M&A Deal Summary

Benford Capital Partners Acquires Animix

On October 18, 2022, private equity firm Benford Capital Partners acquired chemicals company Animix

Acquisition Highlights
  • This is Benford Capital Partners’ 1st transaction in the Chemicals sector.
  • This is Benford Capital Partners’ 18th transaction in the United States.
  • This is Benford Capital Partners’ 5th transaction in Wisconsin.

M&A Deal Summary

Date 2022-10-18
Target Animix
Sector Chemicals
Buyer(s) Benford Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) TKO Miller LLC (Financial)

Target

Animix

Juneau, Wisconsin, United States
Animix is a provider of critical nutrients and custom-formulated, water-soluble premixes, supplements, and ingredients used in the production of milk substitutes and other animal feed products. Animix was founded in 1994 and is based in Juneau, Wisconsin.

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Buyer(S) 1

Buyer

Benford Capital Partners

Chicago, Illinois, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Benford Capital Partners is a private equity investment firm focused on leveraged buyouts and recapitalizations of smaller, lower middle-market companies in the US and Canada. Benford targets niche manufacturers, unique service companies and specialty distributors with minimum sales of $3 million, and at least $1 million in EBITDA. Avoided industries/transactions include retail, restaurants, software, start-ups, real estate, commodity products, and biotech. Benford Capital Partners was formed in 2004 and is based in Chicago, Illinois.


DEAL STATS #
Overall 19 of 24
Sector (Chemicals) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 7 of 10
State (Wisconsin) 5 of 6
Country (United States) 18 of 23
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-07 HoofStrong

Fresno, California, United States

HoofStrong is a provider of automated hoof bath systems and the preventative hoof care treatment products utilized in these systems for commercial dairies. HoofStrong was founded in 1999 and is based in Fresno, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-10 Legacy

Waukesha, Wisconsin, United States

Legacy is a designer and manufacturer of superior and innovative baked snack products including snack mixes, bagel chips, pita chips, rye chips, and bread sticks, among others. The Company is focused on creating one-of-a-kind B2B and private-label baked snack products for leading food brands, retailers, and food service companies. Legacy offers multiple highly efficient manufacturing services including contract manufacturing, seasoning, and packaging. In addition to B2B and private label operations, it is the manufacturer and brand owner of Pinahs Rye Chips and Pinahs Snack Mixes. Legacy is based in Waukesha, Wisconsin.

Buy -