M&A Deal Summary

Evanston Partners Acquires Acadian Kitchens

On November 9, 2017, private equity firm Evanston Partners acquired food company Acadian Kitchens

Acquisition Highlights
  • This is Evanston Partners’ 2nd transaction in the Food sector.
  • This is Evanston Partners’ 4th transaction in the United States.
  • This is Evanston Partners’ 1st transaction in Louisiana.

M&A Deal Summary
Date 2017-11-09
Target Acadian Kitchens
Sector Food
Buyer(s) Evanston Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Acadian Kitchens

Broussard, Louisiana, United States
Acadian Kitchens is a producer of Cajun and Creole food products including seasonings, roux, sauces, meal mixes, dry soup fixings, bean mixes, relish, and fish fry. Acadian Kitchens was founded in 2017 and is based in Broussard, Louisiana.

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Buyer(S) 1

Buyer

Evanston Partners

Investor Investor Investor

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Evanston Partners is a private equity firm focused on acquiring and investing in low middle-market companies with at least $500K in EBITDA and $5 to $20 million of revenue. Sectors of interest include food, food related manufacturing and distribution, transportation, logistics, packaging, niche consumer products, and consumer services. Evanston Partners is headquartered in Evanston, Illinois.

DEAL STATS #
Overall 4 of 8
Sector (Food) 2 of 4
Type (Buyout (LBO, MBO, MBI)) 3 of 6
State (Louisiana) 1 of 1
Country (United States) 4 of 8
Year (2017) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-12 Sinbad Foods

Madera, California, United States

Sinbad Foods is a producer of baklava in North America and also produces fillo dough, other fillo based pastries, frozen fillo appetizers, and entrees (spanakopita, tyropita) sold under the Sinbad brand as well as under private label to the retail grocery, club, and foodservice channels. Sinbad Foods is based in Madera, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-01 Avli Foods

Chicago, Illinois, United States

Avli Foods owns and operates Avli Taverna restaurants in the north side Chicago neighborhoods of Lincoln Park and River North in addition to being sister locations of the original Avli Estiatorio of suburban Winnetka. Avli Foods was founded in 2017 and is based in Chicago, Illinois.

Buy -
Mergr

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