M&A Deal Summary

Blue Road Capital Acquires Sweet Harvest Foods

On April 9, 2021, private equity firm Blue Road Capital acquired food company Sweet Harvest Foods from Peak Rock Capital

Acquisition Highlights
  • This is Blue Road Capital’s 2nd transaction in the Food sector.
  • This is Blue Road Capital’s 4th transaction in the United States.
  • This is Blue Road Capital’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2021-04-09
Target Sweet Harvest Foods
Sector Food
Buyer(s) Blue Road Capital
Sellers(s) Peak Rock Capital
Deal Type Secondary Buyout

Target

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.

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Buyer(S) 1

Buyer

Blue Road Capital

Category Private Equity Firm
Size Small
Type Sector Focused
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 4 of 6
Sector (Food) 2 of 3
Type (Secondary Buyout) 2 of 2
State (Minnesota) 1 of 1
Country (United States) 4 of 6
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-11 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-01 Keany Produce and Gourmet

Landover, Maryland, United States

Keany Produce and Gourmet produce distributor and value-added processor servicing the Mid-Atlantic foodservice industry. Keany Produce and Gourmet was founded in 1978 and is based in Landover, Maryland.

Buy -

Seller(S) 1

SELLER

Peak Rock Capital

Austin, Texas, United States
Category Private Equity Firm
Founded 2012
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Peak Rock Capital is a generalist private equity firm that makes debt and equity investments in middle-market companies. The Firm targets businesses with $50 million to $1 billion in revenue and can commit up to $500 million per transaction. Sectors of interest include business services, consumer products, distribution, energy services, healthcare, industrials, manufacturing, media, and metals. Peak Rock will consider a variety of transaction situations - from leveraged buyouts and recapitalizations to special situations. Peak Rock is based in Austin, Texas.

DEAL STATS #
Overall 12 of 17
Sector (Food) 2 of 4
Type (Secondary Buyout) 4 of 6
State (Minnesota) 1 of 1
Country (United States) 10 of 15
Year (2021) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-05 AMB

Udine, Italy

AMB is a leading manufacturer of rigid and flexible films for use in food packaging. The Company specializes in food grade recycled plastic and is a leader in developing more sustainable and recyclable plastic packaging.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 CloudNine

Houston, Texas, United States

CloudNine is a data and legal discovery technology company with proven expertise in simplifying and automating the discovery of data for audits, investigations, and litigation. CloudNine empowers legal and business professionals with eDiscovery automation software and professional services that simplify litigation, investigations, and audits for law firms and corporations. CloudNine was founded in 2002 and is based in Houston, Texas.

Sell -
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