Buyout (LBO, MBO, MBI) • Beverages

Celerant Capital Acquires Krier

On June 9, 2022, private equity firm Celerant Capital acquired beverage company Krier

Acquisition Context

This is Celerant Capital’s 1st transaction in the Beverages sector.
This is Celerant Capital’s 2nd transaction in the United States.
This is Celerant Capital’s 1st transaction in Wisconsin.

Explore All 206 Buyout (LBO, MBO, MBI) Beverages Deals - Search the Database Free

M&A Deal Summary
Date	June 9, 2022
Target	Krier
Sector	Beverages
Buyer(s)	Celerant Capital
Deal Type	Buyout (LBO, MBO, MBI)
Advisor(s)	Baker Tilly Capital (Financial) O'Neil, Cannon, Hollman, DeJong & Laing (Legal)

Target Company

Krier

Random Lake, Wisconsin, United States

Krier is a manufacturer of a wide variety of Ready to Drink (RTD) beverages packaged in aluminum cans. Krier's canned beverage innovation through its Jolly Good brand and providing high-quality contract manufacturing services for its customers’ portfolio of established and emerging brands. Krier was founded in 1908 and is based in Random Lake, Wisconsin.

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Buyer Overview 1

Buyer

Celerant Capital

San Antonio, Texas, United States

Investor

Category	Private Equity Firm
Founded	2009
Size	Small
Type	Sector Focused

DESCRIPTION

Celerant Capital is an operationally oriented private equity firm focused on acquiring and managing middle-market companies valued between $75 and $200 million. The Firm prefers control situations and will consider a variety of transaction situations including buyouts, take privates, corporate divestitures, turnarounds, and select bankruptcy situations. Sectors of interest include business services, chemicals, consumer products, distribution, energy, healthcare services, infrastructure, and manufacturing. Celerant Capital is based in Wayne, Pennsylvania.

Deal Context for Buyer	#
Overall	2 of 2
Sector: Beverages	1 of 1
Type: Buyout (LBO, MBO, MBI)	1 of 1
State: Wisconsin	1 of 1
Country: United States	2 of 2
Year: 2022	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2021-08-17	Ameriqual Group Evansville, Indiana, United States AmeriQual Group is a food processing company that specializes in the development, processing, packaging, and distribution of high-quality shelf-stable foods. Ameriqual provides innovative solutions to major branded food companies, food service providers, retailers, and the United States Department of Defense. Ameriqual Group was founded in 1987 and is based in Evansville, Indiana.	Sell	-

DATE

TARGET

DEAL TYPE

VALUE

2021-08-17

Ameriqual Group

Evansville, Indiana, United States

AmeriQual Group is a food processing company that specializes in the development, processing, packaging, and distribution of high-quality shelf-stable foods. Ameriqual provides innovative solutions to major branded food companies, food service providers, retailers, and the United States Department of Defense. Ameriqual Group was founded in 1987 and is based in Evansville, Indiana.

Sell

Explore Related M&A Activity

Beverages M&A - Buyout (LBO, MBO, MBI) M&A Deals - Wisconsin M&A - United States M&A - 2022 M&A