M&A Deal Summary

Freeman Spogli Acquires Easy Ice

On January 8, 2020, private equity firm Freeman Spogli acquired machinery company Easy Ice

Acquisition Highlights
  • This is Freeman Spogli’s 1st transaction in the Machinery sector.
  • This is Freeman Spogli’s 41st transaction in the United States.
  • This is Freeman Spogli’s 1st transaction in Michigan.

M&A Deal Summary
Date 2020-01-08
Target Easy Ice
Sector Machinery
Buyer(s) Freeman Spogli
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) FocalPoint Securities (Financial)
Queen Saenz + Schutz (Legal)

Target

Easy Ice

Marquette, Michigan, United States
Easy Ice engages in full-service ice machine subscription industry. Easy Ice’s commercial ice machine subscription programs include installation, cleaning, preventive maintenance, repairs, backup ice, and peak demand ice. Easy Ice was established in 2009 and is based in Marquette, Michigan.

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Buyer(S) 1

Buyer

Freeman Spogli

Los Angeles, California, United States
Category Private Equity Firm
Founded 1983
PE ASSETS 7.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Freeman Spogli & Co. is a private equity firm focused on acquiring middle-market retail, direct marketing, and distribution companies. The Firm will consider opportunities throughout North America and prefers partnering with management when pursuing acquisitions. Freeman Spogli looks to invest $75 to $300 million in transactions valued up to $750 million. Freeman Spogli was formed in 1983 and is based in Los Angeles, California with an additional office in New York City.

DEAL STATS #
Overall 41 of 48
Sector (Machinery) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 12 of 14
State (Michigan) 1 of 3
Country (United States) 41 of 48
Year (2020) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-05 WhiteWater

Tomball, Texas, United States

WhiteWater owns and operates express exterior car washes, a highly automated car wash model, and generates a significant portion of its revenue from recurring monthly memberships. WhiteWater was founded in 2016 and is based in Tomball, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-14 Kamps

Grand Rapids, Michigan, United States

Kamps is specializes in supplying high-quality recycled pallets, new custom pallets, and comprehensive pallet recycling services to diverse supply chains across the nation. Kamps was founded in 1973 and is based in Grand Rapids, Michigan.

Buy -
Mergr

Product

Company

Legal