, in addition to the sale of parts and accessories and other boat services. OneWater was formed in 2014 and is based in Buford, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-06 GED

Glenwillow, Ohio, United States

GED designs, engineers, and manufactures automation solutions for the North American window and door industry. The Company’s solution offerings include equipment manufacturing, production software, and aftermarket parts and services. GED is based in Glenwillow, Ohio.

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