M&A Deal Summary

Blue Road Capital Acquires B&W Quality Growers

On July 11, 2019, private equity firm Blue Road Capital acquired agriculture company B&W Quality Growers from Boyne Capital Partners

Acquisition Highlights
  • This is Blue Road Capital’s 2nd transaction in the Agriculture sector.
  • This is Blue Road Capital’s 3rd transaction in the United States.
  • This is Blue Road Capital’s 1st transaction in Florida.

M&A Deal Summary

Date 2019-07-11
Target B&W Quality Growers
Sector Agriculture
Buyer(s) Blue Road Capital
Sellers(s) Boyne Capital Partners
Deal Type Secondary Buyout
Advisor(s) Harris Williams & Co. (Financial)

Target

B&W Quality Growers

Fellsmere, Florida, United States
B&W Quality Growers is a vertically-integrated producer of distinctive baby leaves, including watercress, arugula, and other specialty leafy greens. B&W grows, packs and ships quality products to foodservice, retail, wholesale, and specialty channels year-round. B&W Quality Growers was founded in 1870 and is based in Fellsmere, Florida.

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Buyer(S) 1

DESCRIPTION

Blue Road Capital is an independent private equity firm focused on the acquisition and development of agricultural-focused businesses. Blue Road makes control investments in agricultural and food / ingredient supply chain and production companies, partnering with management teams to build enterprise value beyond intrinsic underlying asset value. Blue Road Capital is based in New York City.


DEAL STATS #
Overall 3 of 6
Sector (Agriculture) 2 of 2
Type (Secondary Buyout) 1 of 2
State (Florida) 1 of 1
Country (United States) 3 of 6
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-29 Diamond of California

Stockton, California, United States

Diamond of California produces walnuts, almonds, cashews, and pistachios.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-09 Sweet Harvest Foods

Cannon Falls, Minnesota, United States

Sweet Harvest Foods is a producer and distributer of a full range of honey and commercial sweeteners to some of the world's best-known food manufacturers and foodservice customers, as well as national retailers and distributors. The company's footprint is significant, with global procurement operations, as well as a state-of-the-art lab where its products are tested for quality and safety. Sweet Harvest Foods was founded in 1923 and is based in Cannon Falls, Minnesota.

Buy -

Seller(S) 1

SELLER

Boyne Capital Partners

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

Boyne Capital Partners is a Florida-based investment group focused on smaller businesses with at least $2 million in cash-flow. Boyne targets companies in the US and Canada. Sectors of interest include niche manufacturing, specialty services (IT, healthcare, financial), value-added distribution, wastewater, 'next generation' energy, and restaurants. Boyne prefers control positions and will consider a variety of transaction situation, including buyouts, recapitalizations, divestitures, add-on acquisitions, and growth financings. Boyne was formed in 2006 and is based in Miami.


DEAL STATS #
Overall 4 of 7
Sector (Agriculture) 1 of 1
Type (Secondary Buyout) 3 of 3
State (Florida) 1 of 1
Country (United States) 4 of 7
Year (2019) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-26 Fulcrum IT Services

Centreville, Virginia, United States

Fulcrum IT Services is an information technology (IT) company that provides IT solutions and services for federal, state, local, and commercial customers. Fulcrum IT specializes in the areas of enterprise systems operations, system and application development, data management solutions, information and infrastructure assurance and intelligence analysis and methodologies.

Sell $193M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-16 Rapid Fire Protection

Rapid City, South Dakota, United States

Rapid Fire Protection is a full-service fire protection solutions firm specializing in the design, installation, inspection, testing, and maintenance of fire suppression and alarm systems across the Midwestern and Western U.S. Rapid Fire Protection is based in Rapid City, South Dakota.

Buy -