M&A Deal Summary

Bridges Consumer Healthcare Acquires Clarion Brands

On January 21, 2021, Bridges Consumer Healthcare acquired distribution company Clarion Brands from Swander Pace Capital

Acquisition Highlights
  • This is Bridges Consumer Healthcare’s 1st transaction in the Distribution sector.
  • This is Bridges Consumer Healthcare’s 1st transaction in the United States.
  • This is Bridges Consumer Healthcare’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2021-01-21
Target Clarion Brands
Sector Distribution
Buyer(s) Bridges Consumer Healthcare
Sellers(s) Swander Pace Capital
Deal Type Add-on Acquisition

Target

Clarion Brands

Trevose, Pennsylvania, United States
Formed in 2014, Clarion Brands markets a portfolio of niche over-the-counter brands, Lipo-Flavonoid, Florajen, Certain Dri, Cystex, Albolene, and Anti-Monkey Butt. throughout the U.S. and Canada.

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Buyer(S) 1

Buyer

Bridges Consumer Healthcare

Chattanooga, Tennessee, United States
Category Company
Founded 2020
Sector Business Services
DESCRIPTION

Bridges Consumer Healthcare is to build a consumer healthcare company focused on OTC and personal care products and driven by consumer-led innovation and marketing. Bridges Consumer Healthcare was founded in 2020 and is based in Chattanooga, Tennessee.

DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

Swander Pace Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1996
PE ASSETS 1.8B USD
Size Large
Type Sector Focused
DESCRIPTION

Swander Pace Capital (SPC) is a private equity firm focused on investing in North American middle-market consumer products companies. SPC looks for companies exhibiting strong growth potential and sales of up to $500 million. Specific areas of interest include food/beverage, household products, health living, packaging, personal care, pet products, sporting goods, specialty apparel, and specialty distribution. Prospective investment situations include management-led buyouts, consolidations, divestitures, turnarounds, recapitalizations, and growth capital financings. SPC was formed in 1996 and has offices in San Francisco, California; Bedminster, New Jersey; and Ontario, Canada.

DEAL STATS #
Overall 37 of 42
Sector (Distribution) 2 of 2
Type (Add-on Acquisition) 23 of 25
State (Pennsylvania) 2 of 2
Country (United States) 31 of 35
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-02 Voortman

Burlington, Ontario, Canada

Voortman is a manufacturer of cookies and wafers sold under the Voortman brand. Voortman offers quality cookies, using the finest, hand-selected ingredients. Voortman was founded in 1951 and is based in Burlington, Ontario.

Sell CA$425M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-25 Mighty Spark

Minneapolis, Minnesota, United States

Mighty Spark is an all-natural protein brand that delivers exciting flavors and convenient packaging to make meals healthy and easy to prepare. Mighty Spark has donated more than 10 million meals to date and is working every day to impact food insecurity. Through the simple act of purchasing a package of Mighty Spark’s protein patties or grinds, or three snack sticks, our consumers are donating a meal to someone in need. Mighty Spark is based in Minneapolis, Minnesota.

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