M&A Deal Summary

Farol Asset Management Acquires PAK Quality Foods

On December 1, 2023, private equity firm Farol Asset Management acquired distribution company PAK Quality Foods

Acquisition Highlights
  • This is Farol Asset Management’s 1st transaction in the Distribution sector.
  • This is Farol Asset Management’s 21st transaction in the United States.
  • This is Farol Asset Management’s 2nd transaction in Texas.

M&A Deal Summary

Date 2023-12-01
Target PAK Quality Foods
Sector Distribution
Buyer(s) Farol Asset Management
Deal Type Buyout (LBO, MBO, MBI)

Target

PAK Quality Foods

San Angelo, Texas, United States
PAK Quality Foods is a protein distributor with a focus on specialty and ethnic proteins. PAK Quality Foods was founded in 1988 and is based in San Angelo, Texas.

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Buyer(S) 1

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 23 of 23
Sector: Distribution M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 9 of 9
State: Texas M&A 2 of 2
Country: United States M&A 21 of 21
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-05 Ministry Brands

Lenoir City, Tennessee, United States

Ministry Brands is a provider of SaaS platforms for churches, parachurch ministries and other faith-based organizations in the United States and Canada. The company seeks to equip the 21stcentury church with technology that empowers pastors, church executives, technology professionals, and administrators to proactively carry out their Biblical mission with excellence, reverence, and efficiency. Its suite of solutions includes church management, giving, accounting, mobile applications, website development, background checks, content, streaming, and messaging. Ministry Brands was founded in 2012 and is based in Lenoir City, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-15 Transact

Scottsdale, Arizona, United States

Transact is a provider of campus engagement and payments solutions and a first-mover innovator in NFC mobile credentials, Transact enables institutions to identify and engage students, elevating the student experience through mission-critical transactions. Transact is based in Scottsdale, Arizona.

Sell $1.5B