M&A Deal Summary

CriticalPoint Capital Acquires Agway Farm & Home

On December 21, 2020, private equity firm CriticalPoint Capital acquired distribution company Agway Farm & Home from Southern States

Acquisition Highlights
  • This is CriticalPoint Capital’s 1st transaction in the Distribution sector.
  • This is CriticalPoint Capital’s 7th transaction in the United States.
  • This is CriticalPoint Capital’s 1st transaction in Virginia.

M&A Deal Summary
Date 2020-12-21
Target Agway Farm & Home
Sector Distribution
Buyer(s) CriticalPoint Capital
Sellers(s) Southern States
Deal Type Divestiture

Target

Agway Farm & Home

Richmond, Virginia, United States
Agway Farm & Home is a wholesale product distribution company that offers wild and caged bird products, including bird seeds, baffles and guards, baths and accessories. Agway Farm & Home was founded in 1964 and is based in Richmond, Virginia.

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Buyer(S) 1

Buyer

CriticalPoint Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2012
Size Small
Type Sector Agnostic
DESCRIPTION

CriticalPoint Capital is a private equity firm focused on making control and non-control investments to support distressed situations, acquisitions, recapitalizations, or growth capital needs. CriticalPoint seeks businesses with recurring revenue and operating in sectors undergoing transition. CriticalPoint will consider companies with up to $500 million in revenue and up to $10 million of EBITDA. CriticalPoint Capital is based in Manhattan Beach, California.

DEAL STATS #
Overall 7 of 7
Sector (Distribution) 1 of 1
Type (Divestiture) 6 of 6
State (Virginia) 1 of 1
Country (United States) 7 of 7
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-16 United

Mt. Laurel, New Jersey, United States

United Engineers & Constructors is an infrastructure engineering, procurement, construction, and consulting company dedicated to improving lives by delivering the most impactful solutions. The company serves the power industry by providing comprehensive lifecycle services for the nuclear, conventional generation, renewable, and distributed energy markets. United is based in Mt. Laurel, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 Arlon Electronic Materials Division

Rancho Cucamonga, California, United States

Arlon Electronic Materials Division is a manufacturer of specialty, high-performance laminate and prepreg materials used in the construction of printed circuit boards for a wide variety of applications. Arlon Electronic Materials Division was formed in 2015 and is based in Rancho Cucamonga, California.

Sell -

Seller(S) 1

SELLER

Southern States

Richmond, Virginia, United States
Category Company
Founded 1923
Sector Agriculture
DESCRIPTION

Southern States is a retail agricultural cooperative serving agronomy, energy, and farm supply needs. Southern States serves a wide range of farm inputs including fertilizer, seed, livestock feed, pet food, animal health supplies, and petroleum products, as well as other items for the farm and home. Southern States was founded in 1923 and is based in Richmond, Virginia.

DEAL STATS #
Overall 1 of 1
Sector (Distribution) 1 of 1
Type (Divestiture) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1
Mergr

Product

Company

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