M&A Deal Summary

Bluejay Capital and GCM Grosvenor Acquire MobilGrain

On November 26, 2024, merchant bank Bluejay Capital and GCM Grosvenor acquired food company MobilGrain from AGT Food and Ingredients

Acquisition Highlights
  • This is Bluejay Capital’s 1st and GCM Grosvenor’s 1st transaction in the Food sector.
  • This is Bluejay Capital’s 1st and GCM Grosvenor’s 1st transaction in Canada.
  • This is Bluejay Capital’s 1st and GCM Grosvenor’s 1st transaction in Saskatchewan.

M&A Deal Summary

Date 2024-11-26
Target MobilGrain
Sector Food
Buyer(s) Bluejay Capital
GCM Grosvenor
Sellers(s) AGT Food and Ingredients
Deal Type Divestiture

Target

MobilGrain

Regina, Saskatchewan, Canada
MobilGrain provides grain transfer/processing services, operates two railroads in Saskatchewan, and offers railroad-related maintenance services. MobilGrain is based in Regina, Saskatchewan.

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Buyer(S) 2

DESCRIPTION

Bluejay Capital is a merchant bank that invests in and provides M&A advisory services to companies operating in the transportation and logistics sectors. The Firm's investment unit looks to partner with founder-owned businesses throughout North America with $3 to $15 million of EBITDA and valued up to $120 million. Specific areas of interest include trucking, freight rail, rail services, ports/terminals, tech-enabled services, distribution, and logistics services. Bluejay Capital is based in Jacksonville Beach, Florida.


DEAL STATS #
Overall 4 of 4
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
State (Saskatchewan) 1 of 1
Country (Canada) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-29 Best Warehousing & Transportation

Atlanta, Georgia, United States

Best Warehousing & Transportation is a third-party logistics provider specializing in comprehensive, client-focused solutions, including transportation, warehousing and storage, logistics handling, and other services. Best Warehousing & Transportation is based in Atlanta, Georgia.

Buy -
Buyer

GCM Grosvenor

Chicago, Illinois, United States

Category Company
Founded 1971
Sector Financial Services
Employees538
Revenue 452M USD (2023)
DESCRIPTION

GCM Grosvenor is a large and diversified independent alternative asset management firm. The Company offers comprehensive public and private markets solutions and a broad suite of investment and advisory choices that span hedge funds, private equity, and various credit and specialty strategies. GCM Grosvenor specializes in developing customized investment programs tailored to each client’s specific investment goals. GCM Grosvenor was founded in 1971 and is based in Chicago, Illinois.


DEAL STATS #
Overall 4 of 4
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
State (Saskatchewan) 1 of 1
Country (Canada) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-24 Horizon

Columbus, Ohio, United States

Horizon is a provider of advanced broadband services throughout much of Ohio and into surrounding states. Utilizing its extensive network of fiber optic cable, Horizon delivers advanced high-speed data services, Internet, voice, digital video, security, and monitoring services. Horizon was founded in 1895 and is based in Columbus, Ohio.

Sell $385M

Seller(S) 1

SELLER

AGT Food and Ingredients

Toronto, Ontario, Canada

Category Company
Founded 2009
Sector Food
Employees2,100
Revenue 1.7B CAD (2017)
DESCRIPTION

AGT Food and Ingredients, Inc. is a provider of value-added pulses, staple foods and ingredients for export and domestic markets as well as a supplier of retail packaged and canned foods to retail and foodservice sectors. AGT Food and Ingredients, Inc. was incorporated in 2009 and is headquartered in Regina, Canada. The AGT Shares is delisted from the Toronto Stock Exchange on April 17, 2019.


DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
State (Saskatchewan) 1 of 1
Country (Canada) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-05 Mobil Capital Holdings

Saskatchewan, Canada

Mobil Capital Holdings Ltd. is a is a private company which carries on the businesses of the operation of a modular designed, moveable plant for processing agricultural commodities. It operations include short-line railways, bulk commodity transloading and trading pulses and grains in the Provinces of Saskatchewan and Ontario by way of its subsidiaries.

Buy -