M&A Deal Summary

Clearlake Capital Acquires Wellness Pet

On November 18, 2020, private equity firm Clearlake Capital acquired consumer products company Wellness Pet from Berwind

Acquisition Highlights
  • This is Clearlake Capital’s 2nd transaction in the Consumer Products sector.
  • This is Clearlake Capital’s 61st transaction in the United States.
  • This is Clearlake Capital’s 3rd transaction in Massachusetts.

M&A Deal Summary

Date 2020-11-18
Target Wellness Pet
Sector Consumer Products
Buyer(s) Clearlake Capital
Sellers(s) Berwind
Deal Type Secondary Buyout
Advisor(s) Centerview Partners (Financial)

Target

Wellness Pet

Tewksbury, Massachusetts, United States
Wellness Pet is a pioneer in the natural pet food movement by offering nutritional recipes with the highest quality ingredients for dogs and cats. Wellness Pet was established in 1926 and is headquartered in Tewksbury, Massachusetts.

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Buyer(S) 1

Buyer

Clearlake Capital

Santa Monica, California, United States

Category Private Equity Firm
Founded 2006
PE ASSETS 72.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Clearlake Capital Group is a private equity firm that focuses on corporate divestitures, recapitalizations, buyouts, restructurings, rescue financing, growth capital, turnarounds, and other equity investments. Clearlake seeks to partner with strong management teams by providing long-term capital and operational expertise. Areas of interest include technology, industrials, and consumer. Clearlake Capital Group was formed in 2006 and is based in Santa Monica, California.


DEAL STATS #
Overall 64 of 88
Sector (Consumer Products) 2 of 3
Type (Secondary Buyout) 25 of 38
State (Massachusetts) 3 of 6
Country (United States) 61 of 83
Year (2020) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-17 Zywave

Milwaukee, Wisconsin, United States

Zywave is a provider of SaaS solutions that drive improved performance in sales, marketing and customer retention for commercial insurance and benefits brokerages. The company’s products deliver more initial prospect meetings, better close rates, shorter selling cycles and higher customer retention in the intensely competitive brokerage market. Zywave serves the vast majority of the leading brokerages in the U.S. including both large and small- to medium-sized brokers in all 50 states. Zywave is based in Milwaukee, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-19 nThrive - Technology Division

Alpharetta, Georgia, United States

nThrive's Technology Division is a healthcare revenue cycle management ("RCM") software-as-a-service ("SaaS") platform. nThrive's Technology Division is based in Alpharetta, Georgia.

Buy -

Seller(S) 1

SELLER

Berwind

Philadelphia, Pennsylvania, United States

Category Family Office
Founded 1886
Size Large
Type Sector Agnostic
DESCRIPTION

Berwind Corporation is a family-owned private investment firm focused on building a diversified portfolio of highly successful manufacturing and service companies. Target companies should be leaders in their respective markets, with strong organic growth prospects, and consistently high margins. Specific areas of interest include pharmaceutical, specialty chemical, office and craft, automotive, and natural resources. Acquisitions of any size are considered if they are assimilated into an existing Berwind company. Potential new platform companies range in value between $300 and $1500 million. Berwind Corporation dates back to 1886 and is based in Philadelphia, Pennsylvania.


DEAL STATS #
Overall 5 of 6
Sector (Consumer Products) 3 of 3
Type (Secondary Buyout) 2 of 2
State (Massachusetts) 1 of 1
Country (United States) 4 of 5
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-10 BWA Water Additives

Manchester, United Kingdom

BWA Water Additives Ltd. is a provider of sustainable water & process treatment additives for oil & gas, industrial water treatment, and desalination industries. BWA Water Additives was founded in 1973 and is based in Manchester, United Kingdom.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-06 ECCO Safety Group

Boise, Idaho, United States

ECCO Safety Group is a provider of audible warning equipment and emergency lighting for commercial and emergency vehicles and home to brands like ECCO and Code 3. ECCO Safety Group is based in Boise, Idaho.

Sell -