M&A Deal Summary

One Rock Capital Partners, Metropoulos and Farol Asset Management Acquire BlueTriton Brands

On February 16, 2021, private equity firm One Rock Capital Partners, family office Metropoulos and private equity firm Farol Asset Management acquired beverage company BlueTriton Brands from Nestlé for 4.3B USD

Acquisition Highlights
  • This is One Rock Capital Partners’ 1st, Metropoulos’ 1st and Farol Asset Management’s 1st transaction in the Beverages sector.
  • This is One Rock Capital Partners’ , Metropoulos’ and Farol Asset Management’s largest (disclosed) transaction.
  • This is One Rock Capital Partners’ 17th, Metropoulos’ 3rd and Farol Asset Management’s 17th transaction in the United States.
  • This is One Rock Capital Partners’ 1st, Metropoulos’ 1st and Farol Asset Management’s 1st transaction in Connecticut.

M&A Deal Summary

Date 2021-02-16
Target BlueTriton Brands
Sector Beverages
Buyer(s) One Rock Capital Partners
Metropoulos
Farol Asset Management
Sellers(s) Nestlé
Deal Type Divestiture
Deal Value 4.3B USD

Target

BlueTriton Brands

Stamford, Connecticut, United States
BlueTriton Brands offers an extensive portfolio of highly recognizable water brands for healthy hydration, including Poland Spring® Brand 100% Natural Spring Water, Splash, and Pure Life®. The Company also owns and operates ReadyRefresh®, customizable water, and beverage delivery service. BlueTriton Brands is based in Stamford, Connecticut.

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Buyer(S) 3

Buyer

One Rock Capital Partners

New York, New York, United States

Category Private Equity Firm
Founded 2010
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

One Rock Capital Partners is a private equity group focused on opportunities where the Firm can leverage its operational, strategic, and financial resources. One Rock seeks investments in mature, North American companies and will also consider distressed situations. Sectors of interest include chemicals, packaging, forest products, consumer appliances/electronics, electrical equipment, niche manufacturing, business services, environmental services, waste management, equipment rental, healthcare products, medical products, and automotive dealerships. One Rock Capital Partners is based in New York City.


DEAL STATS #
Overall 17 of 25
Sector (Beverages) 1 of 1
Type (Divestiture) 7 of 10
State (Connecticut) 1 of 1
Country (United States) 17 of 22
Year (2021) 1 of 3
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-17 Kensing

Kankakee, Illinois, United States

Kensing is a manufacturer of a broad range of specialty chemicals derived from vegetable-oil-based raw material sterols and natural vitamin E, anionic surfactants, and esters. Kensing is based in Kankakee, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-07 ArchKey Solutions

St. Louis, Missouri, United States

ArchKey Solutions is an electrical and technologies contracting and services provider. As a platform for growth and the parent company for Sachs Electric, Parsons Electric, Sprig Electric and Mona Electric, ArchKey Solutions’ diversified offering provides scalability that is unmatched in the industry. ArchKey Solutions is based in St. Louis, Missouri.

Buy -
DESCRIPTION

Metropoulos & Co. is a family owned private investment firm focused on reviving food, beverage, and other consumer brands. Metropoulos & Co. is based in Greenwich, Connecticut.


DEAL STATS #
Overall 3 of 3
Sector (Beverages) 1 of 1
Type (Divestiture) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 3 of 3
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-28 Utz Brands

Hanover, Pennsylvania, United States

Utz Brands is a manufacturer and marketer of snack foods. Utz Brands produces a full line of snack products including potato chips, pretzels, cheese snacks, corn products and popcorn. Utz Brands was founded in 1921 and is based in Hanover, Pennsylvania.

Sell -
DESCRIPTION

Farol Asset Management is a private equity firm that looks to match institutional investors with direct investment opportunities. The Firm seeks to commit $5 to $30 million per transaction to support a variety of transaction situations and typically works with opportunities brought to it by private equity firms, fund-less sponsors, entrepreneurs and operating executives. Farol Asset Management was formed in 2011 and is headquartered in New York City.


DEAL STATS #
Overall 18 of 23
Sector (Beverages) 1 of 1
Type (Divestiture) 3 of 4
State (Connecticut) 1 of 1
Country (United States) 17 of 21
Year (2021) 1 of 5
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-01 AVANTech

Columbia, South Carolina, United States

AVANTech is a provider of comprehensive industrial water treatment solutions. Our extensive experience in engineering process systems enables us to create integrated solutions that can dramatically improve operations in industrial, commercial and nuclear power applications. AVANTech was founded in 1999 and is based in Columbia, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-17 Total Access Urgent Care

Ballwin, Missouri, United States

Total Access Urgent Care is a provider of urgent care and emergency department services. Total Access Urgent Care operates 26 locations and serves patients. Total Access Urgent Care offers state-of-the-art digital X-ray, CT scan, ultrasound, EKG, and common laboratory assays, on-site. TAUC's services also include IV hydration and medication administration, suturing lacerations, splinting minor fractures, reducing dislocations, and draining abscesses. Total Access Urgent Care was founded in 2008 and is based in Ballwin, Missouri.

Buy -

Seller(S) 1

SELLER

Nestlé

Vevey, Switzerland

Category Company
Founded 1866
Sector Food
Employees270,000
Revenue 93.4B CHF (2023)
DESCRIPTION

Nestlé is a large food, beverage, and consumer products company. The Company has more than 2000 brands amongst its portfolio and operates globally. Nestlé was originally established in 1866 and is based in Vevey, Switzerland.


DEAL STATS #
Overall 19 of 20
Sector (Beverages) 1 of 1
Type (Divestiture) 16 of 17
State (Connecticut) 1 of 1
Country (United States) 7 of 7
Year (2021) 1 of 1
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-25 Nestlé S.A. - Yinlu Peanut Milk and Canned Rice Porridge Business

Vevey, Switzerland

Nestlé S.A.'s Yinlu Peanut Milk and Canned Rice Porridge Business include its five factories in Fujian, Anhui, Hubei, Shandong and Sichuan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-24 Simplycook

London, United Kingdom

SimplyCook is an online food business with a vision to make cooking new meals accessible for all by providing a unique product designed to fit in with busy people's lifestyles while taking the pain points out of cooking. SimplyCook was formed in 2013 and is based in London.

Buy -