M&A Deal Summary

Engage Brands Acquires Boston Market

On April 29, 2020, Engage Brands acquired restaurant Boston Market from Sun Capital Partners

Acquisition Highlights
  • This is Engage Brands’ 1st transaction in the Restaurants sector.
  • This is Engage Brands’ 1st transaction in the United States.
  • This is Engage Brands’ 1st transaction in Colorado.

M&A Deal Summary
Date 2020-04-29
Target Boston Market
Sector Restaurants
Buyer(s) Engage Brands
Sellers(s) Sun Capital Partners
Deal Type Add-on Acquisition

Target

Boston Market

Golden, Colorado, United States
Boston Market Corporation, which operates approximately 550 restaurants in 28 states, in the fast-casual restaurant category, providing time-pressed consumers with great-tasting, convenient meals. Boston Market serves rotisserie chicken, ham, meatloaf, and turkey, as well as side dishes such as mashed potatoes, macaroni and cheese, and stuffing. Boston Market was founded in 1985 and is based in Golden, Colorado.

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Buyer(S) 1

Buyer

Engage Brands

Pennsylvania, United States
Category Company
Sector Restaurants
DESCRIPTION

Engage Brands LLC is an owner and operator of Pizza Hut and Checkers & Rally's. Engage Brands is based in Pennsylvania, United States.

DEAL STATS #
Overall 1 of 1
Sector (Restaurants) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2020) 1 of 1

Seller(S) 1

SELLER

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 109 of 128
Sector (Restaurants) 11 of 13
Type (Add-on Acquisition) 42 of 53
State (Colorado) 2 of 3
Country (United States) 78 of 89
Year (2020) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-28 WesCom Signal and Rescue

Derbyshire, United Kingdom

WesCom Signal and Rescue is a manufacturer and supplier of SOLAS, MED and USCG approved pyrotechnic marine distress signals to the commercial and leisure marine markets. WesCom Signal and Rescue is based in Derbyshire, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-14 Flabeg

Nuremburg, Germany

Flabeg Deutschland GmbH is a supplier of high-performance automotive glass products. Flabeg develops optimum solutions for the widest range of glass and mirror applications worldwide and is the world’s leading manufacturer of mirrors for the automotive industry.

Sell -
Mergr

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