M&A Deal Summary

Central Garden Acquires Green Garden Products

On December 31, 2020, Central Garden acquired consumer products company Green Garden Products from Freeman Spogli for 532M USD

Acquisition Highlights
  • This is Central Garden’s 2nd transaction in the Consumer Products sector.
  • This is Central Garden’s largest (disclosed) transaction.
  • This is Central Garden’s 10th transaction in the United States.
  • This is Central Garden’s 2nd transaction in Massachusetts.

M&A Deal Summary
Date 2020-12-31
Target Green Garden Products
Sector Consumer Products
Buyer(s) Central Garden
Sellers(s) Freeman Spogli
Deal Type Add-on Acquisition
Deal Value 532M USD
Advisor(s) William Blair
BlackArch (Financial)

Target

Green Garden Products

Norton, Massachusetts, United States
Green Garden Products LLC is a supplier of branded, consumable gardening products. Green Garden Products is a provider of seed packets and seed starter products for flower and vegetable gardens in North America, and an emerging participant in the specialty soil and plant nutrient categories. Green Garden Products was founded in 1980 and is based in Norton, Massachusetts.

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Buyer(S) 1

Buyer

Central Garden

Walnut Creek, California, United States
Category Company
Founded 1955
Sector Consumer Products
Employees6,700
Revenue 3.3B USD (2023)
DESCRIPTION

Central Garden is a marketer and producer of quality branded products for the pet and lawn and garden supplies markets. Central Garden & Pet's products include pet bird and small animal food, aquarium products, flea, tick, mosquito and other pest control products, edible bones, cages, carriers, pet books, and other dog, cat, reptile and small animal products. Central Garden was founded in 1955 and is headquartered in Walnut Creek, California.

DEAL STATS #
Overall 10 of 13
Sector (Consumer Products) 2 of 3
Type (Add-on Acquisition) 9 of 12
State (Massachusetts) 2 of 2
Country (United States) 10 of 13
Year (2020) 2 of 2
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-17 Hopewell Nursery

Bridgeton, New Jersey, United States

Hopewell Nursery, Inc. is live goods grower serving retail nurseries, landscape contractors, wholesalers and garden centers across. Hopewell Nursery is based in Bridgeton, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 DoMyOwn

Norcross, Georgia, United States

P&M Solutions LLC is an online retailer of professional-grade control products. P&M Solutions is based in Norcross, Georgia.

Buy -

Seller(S) 1

SELLER

Freeman Spogli

Los Angeles, California, United States
Category Private Equity Firm
Founded 1983
PE ASSETS 7.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Freeman Spogli & Co. is a private equity firm focused on acquiring middle-market retail, direct marketing, and distribution companies. The Firm will consider opportunities throughout North America and prefers partnering with management when pursuing acquisitions. Freeman Spogli looks to invest $75 to $300 million in transactions valued up to $750 million. Freeman Spogli was formed in 1983 and is based in Los Angeles, California with an additional office in New York City.

DEAL STATS #
Overall 22 of 25
Sector (Consumer Products) 1 of 2
Type (Add-on Acquisition) 6 of 8
State (Massachusetts) 1 of 1
Country (United States) 21 of 24
Year (2020) 1 of 1
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 Brooklinen

Brooklyn, New York, United States

Brooklinen offers global customers a curated collection of stylish, luxury-grade linens at an accessible price-point. The brand was founded on the philosophy that people deserve simple, beautiful home essentials without the luxury markup. It manufactures responsibly and efficiently to offer exquisite design and exceptional savings, bringing effortless, affordable luxury to any home. Brooklinen was formed in 2014 and is based in Brooklyn, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-06 NearU

Charlotte, North Carolina, United States

NearU is a technology-enabled customer service platform that provides residential and light commercial HVAC services. The company is well-capitalized and seeks to grow aggressively, both organically and by acquiring or partnering with leading HVAC contractors. NearU was formed in 2018 and is based in Charlotte, North Carolina.

Buy -
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