Explore All 625 Add-on Acquisition Beverages Deals - Search the Database Free
M&A Deal Summary |
|
|---|---|
| Date | May 17, 2021 |
| Target | Aqua Systems |
| Sector | Beverages |
| Buyer(s) | Franklin Electric |
| Sellers(s) | Cardinal Equity Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 150M USD |
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| Category | Company |
|---|---|
| Founded | 1944 |
| Sector | Electrical Equipment |
| Employees | 6,400 |
| Revenue | 2.0B USD (2024) |
Franklin Electric provides complete water systems and fueling systems. Its principal markets include clean water systems, water transfer and grey water systems, and fueling systems. Franklin serves all corners of the world with more than 14 manufacturing and distribution facilities. Franklin Electric was incorporated in 1944 and is based in Fort Wayne, Indiana.
| Deal Context for Buyer | # |
|---|---|
| Overall | 26 of 30 |
| Sector: Beverages | 1 of 1 |
| Type: Add-on Acquisition | 18 of 22 |
| State: Indiana | 2 of 2 |
| Country: United States | 16 of 18 |
| Year: 2021 | 3 of 3 |
| Size (of disclosed) | 1 of 11 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-04-01 |
Puronics
Livermore, California, United States Puronics is a residential and commercial water treatment products and services provider operating four company owned service centers and serving approximately 133 independent water quality dealers with approximately 260 locations in 31 states. Puronics was founded in 1947 and is based in Livermore, California. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-01-04 |
The Blake Group
East Windsor, Connecticut, United States The Blake Group is a professional groundwater distributor and thermal energy solutions, provider. The Blake Group sells into the industrial, institutional, commercial, municipal, and residential markets. The Blake Group was founded in 1927 and is based in East Windsor, Connecticut. |
Buy | $27M |
| Category | Private Equity Firm |
|---|---|
| Founded | 1993 |
| Size | Middle-Market |
| Type | Sector Agnostic |
Cardinal Equity Partners is a privately owned partnership that targets investments in lower middle-market businesses headquartered in the central portion of the US. Cardinal looks for light manufacturing, distribution, or service businesses with $5 to $50 million in revenue and at least $1 million of EBITDA. Prospective transaction situations include management buyouts, recapitalizations, family successions, and corporate spin-offs. Cardinal prefers businesses with proven management, recurring revenue, and no major customer concentration issues. Cardinal will not invest in software, heavy manufacturing, automotive, consulting, or companies with a significant percentage of non-US sales. Cardinal Equity Partners was formed in 1993 and is based in Indianapolis, Indiana.
| Deal Context for Seller | # |
|---|---|
| Overall | 12 of 17 |
| Sector: Beverages | 1 of 1 |
| Type: Add-on Acquisition | 4 of 5 |
| State: Indiana | 5 of 6 |
| Country: United States | 12 of 17 |
| Year: 2021 | 1 of 1 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-07-01 |
Motion Tech
Oakdale, Minnesota, United States Motion Tech is a distributor and custom solutions provider of precision motion control (“PMC”) components and assemblies, serving OEMs and industrial companies in the packaging, medical, factory automation, semiconductor, and aerospace/defense markets. Motion Tech was founded in 1987 and is headquartered in Oakdale, Minnesota. |
Sell | $33M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-07 |
Heartisan Foods
Barron, Wisconsin, United States Heartisan Foods is a specialty cheese manufacturer and distributor that focuses on producing branded and private-label specialty and flavored cheese products, offering over 70 varieties, including bricks, rounds, slices, curds, shreds, and spreads. Heartisan Foods was founded in 1991 and is based in Barron, Wisconsin. |
Buy | - |
