M&A Deal Summary

Benford Capital Partners Acquires GPI

On August 16, 2022, private equity firm Benford Capital Partners acquired food company GPI

Acquisition Highlights
  • This is Benford Capital Partners’ 3rd transaction in the Food sector.
  • This is Benford Capital Partners’ 1st transaction in Canada.
  • This is Benford Capital Partners’ 1st transaction in Ontario.

M&A Deal Summary

Date 2022-08-16
Target GPI
Sector Food
Buyer(s) Benford Capital Partners
Deal Type Recapitalization

Target

GPI

Newmarket, Ontario, Canada
GPI is a B2B food ingredients company, focusing on proprietary hydrocolloid blends, vinegar-based antimicrobials, and other functional food ingredients and processing agents for a global customer base in North and South America, Europe, and Asia. GPI was founded in 1992 and is based in Newmarket, Ontario.

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Buyer(S) 1

Buyer

Benford Capital Partners

Chicago, Illinois, United States

Investor Investor 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 $5 million, and at least $2 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 18 of 25
Sector: Food M&A 3 of 6
Type: Recapitalization M&A Deals 6 of 8
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-15 Pasture Brands

Kalona, Iowa, United States

Pasture Brands is formed for an add-on acquisition of beverage and refrigerated food product companies. Pasture Brands Holdings was founded in 2021 and is based in Kalona, Iowa.

Buy -
FOLLOWING 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 -