Investment Summary

Centre Partners, Monroe Capital and Constitution Capital Partners Invest In Sabrosura Foods

On October 21, 2019, private equity firm Centre Partners, lender Monroe Capital and private equity firm Constitution Capital Partners invested in food company Sabrosura Foods

Investment Highlights
  • This is Centre Partners’ 6th, Monroe Capital’s 2nd and Constitution Capital Partners’ 5th transaction in the Food sector.
  • This is Centre Partners’ 47th, Monroe Capital’s 82nd and Constitution Capital Partners’ 51st transaction in the United States.
  • This is Centre Partners’ 2nd, Monroe Capital’s 3rd and Constitution Capital Partners’ 3rd transaction in Minnesota.

Investment Summary

Date 2019-10-21
Target Sabrosura Foods
Sector Food
Investor(s) Centre Partners
Monroe Capital
Constitution Capital Partners
Deal Type Growth Capital

Target

Sabrosura Foods

Bloomington, Minnesota, United States
Sabrosura Foods is a manufacturer of Hispanic foods, including cheeses, desserts, and meats. Sabrosura has several authentic Hispanic brands including El Viajero, La Morenita, Reynaldo’s and Bio Salud! alongside broad private label capabilities. Sabrosura maintains a national footprint with multiple best-in-class facilities that serve a wide range of end markets. Sabrosura Foods was founded in 1985 and is based in Bloomington, Minnesota.

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Investor(S) 3

Investor

Centre Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Centre Partners is a private equity firm focused on investments in North American middle-market companies 'with strong growth prospects, predictable cash flows, and defensible competitive positions'. Prospective transactions include investments in privately owned companies, growth capital financings, management buyouts/buy-ins, divestitures, and take privates. The Firm's typical investment size is $20 to $50 million. Areas of interest include consumer products and services, cable/media, business services, energy, financial services, healthcare, industrial, and retail. Centre Partners was formed in 1986 and has offices in New York, New York and Los Angeles, California.


DEAL STATS #
Overall 49 of 56
Sector: Food M&A 6 of 6
Type: Growth Capital M&A Deals 13 of 13
State: Minnesota M&A 2 of 2
Country: United States M&A 47 of 54
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 Stonewall Kitchen

York, Maine, United States

Stonewall Kitchen is a specialty food and home goods producer selling jams and jellies at local farmers' markets with a flavorful line of distinctive and high-quality products. Stonewall expanded the brand to include sauces, condiments, crackers, and baking mixes, always focusing on innovative product development, beautiful packaging, and exceptional guest service. Stonewall Kitchen was founded in 1991 and is based in York, Maine.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-06 United Land Services

Jacksonville, Florida, United States

United Land Services is a provider of commercial and residential landscape services in the Southeastern US. United Land Services takes a team first approach and believes that culture is the only sustainable competitive advantage in the industry. United Land Services was founded in 2020 and is based in Jacksonville, Florida.

Buy -
Investor

Monroe Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Lender
Founded 2004
PE ASSETS 14.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Monroe Capital is a provider of senior and junior debt and equity co-investments to middle-market companies in the US and Canada. Investment types include unitranche financings, cash flow and enterprise value based loans, asset based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments. Monroe Capital is a generalist investor and will consider companies in the healthcare, technology, media, retail, consumer sectors. Monroe Capital was formed in 2004 and is based in Chicago, Illinois.


DEAL STATS #
Overall 82 of 135
Sector: Food M&A 2 of 3
Type: Growth Capital M&A Deals 32 of 41
State: Minnesota M&A 3 of 7
Country: United States M&A 82 of 134
Year: 2019 M&A 7 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-01 Sweetmore Bakeries

Park Ridge, Illinois, United States

Sweetmore Bakeries operates bakeries, including Main Street Gourmet, Biscotti Brothers, and Meurer Brothers – delivering stock and custom bakery products to the retail in-store bakery (“ISB”) and national restaurant channels. Sweetmore focuses on high quality and innovative products to help customers differentiate their sweet baked goods and improve operations. Sweetmore Bakeries is based in Park Ridge, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-06 Landpoint

Fort Worth, Texas, United States

Landpoint is a registered land surveyors and engineers providing nation-wide coverage for projects of all sizes. Landpoint’s core service offering includes land surveying, aerial data collection, 3D laser scanning, and geographic information systems. The Company serves a range of market sectors including energy, industrial, commercial, and utility, with notable strengths in serving large-scale, linear utility projects, including midstream oil & gas, electric transmission and distribution, water conveyance, and fiber optic networks. Landpoint was founded in 1985 and is based in Fort Worth, Texas.

Sell -
Investor
DESCRIPTION

Constitution Capital Partners is a private equity and asset management firm focused on opportunities throughout North America. Constitution Capital typically invests in private equity partnerships, however the Firm also makes direct private equity and credit investments. Constitution Capital Partners does not have any sector preferences. Constitution Capital Partners was formed in 2008 and is headquartered in Andover, Massachusetts.


DEAL STATS #
Overall 55 of 89
Sector: Food M&A 5 of 7
Type: Growth Capital M&A Deals 9 of 15
State: Minnesota M&A 3 of 5
Country: United States M&A 51 of 83
Year: 2019 M&A 13 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-07 Simple Mills

Chicago, Illinois, United States

Simple Mills offers more than 30 baking mixes, crackers, cookies, bars and frostings that are free of gluten, grain, dairy, soy, GMOs, excessive sugar, gums, emulsifiers, and anything artificial. All products are made exclusively with real, whole-food ingredients like nutrient-dense almond flour, unrefined coconut sugar and sprouted seeds that work hard for the body in every bite while delivering taste that regularly earns five-star ratings from customers. Simple Mills was founded in 2012 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Founders Table

Rye Brook, New York, United States

Founders Table create, acquire, and cultivate innovative and profitable founder-led restaurant companies. Founders Table was founded in 2020 and is based in Rye Brook, New York.

Buy -