M&A Deal Summary

Dickinson Frozen Foods Acquires NorSun Food Group

On December 1, 2005, Dickinson Frozen Foods acquired food company NorSun Food Group from Sentinel Capital Partners

Acquisition Highlights
  • This is Dickinson Frozen Foods’ 1st transaction in the Food sector.
  • This is Dickinson Frozen Foods’ 1st transaction in the United States.
  • This is Dickinson Frozen Foods’ 1st transaction in Idaho.

M&A Deal Summary
Date 2005-12-01
Target NorSun Food Group
Sector Food
Buyer(s) Dickinson Frozen Foods
Sellers(s) Sentinel Capital Partners
Deal Type Add-on Acquisition

Target

NorSun Food Group

Sugar City, Idaho, United States
NorSun Food Group is a supplier and manufacturer of specialty food ingredients to large packaged food companies and restaurant chains. NorSun has created and maintained a leading share of the industrial Individually Quick Frozen ("IQF") roasted and whole baked potato market and has grown rapidly over the past several years.

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Buyer(S) 1

Buyer

Dickinson Frozen Foods

Eagle, Idaho, United States
Category Company
Sector Food
DESCRIPTION

Dickinson Frozen Foods, Inc. is a provider of frozen roasted potatoes, onions and vegetable blends to large industrial food processors and food service companies.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Idaho) 1 of 1
Country (United States) 1 of 1
Year (2005) 1 of 1

Seller(S) 1

SELLER

Sentinel Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 11.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Sentinel Capital Partners is a private equity firm that targets investments in middle-market companies with strong management and 'attractive growth prospects'. Sentinel looks to invest up to $400 million of equity in companies generating EBITDA of up to $65 million. Sectors of interest include business services/outsourcing, consumer products and services, food and restaurants, franchising, and manufacturing. Prospective transaction situations include management buyouts, recapitalizations, corporate divestitures, take-privates, and growth capital financings. Sentinel Capital Partners was formed in 1995 and is based in New York, New York.

DEAL STATS #
Overall 12 of 69
Sector (Food) 3 of 3
Type (Add-on Acquisition) 2 of 17
State (Idaho) 1 of 1
Country (United States) 11 of 62
Year (2005) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-03 Fasloc

Martinsburg, West Virginia, United States

Fasloc, Inc., headquartered in Martinsburg, West Virginia, is a leading manufacturer of specialized underground mine roof support systems. Fasloc's products utilize resin cartridges to create strong and reliable roof bolting systems. The Fasloc name is a highly regarded brand in the coal mining industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-24 Alemite

St. Louis, Missouri, United States

Alemite LLC is a designer, manufacturer and marketer of industrial lubrication equipment and components.

Sell -
Mergr

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