M&A Deal Summary

Burlington Capital Partners and Farragut Capital Partners Acquire Martin Pallet

On March 2, 2023, private equity firm Burlington Capital Partners and mezzanine finance firm Farragut Capital Partners acquired distribution company Martin Pallet

Acquisition Highlights
  • This is Burlington Capital Partners’ 1st and Farragut Capital Partners’ 6th transaction in the Distribution sector.
  • This is Burlington Capital Partners’ 2nd and Farragut Capital Partners’ 88th transaction in the United States.
  • This is Burlington Capital Partners’ 1st and Farragut Capital Partners’ 7th transaction in Ohio.

M&A Deal Summary
Date 2023-03-02
Target Martin Pallet
Sector Distribution
Buyer(s) Burlington Capital Partners
Farragut Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Martin Pallet

Massillon, Ohio, United States
Martin Pallet manufactures and refurbishes specialty wood pallets and crates for a diverse base of longstanding business customers across Ohio and Pennsylvania. Martin Pallet was founded in 1985 and is based in Massillon, Ohio.

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Buyer(S) 2

Buyer

Burlington Capital Partners

Investor Investor

Category Private Equity Firm
Size Small
Type Sector Focused
DESCRIPTION

Burlington Capital Partners is a private investment fund focused on lower-middle companies across the US. The Firm seeks to acquire profitable family or founder owned businesses with a minimum of $2 million EBITDA. Burlington Capital typically invests in the food and beverage sector as well as related consumer oriented products and services. Burlington Capital Partners is based in Chicago, Illinois.

DEAL STATS #
Overall 2 of 2
Sector (Distribution) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Ohio) 1 of 1
Country (United States) 2 of 2
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-01 Sokol

Countryside, Illinois, United States

Sokol is a manufacturer of food ingredients and retail-ready food products for U.S. end markets that generate $30B in annual spend. It serves a nationwide group of food manufacturers, retail brands, and retail grocers and produces sauces, dressings, marinades, glazes, frostings, pastes, ice cream ribbons and bases, fudge, nut butters, and fillings in bulk, retail, and pouch formats. Sokol was founded in 1895 and is based in Countryside, Illinois.

Buy -
Buyer

Farragut Capital Partners

Chevy Chase, Maryland, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2011
PE ASSETS 1.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Farragut Capital Partners LLC is a private investment firm that provides mezzanine and equity capital to help finance buyouts, generational transfers, growth capital financings, and recapitalizations. The Firm prefers asset-light businesses with unique and defensible market positions, stable business models, and reasonable capital expenditure and working capital needs. Sectors of interest include light and niche manufacturing, business services, distribution & logistics, and media. Farragut's target investment size is $2 to $10 million. Farragut Capital Partners was formed in 2011 and is based in Washington, District of Columbia.

DEAL STATS #
Overall 88 of 97
Sector (Distribution) 6 of 6
Type (Buyout (LBO, MBO, MBI)) 37 of 40
State (Ohio) 7 of 7
Country (United States) 88 of 97
Year (2023) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-14 Malley’s Candies

Brook Park, Ohio, United States

Malley’s Candies is a manufacturer of chocolate and confectionary products. Malley’s Candies was founded in 1935 and is based in Brook Park, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-10 Peachey Hardwood Flooring

Reedsville, Pennsylvania, United States

Peachey Hardwood Flooring manufactures premium hardwood flooring and related millwork products. The Company offers handcrafted custom products across a broad selection of species, widths, cuts, stains, and finishes to wholesalers and distributors nationwide. Peachey Hardwood Flooring was founded in 1995 and is based in Reedsville, Pennsylvania.

Buy -
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