M&A Deal Summary |
|
|---|---|
| Date | 2022-06-03 |
| Target | Mucci Farms |
| Sector | Agriculture |
| Buyer(s) | Cox Enterprises |
| Sellers(s) | Novacap |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 1898 |
| Sector | Diversified |
| Employees | 50,000 |
Cox Enterprises is a global conglomerate with interests in communications, media, and automotive services. The company operates through its major subsidiaries, including Cox Communications, which is one of the largest broadband and entertainment companies in the United States, providing high-speed internet, digital television, and telephony services. Cox Automotive is another significant division, offering a wide array of automotive services and solutions, including vehicle remarketing, digital marketing, software solutions for automotive dealers, and financial services. Cox Media Group, although its portfolio has evolved over the years, has been involved in broadcasting, publishing, and digital media. Cox Enterprises was founded in 1898 and is headquartered in Atlanta, Georgia.
| DEAL STATS | # |
|---|---|
| Overall | 8 of 10 |
| Sector (Agriculture) | 1 of 1 |
| Type (Add-on Acquisition) | 5 of 7 |
| State (Ontario) | 1 of 1 |
| Country (Canada) | 1 of 1 |
| Year (2022) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-08-17 |
BrightFarms
Irvington, New York, United States BrightFarms is a provider of locally grown packaged salads, serving the freshest, tastiest, and most responsibly grown produce to consumers nationwide. BrightFarms operates hydroponic greenhouse farms in the communities it serves, enabling it to eliminate time, distance, and costs from the food supply chain. BrightFarms’ growing methods, a model for the future of scalable, sustainable local farming, use far less energy, land, and water than long-distance, field-grown agriculture. BrightFarms is based in Irvington, New York. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-08-08 |
Axios Media
Arlington, Virginia, United States Axios Media is a digital media company delivering trustworthy breaking news and invaluable insights to help readers and viewers get smarter, faster across the topics reshaping our lives in politics, tech, business, media, science and the world. Axios Media is based in Arlington Virginia. |
Buy | $525M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1981 |
| PE ASSETS | 8.0B CAD |
| Size | Mega |
| Type | Sector Agnostic |
Novacap is a large private equity firm focused on middle-market company acquisitions in Canada. Novacap pursues companies with $30 to $500 million in sales and will consider transactions valued up to $500 million. Target transaction situations include partial or full buyouts, spin-offs, take privates, recapitalizations, and growth capital financings. Novacap will consider opportunities in basic industries as well as high-growth tech sectors. Novacap was formed in 1981 and has offices in Toronto and Montreal.
| DEAL STATS | # |
|---|---|
| Overall | 21 of 30 |
| Sector (Agriculture) | 1 of 2 |
| Type (Add-on Acquisition) | 9 of 13 |
| State (Ontario) | 3 of 4 |
| Country (Canada) | 13 of 19 |
| Year (2022) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-04-12 |
Noble Foods Nutrition
Pointe-Claire, Quebec, Canada Noble Foods Nutrition is a manufacturer of nutrition and energy bars. Noble Foods Nutrition was founded in 1999 and is based in Pointe-Claire, Québec. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-06-29 |
Windmill Farms
Ashburn, Ontario, Canada Windmill Farms operates of farms specializing in the production of mushrooms. Windmill Farms is based in Ashburn, Ontario. |
Sell | - |
