M&A Deal Summary

Cargill Acquires Pro-Pet

On January 2, 2018, Cargill acquired food company Pro-Pet from H.I.G. Private Equity

Acquisition Highlights
  • This is Cargill’s 11th transaction in the Food sector.
  • This is Cargill’s 13th transaction in the United States.
  • This is Cargill’s 2nd transaction in Ohio.

M&A Deal Summary

Date 2018-01-02
Target Pro-Pet
Sector Food
Buyer(s) Cargill
Sellers(s) H.I.G. Private Equity
Deal Type Add-on Acquisition

Target

Pro-Pet

St. Marys, Ohio, United States
Pro-Pet LLC is a manufacturer of private label and co-manufactured pet foods, including premium dog food brand Black Gold. Pro-Pet was founded in 1996 and is based in St. Marys, Ohio.

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Buyer(S) 1

Buyer

Cargill

Wayzata, Minnesota, United States

Category Company
Founded 1865
Sector Agriculture
Employees142,000
Revenue 136.6B USD (2012)
DESCRIPTION
Cargill's corporate headquarters in Wayzata, Minnesota.
Cargill's corporate headquarters in Wayzata, Minnesota.

Cargill is a global company involved in the food, agriculture, financial, and industrial sectors. Its operations include the trading, processing, and distribution of agricultural commodities; production of meat, poultry, and other food products for both retail and foodservice markets; and the provision of essential industrial products like salt and bio-industrial materials. Cargill was formed in 1865 and is based in Wayzata, Minnesota.


DEAL STATS #
Overall 29 of 41
Sector (Food) 11 of 18
Type (Add-on Acquisition) 17 of 25
State (Ohio) 2 of 2
Country (United States) 13 of 19
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-27 Integral Animal Nutrition

Brazil

Integral Animal Nutrition is a cattle feed producer. Integral Animal Nutrition is based in Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-30 Campollo S.A

Bucaramanga, Colombia

Campollo S.A is a producer of chicken and protein products. Campollo was founded in 2004 and is based in Bucaramanga, Colombia.

Buy -

Seller(S) 1

SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.


DEAL STATS #
Overall 93 of 175
Sector (Food) 5 of 6
Type (Add-on Acquisition) 40 of 72
State (Ohio) 3 of 5
Country (United States) 71 of 120
Year (2018) 1 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Parachute Home

Culver, California, United States

Parachute Home is a digitally-native brand offering high quality, responsibly sourced and manufactured bedding, bath, rugs, tabletop and other home essentials. Parachute Home was founded in 2014 and is based in Culver City, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-03 Digital Room

Sherman Oaks, California, United States

Digital Room is a printing company that provides printing services. DigitalRoom offers convenient marketing support services such as design, lists, and direct mailing to help grow small and medium-size businesses nationwide. Digital Room offers a broad array of marketing products for small and medium-sized businesses through a portfolio of uniquely branded eCommerce websites, including Uprinting.com, Signs.com logosportswear.com, packola.com, eSigns.com, PrintPlace.com, NextDayFlyers.com, PrintRunner.com, and 48HourPrint.com. Digital Room was founded in 1996 and is based in Sherman Oaks, California.

Buy -