M&A Deal Summary |
|
|---|---|
| Date | 2022-06-09 |
| Target | Rio Ranch Markets |
| Sector | Retail |
| Buyer(s) | Cardenas Markets |
| Sellers(s) |
Banyan Investment Partners
Northcreek Mezzanine Diamond State Ventures StoneCreek Capital Partners |
| Deal Type | Add-on Acquisition |
| Advisor(s) | The Food Partners (Financial) |
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Cardenas Markets is a grocery retailer focused on serving the Hispanic community. Cardenas Markets was founded in 1981 and is based in Ontario, California.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 2 |
| Sector: Retail M&A | 2 of 2 |
| Type: Add-on Acquisition M&A Deals | 1 of 1 |
| State: California M&A | 1 of 1 |
| Country: United States M&A | 2 of 2 |
| Year: 2022 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-07-06 |
Mi Pueblo
United States Mi Pueblo is Northern California’s major Hispanic grocery retailer. Each of our stores located in the Bay Area, Monterey Peninsula, and the Central Valley offers consumers quality foods, greater value, and genuine service in an authentic environment modeled after hometown markets found in Mexico and Latin America. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 2002 |
| PE ASSETS | 550M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Banyan is a specialty finance firm that provides mezzanine capital to smaller middle-market companies headquartered primarily in the Southeast US. Banyan looks to invest $5 to $25 million of junior capital in profitable companies. The Firm does not have any industry preferences, however, Banyan will not invest in real estate development, oil and gas exploration, direct lenders, start-ups or turn-around situations. Banyan Mezzanine was formed in 2002 and is based in Miami, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 21 of 22 |
| Sector: Retail M&A | 4 of 4 |
| Type: Add-on Acquisition M&A Deals | 13 of 14 |
| State: California M&A | 2 of 2 |
| Country: United States M&A | 21 of 22 |
| Year: 2022 M&A | 2 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-01-20 |
SST Conveyor Components
Loveland, Ohio, United States SST Conveyor Components is a designer and manufacturer of specialized conveyor components serving the material handling, distribution, and conveyor systems integration markets. SST Conveyor produces high-quality straight, tapered, grooved, and custom rollers, bearing assemblies, and pulleys tailored to meet the unique requirements of each customer. SST Conveyor Components was founded in 1957 and is based in Loveland, Ohio. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-08-10 |
Vology
Clearwater, Florida, United States Vology is a high-growth strategic solutions provider with the capabilities to handle full Information technology needs from managed services to field services and product solutions. Vology was founded in 1996 and is based in Clearwater, Florida. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2010 |
| PE ASSETS | 250M USD |
| Size | Small |
| Type | Sector Agnostic |
| DEAL STATS | # |
|---|---|
| Overall | 6 of 9 |
| Sector: Retail M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 4 of 4 |
| State: California M&A | 1 of 1 |
| Country: United States M&A | 6 of 9 |
| Year: 2022 M&A | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-04-18 |
Western States Reclamation
Frederick, Colorado, United States Western States Reclamation is a provider of environmental and specialty civil contracting services with a focus on projects involving the preservation and protection of water resources. Western States Reclamation was founded in 1983 and is based in Frederick, Colorado. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-12-08 |
Jor-Mac
Lomira, Wisconsin, United States Jor-Mac is a manufacturer of metal fabrications and electromechanical-assemblies for OEMs in the HVAC, industrial automation, and back-up power / grid infrastructure space. Jor-Mac was founded in 1952 and is based in Lomira, Wisconsin. |
Buy | - |
| Category | Growth Capital Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 125M USD |
| Size | Small |
| Type | Sector Agnostic |
Diamond State Ventures (DSV) is a private equity and venture capital firm focused on small and lower middle-market company investments in Arkansas, as well as the Midwest and Southeast US. DSV looks to commit $1 to $5 million per investment, which can take the form of subordinated debt, preferred equity or a combination of the two. Prospective transaction situations include growth capital financings, management buyouts, family successions, recapitalizations, and early stage investments. Sectors of interest include niche manufacturing, business services, media, consumer products and services, education, healthcare, and technology. DSV will not invest in seed or startup companies. Diamond State Ventures is based in Little Rock.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 15 |
| Sector: Retail M&A | 2 of 2 |
| Type: Add-on Acquisition M&A Deals | 9 of 11 |
| State: California M&A | 3 of 3 |
| Country: United States M&A | 11 of 15 |
| Year: 2022 M&A | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-04-20 |
Doctor’s Choice Home Care
Sarasota, Florida, United States Doctor’s Choice Home Care is a medicare certified home health agency. Doctor’s Choice Home Care was founded in 2007 and is based in Sarasota, Florida. |
Sell | $120M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-10-12 |
Arrow Material Handling Products
Lenexa, Kansas, United States Arrow Material Handling Products fabricates and distributes forks and attachments for all makes and models of forklift trucks, skid steers, and construction equipment. Arrow's products are sold to customers that include construction companies, rental companies, farmers and ranchers, original equipment manufacturers, and machinery distributors. Arrow Material Handling Products was founded in 1969 and is based in Lenexa, Kansas. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1992 |
| Size | Small |
| Type | Sector Agnostic |
StoneCreek Capital is a private equity firm that targets investments in growth-oriented middle-market companies. Areas of interest include manufacturing (contract, niche), consumer products (branded, automotive accessories, Hispanic oriented), food service (products, services, restaurants), and business services (distribution, transportation, direct marketing/advertising). StoneCreek focuses on US based, with a preference for West Coast based opportunities. The Firm generally looks at transactions with minimum enterprise values of $10 million. Stone Creek can invest both equity and subordinated debt, and has an investment horizon of five to seven years. StoneCreek was formed in 1992 and is based in Irvine, California.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 3 |
| Sector: Retail M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 1 of 2 |
| State: California M&A | 1 of 2 |
| Country: United States M&A | 2 of 3 |
| Year: 2022 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-05-01 |
Rio Ranch Markets
Fontana, California, United States Rio Ranch Markets is an operator of a Hispanic supermarket chain. Rio primarily serves the Hispanic community by replicating the open-air atmosphere of a traditional Latin American marketplace, providing freshly prepared foods, bakery, tortilleria and basic everyday grocery, meat, produce, household needs. Rio Ranch Markets was founded in 1983 and is based in Fontana, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-07-24 |
Kova International
Garden Grove, California, United States Kova International is a developer, manufacturer, and marketer of in-vitro diagnostic products for the global urinalysis market. Kova International was founded in 1981 and is based in Garden Grove, California. |
Sell | - |
