M&A Deal Summary

Falfurrias Capital Partners Acquires Local Hive Honey

On September 28, 2021, private equity firm Falfurrias Capital Partners acquired food company Local Hive Honey from Centerfield Capital Partners and Plexus Capital

Acquisition Highlights
  • This is Falfurrias Capital Partners’ 3rd transaction in the Food sector.
  • This is Falfurrias Capital Partners’ 27th transaction in the United States.
  • This is Falfurrias Capital Partners’ 2nd transaction in Colorado.

M&A Deal Summary

Date 2021-09-28
Target Local Hive Honey
Sector Food
Buyer(s) Falfurrias Capital Partners
Sellers(s) Centerfield Capital Partners
Plexus Capital
Deal Type Secondary Buyout

Target

Local Hive Honey

Greeley, Colorado, United States
Local Hive Honey produces 23 varietals of raw and unfiltered honey sourced exclusively from local beekeepers across various states and regions. Local Hive Honey is based in Greeley, Colorado.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Falfurrias Capital Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Falfurrias Capital Partners is a private equity firm that invests in lower and middle-market companies located in the Eastern US. Falfurrias focuses on companies with experienced management teams, differentiated product features, diverse customers, revenues in excess of $10 million, and EBITDA of $5 million to $40 million. The Firm looks to invest at least $25 million per transaction. Specific areas of interest include financial services, consumer products, health care, building products, manufacturing, business services, education, training, infrastructure, and information services. The Firm will consider a variety of transaction types, including buyouts, growth capital financings, recapitalization, and corporate divestitures. Falfurrias Capital Partners was formed in 2006 and based in Charlotte, North Carolina.


DEAL STATS #
Overall 27 of 43
Sector (Food) 3 of 4
Type (Secondary Buyout) 1 of 3
State (Colorado) 2 of 2
Country (United States) 27 of 41
Year (2021) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-30 My Code

Santa Monica, California, United States

My Code is a modern media company, built to reflect and engage multicultural & diverse audiences and enable brands to build lasting relationships with America's growth audiences. My Code was founded in 2015 and is based in Santa Monica, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-30 Marquis

Plano, Texas, United States

Marquis is a provider of data analytics software, services, and consulting to financial institutions around the world. Marquis sets its clients apart from their competition by providing expertise in data analytics, MCIF, CRM, strategic consulting, profitability, and direct marketing – along with CRA, HMDA & Fair Lending compliance. Marquis was founded in 1986 and is based in Plano, Texas.

Sell -

Seller(S) 2

SELLER

Centerfield Capital Partners

Indianapolis, Indiana, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Centerfield Capital Partners is a private investment firm that provides subordinated debt and equity capital to mid-market companies. Prospective transactions include acquisition financings, management buyouts, shareholder liquidity needs, recapitalizations, corporate divestitures, ESOP financings, and sponsored/unsponsored transactions. Centerfield generally invests in companies with sales of $15 to $100 million and EBITDA of $3 to $15 million. Target sectors include manufacturing, business services, healthcare services, and transportation/distribution. Centerfield will not invest in early stage businesses, turnaround situations, retail, real estate, and finance companies. Centerfield Capital Partners was founded in 2001 and is based in Indianapolis, Indiana.


DEAL STATS #
Overall 34 of 42
Sector (Food) 2 of 2
Type (Secondary Buyout) 10 of 13
State (Colorado) 1 of 1
Country (United States) 34 of 42
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-12 Force Management

Charlotte, North Carolina, United States

Force Management is involved in the sales training industry with an extensive track record of driving successful client outcomes. The Company's services help clients hit their revenue targets predictably and consistently by driving sustained revenue growth through effective sales force management.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-25 Cosmic Pet

Wichita, Kansas, United States

Cosmic Pet is a designer, marketer, and distributor of pet products, including toys, beds, collars and leashes, treats, feeders and bowls, and other accessories. Cosmic Pet is based in Wichita, Kansas.

Sell -
SELLER

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 2.2B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 36 of 41
Sector (Food) 2 of 3
Type (Secondary Buyout) 6 of 8
State (Colorado) 1 of 1
Country (United States) 36 of 41
Year (2021) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-17 Machine Specialties

Whitsett, North Carolina, United States

Machine Specialties is a manufacturer of high-precision components for customers in the aerospace and defense, medical, packaging, and industrial industries. With a vast array of CNC milling, turning, grinding, finishing, and assembly capabilities complemented by engineering and prototyping services, MSI can handle the smallest components going into satellite and medical applications to very large parts such as landing gear for military cargo planes. Machine Specialties was founded in 1969 and is based in Whitsett, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-01 TaskRay

Westminster, Colorado, United States

TaskRay develops and sells SaaS-based customer onboarding solutions to Salesforce users. TaskRay was founded in 2010 and is based in Westminster, Colorado.

Buy -