M&A Deal Summary

Brynwood Partners Acquires Carolina Beverage Group

On August 4, 2017, private equity firm Brynwood Partners acquired beverage company Carolina Beverage Group

Acquisition Highlights
  • This is Brynwood Partners’ 3rd transaction in the Beverages sector.
  • This is Brynwood Partners’ 19th transaction in the United States.
  • This is Brynwood Partners’ 1st transaction in North Carolina.

M&A Deal Summary
Date 2017-08-04
Target Carolina Beverage Group
Sector Beverages
Buyer(s) Brynwood Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Cascadia Capital LLC (Financial)
Stinson (Legal)

Target

Carolina Beverage Group

Mooresville, North Carolina, United States
Carolina Beverage Group manufacturers its high-quality products out of its three strategically located state-of-the-art manufacturing facilities located in Cold Spring, MN; Mooresville, NC and Fort Worth, TX. The company offers a broad range of value-added production services in a variety of packaging options, including plastic and aluminum cans and glass bottles. Carolina Beverage Group is based in Mooresville, North Carolina.

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Buyer(S) 1

Buyer

Brynwood Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1984
PE ASSETS 2.5B USD
Size Large
Type Sector Focused
DESCRIPTION

Brynwood Partners is a private equity firm that makes control investments in lower mid-market companies. The Firm has a preference for companies that are underperforming and/or undervalued, failed leveraged buy-outs or businesses that are under-financed and in need of an equity infusion. Target sectors include consumer products, light manufacturing in low capital intensive industries, service businesses and specialty retail companies. The Firm looks for opportunities valued between $25 and $500 million. Brynwood was formed in 1984 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 20 of 25
Sector (Beverages) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 8 of 8
State (North Carolina) 1 of 1
Country (United States) 19 of 24
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-21 Lightlife Foods

Turners Falls, Massachusetts, United States

Lightlife Foods, Inc. is a brand with product lines that include vegetarian-based burgers, hotdogs and other meatless frozen and refrigerated items.

Sell $140M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-20 Back to Nature Foods Company

Madison, Wisconsin, United States

Back to Nature Foods Company LLC is a food manufacturer. Back to Nature offers a wide range of products including, crackers and cookies, nuts and trail mixes, granola and macaroni and cheese. Back to Nature Foods Company LLC was established in 1960 and is based in Madison, Wisconsin.

Sell $163M
Mergr

Product

Company

Legal