M&A Deal Summary

Commensal Acquires Alasko

On October 16, 2020, Commensal acquired distribution company Alasko from L Catterton Partners and Forage Capital Partners

Acquisition Highlights
  • This is Commensal’s 1st transaction in the Distribution sector.
  • This is Commensal’s 1st transaction in Canada.
  • This is Commensal’s 1st transaction in Quebec.

M&A Deal Summary
Date 2020-10-16
Target Alasko
Sector Distribution
Buyer(s) Commensal
Sellers(s) L Catterton Partners
Forage Capital Partners
Deal Type Add-on Acquisition

Target

Alasko

Saint-Léonard, Quebec, Canada
Alasko specializes in importing, distributing, and marketing high-quality frozen fruits and vegetables from around the world. The company has the broadest product offering with more than 230 SKUs serving all distribution channels. Alasko was founded in 1989 and is based in Montreal, Quebec.

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Buyer(S) 1

Buyer

Commensal

Boisbriand, Quebec, Canada
Category Company
Sector Food
DESCRIPTION

Commensal specialized in the manufacturing and wholesale distribution of vegetarian foods. Through a variety of activities, Commensal promotes healthy eating.

DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1

Seller(S) 2

SELLER

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 67 of 103
Sector (Distribution) 3 of 3
Type (Add-on Acquisition) 30 of 47
State (Quebec) 1 of 2
Country (Canada) 3 of 5
Year (2020) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-15 98point6

Seattle, Washington, United States

98point6 is a virtual clinic provides primary care delivered by U.S. board-certified physicians who are empowered to diagnose, treat, prescribe, order labs and follow up with patients via our AI-powered, text-based mobile platform. 98point6 was founded in 2015 and is based in Seattle, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-18 R. M. Williams

Salisbury South, Australia

R. M. Williams is an iconic Australian brand focusing on high quality footwear, clothing and leather goods with a heritage inspired by the Australian outback. The company is mostly known for its strong offering in leather boots, which are a strong heritage product in Australia. R. M. Williams was founded in 1932 and is based in Salisbury South, Australia.

Sell -
SELLER

Forage Capital Partners

Category Growth Capital Firm
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Forage Capital Partners is a private investment firm focused on the agriculture and food industry. The Firm looks to provide growth capital and subordinated and will consider businesses throughout Canada. Specific areas of interest include crop inputs, food production/processing, equipment manufacturing, and branded food companies. Forage Capital Partners is headquartered in Calgary, Alberta.

DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Quebec) 1 of 1
Country (Canada) 1 of 1
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-08 Alasko

Saint-Léonard, Quebec, Canada

Alasko specializes in importing, distributing, and marketing high-quality frozen fruits and vegetables from around the world. The company has the broadest product offering with more than 230 SKUs serving all distribution channels. Alasko was founded in 1989 and is based in Montreal, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-24 Mother Raw

North York, Ontario, Canada

Mother Raw is a manufacture of line of fresh, consciously crafted and delicious plant-powered dressings, marinades, dips, condiments and quesos. Mother Raw offers an impressive variety of 20 delicious, refrigerated dressings to help make eating more plants more tasty, convenient, and versatile. Mother Raw is based in North York, Ontario.

Buy -
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