M&A Deal Summary

Decision Tree Resources and Elmore Companies Acquire Butterfield Foods

On January 1, 2007, private equity firm Decision Tree Resources and family office Elmore Companies acquired food company Butterfield Foods from Marsh Supermarkets

Acquisition Highlights
  • This is Decision Tree Resources’ 1st and Elmore Companies’ 1st transaction in the Food sector.
  • This is Decision Tree Resources’ 1st and Elmore Companies’ 9th transaction in the United States.
  • This is Decision Tree Resources’ 1st and Elmore Companies’ 6th transaction in Indiana.

M&A Deal Summary
Date 2007-01-01
Target Butterfield Foods
Sector Food
Buyer(s) Decision Tree Resources
Elmore Companies
Sellers(s) Marsh Supermarkets
Deal Type Secondary Buyout

Target

Butterfield Foods

Noblesville, Indiana, United States
Butterfield Foods is a producer of deli salads. Products include a variety of entrees and side dishes, soups and sauces, hand-pulled meat products, sandwiches, and salads. Butterfield Foods was founded in 1981 and is based in Noblesville, Indiana.

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Buyer(S) 2

Buyer

Decision Tree Resources

Investor Investor

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Decision Tree Resources is a private investment firm focused on acquiring majority interests in lower middle-market companies where ownership is seeking full or partial liquidity. The Firm will consider businesses throughout the US with $3 to $10 million of revenue. Sector interest includes business services and industrial manufacturing. Decision Tree Resources is based in Wheaton, Illinois.

DEAL STATS #
Overall 1 of 3
Sector (Food) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 3
Year (2007) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Mednick Associates

Wilton, Connecticut, United States

Mednick Associates is a medical/legal consultancy that provides expert witness search, case review, guidance, and other associated services to both plaintiff and defense law firms for any case involving a medical question. Mednick Associates was founded in 1991 and is based in Wilton, Connecticut.

Buy -
Buyer

Elmore Companies

Investor Investor Investor Investor Investor

Category Family Office
Founded 1984
Size Small
Type Sector Agnostic
DESCRIPTION

Elmore Companies is a Midwest US-based private investment firm focused on acquiring business-to-business services and manufacturing companies. Elmore seeks companies generating $3 to $10 million of revenue and prefers acquiring from founders. Elmore was formed in 1984 and is based in Bloomington, Indiana.

DEAL STATS #
Overall 9 of 15
Sector (Food) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Indiana) 6 of 8
Country (United States) 9 of 15
Year (2007) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Shelby Equipment

West Harrison, Indiana, United States

Shelby Equipment specializes in telehandler and other large equipment sales, rentals, reconditioning, and parts. Shelby Equipment was founded in 1988 and is based in West Harrison, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Mednick Associates

Wilton, Connecticut, United States

Mednick Associates is a medical/legal consultancy that provides expert witness search, case review, guidance, and other associated services to both plaintiff and defense law firms for any case involving a medical question. Mednick Associates was founded in 1991 and is based in Wilton, Connecticut.

Buy -

Seller(S) 1

SELLER

Marsh Supermarkets

Indinanapolis, Indiana, United States
Category Company
Founded 1930
Sector Retail
DESCRIPTION

Marsh Supermarkets operates supermarkets under such well-known brands as Marsh Supermarkets, Hometown Markets, LoBill Foods, Arthur’s Fresh Markets, O’Malia Food Markets. The Company also operates McNamara Florist and Enflora Flowers for Business.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2007) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1988-01-01 Butterfield Foods

Noblesville, Indiana, United States

Butterfield Foods is a producer of deli salads. Products include a variety of entrees and side dishes, soups and sauces, hand-pulled meat products, sandwiches, and salads. Butterfield Foods was founded in 1981 and is based in Noblesville, Indiana.

Buy -
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