M&A Deal Summary

Black Diamond Capital Management, Altman Plants and Color Spot Nurseries Acquire Color Star Growers of Colorado Inc

On February 24, 2014, asset manager Black Diamond Capital Management, Altman Plants and Color Spot Nurseries acquired retailer Color Star Growers of Colorado Inc

Acquisition Highlights
  • This is Black Diamond Capital Management’s 1st, Altman Plants’ 1st and Color Spot Nurseries’ 1st transaction in the Retail sector.
  • This is Black Diamond Capital Management’s 4th, Altman Plants’ 1st and Color Spot Nurseries’ 1st transaction in the United States.
  • This is Black Diamond Capital Management’s 1st, Altman Plants’ 1st and Color Spot Nurseries’ 1st transaction in Colorado.

M&A Deal Summary
Date 2014-02-24
Target Color Star Growers of Colorado Inc
Sector Retail
Buyer(s) Black Diamond Capital Management
Altman Plants
Color Spot Nurseries
Deal Type Special Situations/Distressed
Advisor(s) SSG Capital Advisors (Financial)

Target

Color Star Growers of Colorado Inc

Fort Lupton, Colorado, United States
Color Star Growers of Colorado, Inc. is a grower and wholesaler of flowers and nursery stock in the United States.

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Buyer(S) 3

Buyer

Black Diamond Capital Management

Investor

Category Asset Manager
Founded 1995
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Black Diamond Capital Management is an alternative asset manager focused on credit, private equity, and other structured investments. The Firm's private equity group is a generalist investor that targets opportunities throughout North America and Europe. Black Diamond Capital Management was formed in 1995 and is headquartered in Stamford, Connecticut.

DEAL STATS #
Overall 4 of 7
Sector (Retail) 1 of 1
Type (Special Situations/Distressed) 2 of 2
State (Colorado) 1 of 1
Country (United States) 4 of 7
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-07-14 FXI

Radnor, Pennsylvania, United States

FXI is a producer of foam products for the home, healthcare, electronics, industrial, personal care and transportation markets. Its products include finished goods, sub-assemblies, services and raw materials for OEMs, fabricators and retailers. FXI was founded in 1990 and is based in Radnor, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-27 Aeromet

Worcester, United Kingdom

Aeromet is a provider of investment and sand cast products in aluminum and magnesium to the global Aerospace and Defence industries. It provides major OEMs including Airbus, Boeing, BAE Systems, Embraer and Rolls-Royce with engine, fuel system and structural airframe components. Aeromet was established in 1982 and is based in Worcester, United Kingdom.

Sell -
Buyer

Altman Plants

Vista, California, United States
Category Company
Sector Agriculture
DESCRIPTION

Altman Plants offers live nursery plants and marketing tools to retailers nationwide. Altman Plants specialize in Cactus & Succulents, Herbs & Veggies.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Special Situations/Distressed) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Buyer

Color Spot Nurseries

Fallbrook, California, United States
Category Company
Founded 1995
Sector Agriculture
Employees1,684
DESCRIPTION

Color Spot Nurseries Inc., a horticultural company, produces and distributes bedding plants, vegetables, herbs, shrubs, blooming plants, flowering potted plants, and ground cover products.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Special Situations/Distressed) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
Mergr

Product

Company

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