M&A Deal Summary

Europa Sports Partners Acquires Lone Star Distribution

On February 27, 2016, Europa Sports Partners acquired distribution company Lone Star Distribution from Sheridan Capital Partners and Spell Capital Partners

Acquisition Highlights
  • This is Europa Sports Partners’ 1st transaction in the Distribution sector.
  • This is Europa Sports Partners’ 1st transaction in the United States.
  • This is Europa Sports Partners’ 1st transaction in Florida.

M&A Deal Summary

Date 2016-02-27
Target Lone Star Distribution
Sector Distribution
Buyer(s) Europa Sports Partners
Sellers(s) Sheridan Capital Partners
Spell Capital Partners
Deal Type Merger

Target

Lone Star Distribution

Pompano Beach, Florida, United States
Lone Star Distribution is a wholesale distributor of sports nutrition and fitness products, including protein powders, vitamins, and workout and weight loss supplements.

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Buyer(S) 1

Buyer

Europa Sports Partners

Charlotte, North Carolina, United States

Category Company
Sector Distribution
DESCRIPTION

Europa Sports Partners is a national specialty distributor of sports nutrition and fitness products, including protein powders, nutrition bars, sports drinks, sports performance supplements, vitamins, weight loss supplements, and meal replacements. Europa services mass markets retailers, gyms, health food stores and specialty supplement retailers through seven distribution centers located in Charlotte, NC, Dallas, TX, Strongsville, OH, Fresno, CA, Windsor, CT, Orlando, FL, and Las Vegas, NV. Europa Sports Partners is based in Charlotte, North Carolina.


DEAL STATS #
Overall 1 of 1
Sector: Distribution M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 2

SELLER
DESCRIPTION

Sheridan Capital Partners is a private equity firm focused on acquiring and investing in consumer products/services and healthcare companies across the US and Canada. Sheridan looks to invest $15 to $100 million in businesses valued from $25 to $150 million. Prospective transaction situations include growth buyouts, family owned company acquisitions, consolidations, and recapitalizations. Sheridan Capital Partners was formed in 2012 and is headquartered in Chicago, Illinois.


DEAL STATS #
Overall 2 of 9
Sector: Distribution M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Florida M&A 1 of 3
Country: United States M&A 2 of 8
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-24 Europa Sports Partners

Charlotte, North Carolina, United States

Europa Sports Partners is a national specialty distributor of sports nutrition and fitness products, including protein powders, nutrition bars, sports drinks, sports performance supplements, vitamins, weight loss supplements, and meal replacements. Europa services mass markets retailers, gyms, health food stores and specialty supplement retailers through seven distribution centers located in Charlotte, NC, Dallas, TX, Strongsville, OH, Fresno, CA, Windsor, CT, Orlando, FL, and Las Vegas, NV. Europa Sports Partners is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 Canadian Orthodontic Partners

Etobicoke, Ontario, Canada

Canadian Orthodontic Partners is the largest specialty dental services organization providing management services to orthodontic practices throughout Canada, supporting locations in five provinces, from coast to coast. The Company’s partner practices provide excellent clinical care and an elevated patient experience. Canadian Orthodontic Partners is based in Etobicoke, Ontario.

Buy -
SELLER

Spell Capital Partners

Edina, Minnesota, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spell Capital Partners is a private equity firm that targets control investments in lower middle-market manufacturing and distribution businesses. Spell targets companies with at least $5 million in annual revenues and minimum EBITDA of $1 million. The Firm's target equity investment size range is $2 to $15 million. Spell prefers opportunities located in the upper-midwestern states of Minnesota, Iowa, Wisconsin, North Dakota, South Dakota, Indiana, Illinois, and Nebraska. Spell Capital Partners was formed in 1988 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 18 of 37
Sector: Distribution M&A 1 of 2
Type: Merger M&A Deals 1 of 1
State: Florida M&A 1 of 1
Country: United States M&A 18 of 37
Year: 2016 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-11 Atlas Wire

Itasca, Illinois, United States

Atlas Wire is a manufacturer of PVC, nylon, and cross-linked polyethylene insulated wire used in a variety of industries and applications. Atlas Wire was founded in 1966 and is based in Itasca, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-14 BMG

Beaverton, Michigan, United States

BMG is a provider of turnkey thermoforming and packaging systems for the food & beverage market. BMG offers a broad portfolio of highly-engineered thermoforming and automation equipment, in addition to best-in-class tooling and a comprehensive offering of post-sale parts, service and support. BMG was founded in 1952 and is based in Beaverton, Michigan.

Sell -