M&A Deal Summary

Foodware Group Acquires G.E.T. Enterprises

On January 1, 2018, Foodware Group acquired consumer products company G.E.T. Enterprises from Olympus Partners and Antares Capital

Acquisition Highlights
  • This is Foodware Group’s 1st transaction in the Consumer Products sector.
  • This is Foodware Group’s 1st transaction in the United States.
  • This is Foodware Group’s 1st transaction in Texas.

M&A Deal Summary
Date 2018-01-01
Target G.E.T. Enterprises
Sector Consumer Products
Buyer(s) Foodware Group
Sellers(s) Olympus Partners
Antares Capital
Deal Type Add-on Acquisition

Target

G.E.T. Enterprises

Jersey Village, Texas, United States
G.E.T. Enterprises is a provider of premium-quality, creative alternative tabletop solutions to the foodservice industry. G.E.T. Enterprises was founded in 1984 and is based in Jersey Village, Texas.

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Buyer(S) 1

Buyer

Foodware Group

Lodi, New Jersey, United States
Category Company
Founded 1983
Sector Consumer Products
DESCRIPTION

Foodware Group is a manufacturer and supplier of front-of-the-house and back-of-the-house products to the food service industry with over 5,000 products across 25 categories. Foodware Group was formed in 1983 and is based in Lodi, New Jersey.

DEAL STATS #
Overall 1 of 1
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1

Seller(S) 2

SELLER

Olympus Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 8.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Olympus Partners is a private equity group focused on investing in growth companies with strong management, and positions in their respective markets. The Firm will consider both venture capital and private equity investments and looks to commit $50 to $300 million per transaction. The Firm focuses its investment activities within the business services, healthcare, financial services, consumer, restaurant, software/IT services, and logistics/transportation industries. Olympus Partners was formed in 1988 and is based in Stamford Connecticut.

DEAL STATS #
Overall 39 of 50
Sector (Consumer Products) 2 of 4
Type (Add-on Acquisition) 19 of 23
State (Texas) 4 of 6
Country (United States) 36 of 47
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-01-01 Foodware Group

Lodi, New Jersey, United States

Foodware Group is a manufacturer and supplier of front-of-the-house and back-of-the-house products to the food service industry with over 5,000 products across 25 categories. Foodware Group was formed in 1983 and is based in Lodi, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-09 Rise Baking

Minneapolis, Minnesota, United States

Rise Baking is a manufacturer of premium cookies, dessert bars, artisan breads, and flatbreads. Rise Baking was founded in 2013 and is based in Minneapolis, Minnesota.

Buy -
SELLER

Antares Capital

Miami, Florida, United States

Investor Investor

Category Private Equity Firm
Founded 1993
Size Small
Type Sector Agnostic
DESCRIPTION

Antares Capital is a private investment group that targets growth capital financings as well as management buyout opportunities. The Firm focuses on investments based in the Southeast US and Texas. Prospective companies generally have proven business models, modest capital requirements for growth, and operate in large and growing markets. The Firm looks to commit $500k to $5 million per investment. Antares will not invest in real estate, mineral exploration, distributors, franchisees, or project financings. Antares was founded in 1993 and is based in Miami, Florida.

DEAL STATS #
Overall 29 of 44
Sector (Consumer Products) 1 of 1
Type (Add-on Acquisition) 13 of 19
State (Texas) 3 of 4
Country (United States) 28 of 43
Year (2018) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-17 VLS Environmental Solutions

Houston, Texas, United States

VLS Environmental Solutions is a provider of waste treatment and recycling, and interior railcar cleaning services. VLS Environmental Solutions also provides customized processing solutions for non-hazardous waste, including waste-to-energy and other landfill diversion programs, solidification of liquid waste, recycling, and wastewater treatment. VLS Environmental Solutions was founded in 2007 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-05 SupplyOne

Newtown Square, Pennsylvania, United States

SupplyOne is a specialty packaging manufacturer and consumable industrial supplies distributors. SupplyOne offers a total systems approach to packaging solutions from design and manufacturing of custom corrugated boxes, engineered protective packaging, load unitizing and product identification labels. SupplyOne was founded in 1998 and is based in Newtown Square, Pennsylvania.

Buy -
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