M&A Deal Summary

L Catterton Partners and Clairvest Group Acquire Reliance Protectron Security Services

On June 1, 2002, growth capital firm L Catterton Partners and private equity firm Clairvest Group acquired safety/security company Reliance Protectron Security Services for 115M USD

Acquisition Highlights
  • This is L Catterton Partners’ 1st and Clairvest Group’s 1st transaction in the Safety/Security sector.
  • This is L Catterton Partners’ 8th and Clairvest Group’s largest (disclosed) transaction.
  • This is L Catterton Partners’ 1st and Clairvest Group’s 6th transaction in Canada.
  • This is L Catterton Partners’ 1st and Clairvest Group’s 1st transaction in Alberta.
Investment Fate
  • Reliance Protectron Security Services merged with another company in 2007.

M&A Deal Summary

Date 2002-06-01
Target Reliance Protectron Security Services
Sector Safety/Security
Buyer(s) L Catterton Partners
Clairvest Group
Deal Type Recapitalization
Deal Value 115M USD

Target

Reliance Protectron Security Services

Edmonton, Alberta, Canada
Reliance Protectron Security Services is a provider of home and business security systems serving 77,000 customers in Canada.

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Buyer(S) 2

Buyer

L Catterton Partners

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1989
PE ASSETS 30.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

L Catterton is a private equity firm that targets investments in consumer-related companies located throughout North America. L Catterton looks for businesses with identifiable brands and operating in 'defensible and extensible' positions within growth industry segments. Specific sectors of interest include branded consumables, food/beverages, consumer services, restaurants, media and marketing, household durables, specialty retail, mass merchant retail, and luxury/apparel. Prospective transactions include management buyouts, recapitalizations, turnarounds, and growth financings. L Catterton was formed in 1990 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 13 of 221
Sector (Safety/Security) 1 of 2
Type (Recapitalization) 1 of 3
State (Alberta) 1 of 2
Country (Canada) 1 of 6
Year (2002) 1 of 2
Size (of disclosed) 8 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-10-30 Odwalla

Dinuba, California, United States

Odwalla is a producer of all-natural, super-premium juices and smoothies, dairy-free shakes, natural spring water, and food bars serving thousands of accounts coast to coast. Odwalla was formed in 1980 and is based in Dinuba, 93618, California.

Sell $181M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-01 Ferrara Candy

Round Lake, Minnesota, United States

Ferrara Candy Co., Inc. is a manufacturer and distributor of quality confectionery and gum products, offering full line, full service opportunities to all classes of trade in the United States.

Buy -
Buyer

Clairvest Group

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 4.5B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Clairvest Group is a generalist Canadian private equity firm focused on mid-market businesses with C$10 to C$50 million of EBITDA. While Clairvest does not have any sector preferences, the Firm prefers fragmented sectors with recurring revenue business models and economies of scale. Clairvest will consider both minority and majority investment positions and invests in the range of C$25- C$100 million per transaction. Clairvest was formed in 1987 and is based in Toronto.


DEAL STATS #
Overall 8 of 54
Sector (Safety/Security) 1 of 1
Type (Recapitalization) 1 of 3
State (Alberta) 1 of 3
Country (Canada) 6 of 21
Year (2002) 3 of 4
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 Van-Rob

Aurora, Ontario, Canada

Van-Rob is at the forefront of the automotive industry in Imagination, Innovation and Technologically-advanced automotive systems and complex modules. As a Tier One supplier to the major automobile manufacturers, Van-Rob is a full-service, rapidly expanding automotive industry leader in the design and manufacture of metal stampings, modular welded assemblies, structural welded assemblies, mechanical assemblies and heat shields for thermal applications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-11-12 Sparkling Spring Water Holdings

Dartmouth, Nova Scotia, Canada

Sparkling Spring Water Holdings Ltd. is a providers of bottled water, delivered directly to residential and commercial markets.

Sell -