M&A Deal Summary

CTI Foods Acquires Liguria Foods

On February 15, 2016, CTI Foods acquired food company Liguria Foods from Ancor Capital Partners, BBHCP Private Equity and Hillstar Capital

Acquisition Highlights
  • This is CTI Foods’ 1st transaction in the Food sector.
  • This is CTI Foods’ 1st transaction in the United States.
  • This is CTI Foods’ 1st transaction in Iowa.

M&A Deal Summary

Date 2016-02-15
Target Liguria Foods
Sector Food
Buyer(s) CTI Foods
Sellers(s) Ancor Capital Partners
BBHCP Private Equity
Hillstar Capital
Deal Type Add-on Acquisition

Target

Liguria Foods

Humboldt, Iowa, United States
Liguria Foods, Inc. is a producer of high-quality pepperoni, salami, and other premium protein pizza toppings for both pizzerias and sandwich shops.

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Buyer(S) 1

Buyer

CTI Foods

Wilder, Idaho, United States

Category Company
Founded 2003
Sector Food
DESCRIPTION

CTI Foods is a provider of value-added, processed precooked, frozen and fresh food products to many of the country's leading quick service and casual dining restaurant chains. CTI Foods' major products include pre-cooked taco meat, steak and chicken fajita meat, soups and sauces, hamburger patties and dehydrated pinto beans. CTI Foods was founded in 2003 and is based in Wilder, Idaho.


DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Iowa M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 3

SELLER

Ancor Capital Partners

Southlake, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
Size Small
Type Sector Agnostic
DESCRIPTION

Ancor Capital Partners is a private equity firm focused on recapitalizations of lower middle-market companies operating in the manufacturing, distribution, and healthcare sectors. Prospective businesses are generally valued between $25 and $150 million and are profitable with EBITDA of $5 to $15 million. The Firm prefers businesses located in the US. Ancor will does not invest in start-ups, turnarounds, or businesses in real estate, or energy exploration. Ancor Capital Partners was formed in 1994 and is based in Southlake, Texas.


DEAL STATS #
Overall 6 of 14
Sector: Food M&A 1 of 4
Type: Add-on Acquisition M&A Deals 4 of 10
State: Iowa M&A 1 of 1
Country: United States M&A 6 of 14
Year: 2016 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-09 Advanced Tissue

Little Rock, Arizona, United States

Advanced Tissue is a provider of non‐prescription, physician-recommended traditional and active wound care supplies. The Company packages and ships traditional and advanced wound care products to the homes of physician and clinical patients as well as residents of long-term care facilities. Advanced Tissue was founded in 2000 and is based in Little Rock, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-18 DuvaSawko

Ormond Beach, Florida, United States

DuvaSawko is an operator of boutique emergency-physician owned and operated revenue-cycle and practice IT management company predominantly serving emergency physician groups and hospital-based emergency departments. DuvaSawko was founded in 1998 and is based in Ormond Beach, Florida.

Buy -
SELLER

BBHCP Private Equity

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BBHCP Private Equity is a provider of junior capital solutions for lower middle-market companies throughout the US. The Firm looks to invest $50 to $150 million in businesses valued between $20 and $750 million. BBH does not have any sector preferences and seeks to support a variety of transaction situations, including recapitalizations, growth capital financings, and acquisitions. BBHCP Private Equity is an affiliate of Brown Brothers Harriman and is headquartered in New York, New York.


DEAL STATS #
Overall 4 of 11
Sector: Food M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 3
State: Iowa M&A 1 of 1
Country: United States M&A 4 of 11
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-14 Tomia

Vienna, Virginia, United States

Tomia is a provider of interconnect and settlement software solutions to telecom communication service providers (CSPs) worldwide. The Company’s products drive ROI for customers by enabling and optimizing the connecting, routing, and transfer of voice, video, and data from one CSP’s network to another. Tomia supports a global community of over 4,000 carriers, including 38 of the top 40, and processes over 300 billion voice, SMS, content, and data minutes each year. Tomia was founded in 1996 and is based in Vienna, Virginia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-10 Haven Behavioral Healthcare

Nashville, Tennessee, United States

Haven Behavioral Healthcare is a provider of specialized behavioral health services in locations across the country. The hospitals provide inpatient psychiatric stabilization and treatment to adults experiencing acute symptoms of depression, anxiety, psychosis or other severe behavioral problems. Haven Behavioral Healthcare was founded in 2006 and is based in Nashville, Tennessee.

Buy -
DESCRIPTION

Hillstar Capital is a private investment firm focused on acquiring and investing in profitable, lower middle-market companies across a variety of industries including business services, consumer, industrial and healthcare. The Firm will consider investing both equity and/or debt. Hillstar Capital was formed in 2014 and is headquartered in Dallas, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Iowa M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Hillstar Consumer

Dallas, Texas, United States

Hillstar Consumer is a manufacturer of products that enhance packaging, efficiently source manufacturing, and obtain placement in Online, Big Box, DYI, and other appropriate channels. Hillstar Consumer product line includes USB Defender, Wear-N-Write Dry Erase Board, Password Reset Key, Deception. Hillstar Consumer was founded in 2015 and is based in Dallas, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-06 OneCor Services

Williston, North Dakota, United States

OneCor Services is a provider of environmental services and acid blending to the oil and gas industry in the Bakken Shale. OneCor is the market leader in selective and bare ground weed control services, as well as environmental remediation services. OneCor Services is also the premier provider of blended acid for the completion, stimulation, and workover of oil and gas wells in the Bakken Shale. OneCor Services is based in Williston, North Dakota.

Buy -