M&A Deal Summary

Benestar Brands Acquires Evans Food Group

On August 5, 2019, Benestar Brands acquired food company Evans Food Group from Wind Point Partners

Acquisition Highlights
  • This is Benestar Brands’ 1st transaction in the Food sector.
  • This is Benestar Brands’ 1st transaction in the United States.
  • This is Benestar Brands’ 1st transaction in Illinois.

M&A Deal Summary
Date 2019-08-05
Target Evans Food Group
Sector Food
Buyer(s) Benestar Brands
Sellers(s) Wind Point Partners
Deal Type Add-on Acquisition
Advisor(s) William Blair (Financial)

Target

Evans Food Group

Chicago, Illinois, United States
Evans Food Group Ltd. is an international producer of branded, co-packed and private label pork rinds. Its diverse branded portfolio includes Mac’s, its largest branded offering and the #1 multi-outlet store brand for pork rinds in the US, alongside its other brands: Turkey Creek, Don Rudy, Cazo de Oro and Domingo’s. Pork rinds are one of the fastest-growing snack items, bolstered by the emerging interest of consumers to add these products to their diets as a nutritional option.

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Buyer(S) 1

Buyer

Benestar Brands

Chicago, Illinois, United States
Category Company
Founded 2019
Sector Food
DESCRIPTION

Benestar Brands operates as a holding company for brands of snack products, including pork rinds and tortilla chips. The brands include Pretzilla, Mac’s, Caso de Oro, PORQ and Chicas Chips. Its Evans Food division is a manufacturer of pork rinds, serving US and international markets. Its other divisions, Arboleda Foods, is the producer of tortilla chips and Pretzilla is the producer of soft pretzels. Benestar Brands was founded in 2019 and is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 2
Sector (Food) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Illinois) 1 of 1
Country (United States) 1 of 2
Year (2019) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 4505 Meats

San Francisco, California, United States

4505 Meats is a producer of premium meat snacks, selling antibiotic-free pork rinds and cracklings. 4505 Meats produces humanely raised, antibiotic- and hormone-free pork rinds, first developed in Farr’s apartment kitchen. 4505 Meats was founded in 2009 and is based in San Francisco, California.

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 45 of 56
Sector (Food) 7 of 8
Type (Add-on Acquisition) 23 of 26
State (Illinois) 6 of 6
Country (United States) 41 of 51
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-10 Valicor Environmental Services

Monroe, Ohio, United States

Valicor Environmental Services is a provider of non-hazardous wastewater treatment services in North America. Leveraging its extensive fleet of tankers and a network of strategically located centralized wastewater treatment (“CWT”) facilities, the Company transports and processes diverse wastewater streams that result from the manufacture of industrial and consumer goods. Valicor helps customers dispose of oily water, leachate, soaps, line flush waste, and similar waste streams, and it also provides a diverse set of landfill solidification and product destruction services. Valicor Environmental Services was established in 1982 and is based in Monroe, Ohio.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-20 Radienz Living

Mount Prospect, Illinois, United States

Radienz Living is an independent manufacturer of household cleaning, laundry, and personal care products. Radienz supplies a broad portfolio of products for personal and home care applications including disinfectant, cosmetic, and personal cleansing wipes, as well as laundry detergent, bleach, and fabric softeners. Radienz Living was founded in 1995 and is based in Mount Prospect, Illinois.

Buy -
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