Consolidation • Food

Cambria Group and CIC Partners Acquire River Point Farms

On April 15, 2007, private equity firms Cambria Group and CIC Partners acquired food company River Point Farms

Acquisition Context
  • This is Cambria Group’s 1st and CIC Partners’ 3rd transaction in the Food sector.
  • This is Cambria Group’s 10th and CIC Partners’ 21st transaction in the United States.
  • This is Cambria Group’s 1st and CIC Partners’ 1st transaction in Oregon.
Investment Fate
  • River Point Farms was sold to a strategic buyer in 2017.

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M&A Deal Summary

Date April 15, 2007
Target River Point Farms
Sector Food
Buyer(s) Cambria Group
CIC Partners
Deal Type Consolidation

Target Company

River Point Farms

Hermiston, Oregon, United States
River Point Farms is a producer, shipper, and processor of onions; including yellow, white, red, sweet and organic onions. River Point Farms was founded in 2007 and is based in Hermiston, Oregon.
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Buyers Overview 2

Buyer

Cambria Group

Dallas, Texas, United States

Investor Investor Investor


Category Private Equity Firm
Founded 1996
Size Small
Type Sector Agnostic
DESCRIPTION

The Cambria Group is a private equity firm that targets investments in small and mid-sized companies. Cambria prefers control investment situations where the firm can invest up to $5 million in businesses valued less than $25 million. Target companies typically generate sales up to $50 million and operate in the manufacturing, processing, distribution, transportation, or service sectors. Cambria will not invest in retail, technology, or healthcare. The Cambria Group was formed in 1996 and is based in Dallas, Texas.


Deal Context for Buyer #
Overall 10 of 16
Sector: Food 1 of 2
Type: Consolidation 1 of 2
State: Oregon 1 of 1
Country: United States 10 of 16
Year: 2007 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-11-01 Peak Broadcasting

Boise, Idaho, United States

Peak Broadcasting is an acquirer and operator of radio stations. Peak operates a cluster of five radio stations in Fresno, CA and a cluster of six radio stations in Boise, ID. Peak Broadcasting was founded in 2006 and is based in Boise, Idaho.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-09 WebEquity Solutions

Omaha, Nebraska, United States

WebEquity Solutions LLC is a provider of on-demand lending software solutions.

Buy -
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 Context for Buyer #
Overall 22 of 45
Sector: Food 3 of 8
Type: Consolidation 1 of 2
State: Oregon 1 of 1
Country: United States 21 of 44
Year: 2007 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Schuepbach Energy

Dallas, Texas, United States

Schuepbach Energy is an energy exploration company formed mission is to find, capture, and exploit large energy resource plays both domestically and internationally, with a primary focus on shale formations. Schuepbach Energy was formed in 2007 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-12 Red Mango

Dallas, Texas, United States

Red Mango opened its first non-fat frozen yogurt cafe in Los Angeles in July 2007. The concept offers non-fat, healthy, authentic frozen yogurt (rich in probiotics) in Original and Green Tea flavors, served with a variety of toppings including fresh fruit, cereal, and granola. Red Mango currently has 23 upscale retail locations, and 20 under construction in 4 states.

Buy -