Buyout (LBO, MBO, MBI) • Food

Borgman Capital Acquires Southeastern Meats

On May 28, 2021, private equity firm Borgman Capital acquired food company Southeastern Meats

Acquisition Context
  • This is Borgman Capital’s 2nd transaction in the Food sector.
  • This is Borgman Capital’s 7th transaction in the United States.
  • This is Borgman Capital’s 1st transaction in Alabama.

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M&A Deal Summary

Date May 28, 2021
Target Southeastern Meats
Sector Food
Buyer(s) Borgman Capital
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Southeastern Meats

Birmingham, Alabama, United States
Southeastern Meats produces and distributes frozen meats, vegetables, sandwiches and bakery products with a portfolio of 130 SKUs. Southeastern Meats was formed in 1984 and is based in Birmingham, Alabama.
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Buyer Overview 1

DESCRIPTION

Borgman Capital is a private investment firm focused on acquiring majority interests in established, lower middle-market companies valued less then $50 million. The Firm does not have any stated sector preferences but prefers profitable companies with management that wishes to remain in place. Borgman Capital was formed in 2017 and is headquartered in Milwaukee, Wisconsin.


Deal Context for Buyer #
Overall 7 of 11
Sector: Food 2 of 2
Type: Buyout (LBO, MBO, MBI) 6 of 8
State: Alabama 1 of 1
Country: United States 7 of 11
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-18 Aerial Work Platforms

Sussex, Wisconsin, United States

Aerial Work Platforms specializes in renting, selling, and servicing aerial lift equipment with a strong reputation for providing high-quality equipment and outstanding customer service. Aerial Work Platforms was founded in 1979 and is based in Sussex, Wisconsin.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-04 Durex Products

Luck, Wisconsin, United States

Durex Products manufactures a variety of replacement parts for mineral processing equipment including screen media (metal wire and urethane options), liners and other wear components. Durex’s products can primarily be found in the vibrating screener component of mineral processing rigs used at quarries. Durex primarily services the aggregate (sand, gravel, fine rock) and hard rock mining (crushed rock, cement) industries, selling products through a network of dealers. Durex Products was formed in 1965 and is based in Luck, Wisconsin.

Buy -