M&A Deal Summary

EagleTree Capital Acquires Summit Hill Foods

On November 30, 2023, private equity firm EagleTree Capital acquired food company Summit Hill Foods

Acquisition Highlights
  • This is EagleTree Capital’s 4th transaction in the Food sector.
  • This is EagleTree Capital’s 44th transaction in the United States.
  • This is EagleTree Capital’s 2nd transaction in Georgia.

M&A Deal Summary
Date 2023-11-30
Target Summit Hill Foods
Sector Food
Buyer(s) EagleTree Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) BofA Securities (Financial)
Eversheds LLP (Legal)

Target

Summit Hill Foods

Rome, Georgia, United States
Summit Hill Foods is a branded food company with nationally recognized brands: Better Than Bouillon, The Original Louisiana Brand Hot Sauce, and Better Than Gravy. In addition to the retail brand portfolio, it serves as a flavor-first solution provider and trusted ingredient supplier to food service distributors, manufacturers, and restaurants. Summit Hill Foods is based in Rome, Georgia.

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Buyer(S) 1

Buyer

EagleTree Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 5.6B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

EagleTree Capital is an independent private equity and investment firm focused on mid-market leveraged buyouts. The Firm's buyout group looks to invest $50 to $200 million to support acquisitions of profitable companies in the media/communications, consumer products, and water/industrial products and services sectors. EagleTree Capital was formerly known as Wasserstein Partners, an investment firm formed by Bruce Wasserstein, the late CEO of investment bank Lazard Freres. EagleTree Capital is based in New York City.

DEAL STATS #
Overall 46 of 46
Sector (Food) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 20 of 20
State (Georgia) 2 of 2
Country (United States) 44 of 44
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-30 MMGY Global

Kansas, Missouri, United States

MMGY Global is a marketing agency specializing in the travel, entertainment and hospitality industry. MMGY Global maintains a global communications practice in all marketing channels, serving many of travel and tourism brands. MMGY Global was founded in 1981 and is based in Kansas, Missouri.

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