Investment Summary

Centre Partners and First New England Capital Invest In Stonewall Kitchen

On October 27, 2014, private equity firms Centre Partners and First New England Capital invested in food company Stonewall Kitchen

Investment Highlights
  • This is Centre Partners’ 4th and First New England Capital’s 1st transaction in the Food sector.
  • This is Centre Partners’ 38th and First New England Capital’s 6th transaction in the United States.
  • This is Centre Partners’ 1st and First New England Capital’s 1st transaction in Maine.
Investment Fate
  • Stonewall Kitchen was sold to a consortium of financial buyers in 2019.
  • Stonewall Kitchen was sold to a consortium of financial buyers in 2022.

Investment Summary

Date 2014-10-27
Target Stonewall Kitchen
Sector Food
Investor(s) Centre Partners
First New England Capital
Deal Type Growth Capital
Advisor(s) CG Sawaya Partners (Financial)

Target

Stonewall Kitchen

York, Maine, United States
Stonewall Kitchen is a specialty food and home goods producer selling jams and jellies at local farmers' markets with a flavorful line of distinctive and high-quality products. Stonewall expanded the brand to include sauces, condiments, crackers, and baking mixes, always focusing on innovative product development, beautiful packaging, and exceptional guest service. Stonewall Kitchen was founded in 1991 and is based in York, Maine.

Search 214,107 Deals Now

SEARCH BY

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

Try Free

Investor(S) 2

Investor

Centre Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 2.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Centre Partners is a private equity firm focused on investments in North American middle-market companies 'with strong growth prospects, predictable cash flows, and defensible competitive positions'. Prospective transactions include investments in privately owned companies, growth capital financings, management buyouts/buy-ins, divestitures, and take privates. The Firm's typical investment size is $20 to $50 million. Areas of interest include consumer products and services, cable/media, business services, energy, financial services, healthcare, industrial, and retail. Centre Partners was formed in 1986 and has offices in New York, New York and Los Angeles, California.


DEAL STATS #
Overall 40 of 56
Sector: Food M&A 4 of 6
Type: Growth Capital M&A Deals 5 of 13
State: Maine M&A 1 of 1
Country: United States M&A 38 of 54
Year: 2014 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-05 Ross Aviation

Denver, Colorado, United States

Ross Aviation owns and operates a portfolio of fixed-base operations (FBO) in North America. It also engages in identifying, acquiring, and investing opportunities in the FBO industry. Ross Aviation was founded in 1992 and is based in Denver, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-05 Sun Orchard

Doral, Florida, United States

Sun Orchard is a provider of citrus juices, bar mixes and specialty smoothie mixes, and other beverage products. Sun Orchard was founded in 1984 and is headquartered in Doral, Florida.

Buy -
Investor

First New England Capital

West Hartford, Connecticut, United States

Category Private Equity Firm
Founded 1988
PE ASSETS 50M USD
Size Small
Type Sector Agnostic
DESCRIPTION

First New England Capital is a private investment firm that provides equity and mezzanine capital to later-stage, small and middle-market companies operating in the Northeast US. First New England typically invests $2 to $5 million in companies generating $10 to $150 million in annual revenue. First New England can act as the lead investor or participate alongside others. The Firm will consider opportunities across many different sectors. First New England Capital was formed in 1988 and is based in Hartford, Connecticut.


DEAL STATS #
Overall 6 of 6
Sector: Food M&A 1 of 1
Type: Growth Capital M&A Deals 1 of 1
State: Maine M&A 1 of 1
Country: United States M&A 6 of 6
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-01 Ranger International Services Group

Greenville, South Carolina, United States

Ranger International Services Group is an outsourced provider of airfield and logistics services to both the U.S. Armed Forces and commercial companies within the aerospace and defense industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-02 Grindmaster-Cecilware

Louisville, Kentucky, United States

Grindmaster-Cecilware Corp. is a manufacturer of hot, cold and frozen beverage dispensing equipment including coffee machines.

Sell $108M