M&A Deal Summary

CIC Partners Acquires McClancy

On January 1, 2020, private equity firm CIC Partners acquired food company McClancy

Acquisition Highlights
  • This is CIC Partners’ 8th transaction in the Food sector.
  • This is CIC Partners’ 39th transaction in the United States.
  • This is CIC Partners’ 2nd transaction in South Carolina.

M&A Deal Summary
Date 2020-01-01
Target McClancy
Sector Food
Buyer(s) CIC Partners
Deal Type Recapitalization

Target

McClancy

Fort Mill, South Carolina, United States
McClancy is a custom manufacturer of breading, batters, seasonings, spices, and dry-mixes serving the food service, retail, and contract manufacturing industries. The company utilizes its research and development center to create distinctive and customizable products to meet the changing needs of its national customer base. McClancy was formed in 1947 and is based in Fort Mill, South Carolina.

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Buyer(S) 1

Buyer

CIC Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1974
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

CIC Partners is a lower middle-market private equity firm that targets investments in energy, food service, manufacturing, service, retail, technology, and media companies. CIC looks for businesses generating sales of $10 to $500 million where the firm can invest $5 to $50 million of equity capital, either as a majority or minority position. Prospective transaction situations include management-led buyouts, growth financings, and recapitalizations. CIC Partners is the successor to Cardinal Investment Company's Private Equity Group, originally formed in 1974. CIC Partners is based in Dallas, Texas.

DEAL STATS #
Overall 40 of 43
Sector (Food) 8 of 8
Type (Recapitalization) 5 of 5
State (South Carolina) 2 of 2
Country (United States) 39 of 42
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-26 RMX Resources

California, United States

RMX Resources is an independent oil and gas company that focuses on the acquisition and development of conventionally developed producing oil properties in California. RMX Resources operates fields in conjunction with its Matrix Oil Corporation subsidiary.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-27 Tri State

Joaquin, Texas, United States

Tri-State is a provider of water transportation and disposal services primarily to oil and gas producers working in the Haynesville Shale. Its focus on safety, an experienced workforce, and a durable fleet of vehicles enable reliable project execution. Tri-State is based in Joaquin, Texas.

Buy -
Mergr

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