M&A Deal Summary

Dry Creek Products Acquires Biomaxx

On February 11, 2011, Dry Creek Products acquired agriculture company Biomaxx from DeltaPoint Capital Management

Acquisition Highlights
  • This is Dry Creek Products’ 1st transaction in the Agriculture sector.
  • This is Dry Creek Products’ 1st transaction in the United States.
  • This is Dry Creek Products’ 1st transaction in New York.

M&A Deal Summary

Date 2011-02-11
Target Biomaxx
Sector Agriculture
Buyer(s) Dry Creek Products
Sellers(s) DeltaPoint Capital Management
Deal Type Add-on Acquisition

Target

Biomaxx

Wellsville, New York, United States
BioMaxx Inc., throught its subsidiaries, manufactures biomass wood pellet.

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Buyer(S) 1

Buyer

Dry Creek Products

Arcade, New York, United States

Category Company
Founded 1992
Sector Agriculture
DESCRIPTION

Dry Creek Products, Inc. engages in the production of residential wood pellet fuel and wood by-products.


DEAL STATS #
Overall 1 of 1
Sector (Agriculture) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1

Seller(S) 1

SELLER

DeltaPoint Capital Management

Rochester, New York, United States

Investor


Category Merchant Bank
Founded 1996
Size Small
Type Sector Agnostic
DESCRIPTION

DeltaPoint Capital Management is a private equity firm that targets investments in privately held New York based companies with at least $10 million in sales. Prospective transaction situations include management led buyouts, generational transitions, acquisition financings, recapitalizations, divestitures, and growth capital financings. DeltaPoint will consider investments in manufacturing, distribution, and specialized services. The Firm will not invest in retail, venture capital, early stage, or turnaround situations. DeltaPoint was formed in 1996 and is based in Rochester, New York.


DEAL STATS #
Overall 4 of 5
Sector (Agriculture) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (New York) 4 of 5
Country (United States) 4 of 5
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-01 Biomaxx

Wellsville, New York, United States

BioMaxx Inc., throught its subsidiaries, manufactures biomass wood pellet.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-08 PACS Industries

Bethpage, New York, United States

PACS Industries, Inc. is a leading independent manufacturer of medium-voltage metalclad switchgear, Power and Control Center (PCC) buildings, and structural substations. The Company serves electric utilities, large manufacturing plants, and many other industries that require large blocks of electric power to operate their facilities such as the steel industry, the data center industry, the wind power industry, the oil & gas industry, and the railway traction industry, among others. DeltaPoint's strategy is to achieve significant growth through organic means and by acquisition, taking advantage of the Company's proprietary technology, while enhancing value by professionalizing and refining the Company's managerial activities. PACS is located in Bethpage, NY and Mt. Vernon, OH

Buy -