M&A Deal Summary

Central Garden Acquires TDBBS

On November 3, 2023, Central Garden acquired consumer products company TDBBS from Bregal Partners

Acquisition Highlights
  • This is Central Garden’s 3rd transaction in the Consumer Products sector.
  • This is Central Garden’s 13th transaction in the United States.
  • This is Central Garden’s 1st transaction in Virginia.

M&A Deal Summary
Date 2023-11-03
Target TDBBS
Sector Consumer Products
Buyer(s) Central Garden
Sellers(s) Bregal Partners
Deal Type Add-on Acquisition
Advisor(s) Lazard Ltd. (Financial)
Dechert (Legal)

Target

TDBBS

Richmond, Virginia, United States
TDBBS specializes in the manufacture, distribution, and sale of pet-related products throughout the United States and abroad. TDBBS provides a diverse line of unique products in the pet industry including all-natural dog treats and chews. TDBBS was founded in 2008 and is based in Richmond, Virginia.

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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 13 of 13
Sector (Consumer Products) 3 of 3
Type (Add-on Acquisition) 12 of 12
State (Virginia) 1 of 1
Country (United States) 13 of 13
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-01 D&D Commodities

Stephen, Minnesota, United States

D&D Commodities develops, manufactures and sells food for birds, small animals and wildlife under the 3D, Wild Delight, Better Bird and L’Avian Plus brands. The company operates three manufacturing plants in Stephen, Minn., Argyle, Minn. and Greeley, Col. and sells to large retailers, farm & feed, garden centers and online. D&D Commodities was established in 1987 and headquartered in Stephen, Minnesota.

Buy -

Seller(S) 1

SELLER

Bregal Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2012
PE ASSETS 1.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Bregal Partners is a private equity firm that invests in industry leading middle-market companies that generate $5 to $75 million or more of EBITDA. Sectors of interest include consumer products, restaurants, healthcare, food, beverages, business services, and consumer services. Bregal Partners is based in New York City and is part of Bregal Investments, a global family of private equity and fund investment vehicles.

DEAL STATS #
Overall 1 of 2
Sector (Consumer Products) 1 of 2
Type (Add-on Acquisition) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 2
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-10 Juniper

Fort Myers, Florida, United States

Juniper is a growing commercial landscaping platform providing a full suite of installation and maintenance services to homeowners’ associations, commercial, government, and a variety of other clients. Juniper was founded in 2003 and is based in Fort Myers, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-27 United Sports Brands

Fountain Valley, California, United States

United Sports Brands is a provider of technology-driven sports protective equipment. The company sells mission-critical products used at every level of sport including mouthguards, protective gear, sports medicine and therapy, cycling, gloves, and other sport focused accessories and apparel. United Sports Brands was founded in 1992 and is based in Fountain Valley, California.

Sell -
Mergr

Product

Company

Legal