M&A Deal Summary

Family Time Hobbies Acquires Hobby-Lobby International

On March 13, 2009, Family Time Hobbies acquired retailer Hobby-Lobby International from Gen Cap America

Acquisition Highlights
  • This is Family Time Hobbies’ 1st transaction in the Retail sector.
  • This is Family Time Hobbies’ 1st transaction in the United States.
  • This is Family Time Hobbies’ 1st transaction in Tennessee.

M&A Deal Summary

Date 2009-03-13
Target Hobby-Lobby International
Sector Retail
Buyer(s) Family Time Hobbies
Sellers(s) Gen Cap America
Deal Type Add-on Acquisition

Target

Hobby-Lobby International

Brentwood, Tennessee, United States
Hobby Lobby retail store in Duluth, Minnesota.
Hobby Lobby retail store in Duluth, Minnesota.
Hobby Lobby is a distributor and retailer of model airplanes, helicopters, boats and accessories. The company was founded in 1964 and is located in Brentwood, Tennessee. Hobby Lobby sells its merchandise over the Internet, through mail-order catalogs, walk-in traffic and other smaller hobby shops.

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Buyer(S) 1

Buyer

Family Time Hobbies

Nashiville, Tennessee, United States

Category Company
Sector Consumer Services
DESCRIPTION


DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Tennessee M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2009 M&A 1 of 1

Seller(S) 1

SELLER

Gen Cap America

Nashville, Tennessee, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 250M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Gen Cap America, Inc. is a private investment firm focused on acquisitions and recapitalization of mid-sized businesses. Gen Cap looks to invest in privately held companies or non-core divestitures generating $10 to $200 million in annual revenues. Gen Cap prefers businesses operating in basic industries, such as manufacturing, distribution, and services. The Firm avoids investing in real estate or 'high-tech' businesses. Gen Cap America was formed in 1988 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 3 of 30
Sector: Retail M&A 1 of 2
Type: Add-on Acquisition M&A Deals 2 of 15
State: Tennessee M&A 1 of 4
Country: United States M&A 3 of 30
Year: 2009 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-01 Lamm Food Service

Lafayette, Louisiana, United States

Lamm Food Service LLC is a full line foodservice distributor. The Company distributes food to institutions such as prisons, schools and hospitals throughout Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-01 Keltner

Springfield, Missouri, United States

Keltner is a distributor of motor oil, chemicals and parts to an expansive customer base. Keltner was founded in 1952 and is located in Springfield, Missouri.

Sell -