M&A Deal Summary

Centre Lane Partners Acquires Instant Brands - Appliances Division

On November 14, 2023, private equity firm Centre Lane Partners acquired consumer products company Instant Brands - Appliances Division from Instant Brands

Acquisition Highlights
  • This is Centre Lane Partners’ 4th transaction in the Consumer Products sector.
  • This is Centre Lane Partners’ 1st transaction in Canada.
  • This is Centre Lane Partners’ 1st transaction in Ontario.

M&A Deal Summary

Date 2023-11-14
Target Instant Brands - Appliances Division
Sector Consumer Products
Buyer(s) Centre Lane Partners
Sellers(s) Instant Brands
Deal Type Divestiture

Target

Instant Brands - Appliances Division

Ottawa, Ontario, Canada
Instant Brands's Appliances Division includes the Instant Pot, Instant Vortex Air Fryer, and other kitchen appliances. Instant Brands's Appliances Division is based in Ottawa, Ontario.

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Buyer(S) 1

DESCRIPTION

Centre Lane Partners is a private investment firm focused on making credit and equity, control and non-control, investments in North American middle-market companies. Centre Lane targets companies with revenues between $20 and $500 million that have leading market positions and sustainable competitive advantages in their respective niches. The Firm does not have any sector preferences and seeks to invest $5 to $250 million per transaction. Centre Lane Partners was formed in 2007 and is headquartered in New York City.


DEAL STATS #
Overall 17 of 17
Sector: Consumer Products M&A 4 of 4
Type: Divestiture M&A Deals 4 of 4
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-15 Infobase

Dover, Delaware, United States

Infobase is a provider of cloud-based educational solutions, integrating content, tools, and technology to foster lifelong learning and deliver interactive learning experiences. Infobase was founded in 1941 and is based in Dover, Delaware.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-14 Alternative Biomedical Solutions

Carrollton, Texas, United States

Alternative Biomedical Solutions is a supplier of high-performance mass spectrometry, toxicology and chemistry measurement systems. ABS offers a comprehensive line of analyzers, reagents, consumables, laboratory data management systems, and customized service agreements. Alternative Biomedical Solutions is based in Carrollton, Texas.

Sell -

Seller(S) 1

SELLER

Instant Brands

Ottawa, Ontario, Canada

Category Company
Founded 2009
Sector Consumer Products
DESCRIPTION

Instant Brands specializes in designing and marketing innovative small kitchen appliances for busy home cooks who live a health-conscious and eco-friendly lifestyle. Known for its multi-functional and signature Instant Pot®, which combines up to 10 different appliances into a single product, Instant Brands has experienced tremendous growth and become a leading brand in the small kitchen appliance industry as it expands its customer base and diversifies its lineup of products, including its cooking blender, multicooker, sous vide immersion circulator and related accessories.


DEAL STATS #
Overall 2 of 2
Sector: Consumer Products M&A 2 of 2
Type: Divestiture M&A Deals 2 of 2
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-07 Revere Ware Parts

Canton, Massachusetts, United States

Revere Ware Parts is a cookware brand manufactures iconic copper-clad stainless-steel construction. Revere Ware Parts is based in Canton, Massachusetts.

Sell -