M&A Deal Summary

First Source Acquires Wythe-Will Distributing

On June 29, 2011, First Source acquired food company Wythe-Will Distributing from Slate Capital Group

Acquisition Highlights
  • This is First Source’s 2nd transaction in the Food sector.
  • This is First Source’s 2nd transaction in the United States.
  • This is First Source’s 1st transaction in Virginia.

M&A Deal Summary

Date 2011-06-29
Target Wythe-Will Distributing
Sector Food
Buyer(s) First Source
Sellers(s) Slate Capital Group
Deal Type Merger

Target

Wythe-Will Distributing

Toano, Virginia, United States
Wythe-Will Distributing LLC is a food distributor of branded and private label gourmet foods and confections.

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Buyer(S) 1

Buyer

First Source

Tonawanda, New York, United States

Category Company
Founded 1927
Sector Distribution
DESCRIPTION

First Source is a distributor, and packager of candy, nuts, and specialty foods in the United States. First Source was established in 1927 and is based in Tonawanda, New York.


DEAL STATS #
Overall 2 of 3
Sector: Food M&A 2 of 3
Type: Merger M&A Deals 2 of 2
State: Virginia M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-29 Tzetzo Bros.

Buffalo, New York, United States

Tzetzo Bros., Inc. is a provider of national branded, unbranded, and private label confectionery products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-31 Garvey Nut & Candy

Pico Rivera, California, United States

Garvey Nut & Candy is a packager and distributor of natural and organic nuts, snacks and confections, in both branded and private label formats.

Buy -

Seller(S) 1

SELLER

Slate Capital Group

Baltimore, Maryland, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Slate Capital Group is a private equity firm focused on acquiring controlling interests in small to mid-sized companies with $3 to $30 million of EBITDA. The Firm prefers companies headquartered in the Eastern half of the US and targets businesses operating in the business services, distribution, light manufacturing, and food & beverage sectors. Prospective companies typically exhibit recurring revenue, sustainable margins, identifiable growth opportunities, and significant barriers to entry. Slate Capital Group was formed in 2004 and is based in Baltimore, Maryland.


DEAL STATS #
Overall 2 of 6
Sector: Food M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Virginia M&A 1 of 2
Country: United States M&A 2 of 6
Year: 2011 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-29 First Source

Tonawanda, New York, United States

First Source is a distributor, and packager of candy, nuts, and specialty foods in the United States. First Source was established in 1927 and is based in Tonawanda, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-25 DoublePositive Marketing Group

Baltimore, Maryland, United States

DoublePositive Marketing Group, Inc. is an online marketing company for lead buyers and lead sellers, and direct response advertisers.

Sell -