M&A Deal Summary

Freeman Spogli Acquires MicroStar Logistics

On January 2, 2013, private equity firm Freeman Spogli acquired transportation company MicroStar Logistics from Trilantic North America

Acquisition Highlights
  • This is Freeman Spogli’s 1st transaction in the Transportation sector.
  • This is Freeman Spogli’s 24th transaction in the United States.
  • This is Freeman Spogli’s 1st transaction in Colorado.

M&A Deal Summary
Date 2013-01-02
Target MicroStar Logistics
Sector Transportation
Buyer(s) Freeman Spogli
Sellers(s) Trilantic North America
Deal Type Secondary Buyout
Advisor(s) Harris Williams & Co.
Wells Fargo Securities (Financial)

Target

MicroStar Logistics

Denver, Colorado, United States
MicroStar Logistics is a provider of keg management and logistics services. The company manages a pool of over 1.4 million kegs and the corresponding logistical needs for over 160 craft brewery customers. The Company provides a cost-effective outsourced solution that enables its customers to preserve capital and focuses on core competencies such as production and marketing. MicroStar Logistics was founded in 1996 and is based in Denver, Colorado.

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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 24 of 48
Sector (Transportation) 1 of 1
Type (Secondary Buyout) 9 of 18
State (Colorado) 1 of 2
Country (United States) 24 of 48
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-07 Savers

Bellevue, Washington, United States

Savers, Inc. is a global thrift retailer offering clothing and accessories for men, women and children and household goods under the Savers, Value Village, Village des Valeurs, Unique Thrift Store and Valu Thrift Store brands. Founded in 1954, Savers operates nearly 290 locations and has more than 17,000 employees across the United States, Canada and Australia.

Sell $1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-07 Arhaus

Boston Heights, Ohio, United States

Arhaus is a lifestyle omnichannel retailer of exclusively designed home furnishings. The company is a clear destination of choice for home furnishings due to its innovative and comprehensive product assortment, which appeals to broad consumer tastes. Arhaus was founded in 1986 and is based in Boston Heights, Ohio.

Buy -

Seller(S) 1

SELLER

Trilantic North America

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2009
PE ASSETS 9.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trilantic North America is a mega-sized private equity firm focused on opportunities throughout North America. Trilantic generally invests in large businesses with 'strong market positions, unique franchises, secure and growing market niches or distinctive products and services that command premium prices'. Sectors of interest include business services, consumer, energy, and financial services. The Firm's target investment size is $50 to $300 million in companies valued up to $1 billion. Transaction situations of interest include management buyouts, recapitalizations, growth capital financings, divestitures, new platforms, and generational transfers. Trilantic North America was formed in 2009 through the spin-off of Lehman Brothers' private equity business. The Firm is based in New York City.

DEAL STATS #
Overall 8 of 23
Sector (Transportation) 1 of 1
Type (Secondary Buyout) 3 of 6
State (Colorado) 2 of 4
Country (United States) 8 of 22
Year (2013) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-21 Fortitech

Schenectady, New York, United States

Founded in 1986, Fortitech, Inc. is the world leader in the development of custom nutrient premixes for the food, beverage and pharmaceutical industries, integrating functional ingredients from a comprehensive selection of vitamins, minerals, amino acids, nucleotides and nutraceuticals. Fortitech is ISO 9001:2008 certified, with a stringent Allergen Monitoring Program and meets GMA-safe, cGMP, GMO-free, HACCP, Organic, Kosher and Halal standards. Headquartered in Schenectady, N.Y., the company has a global network of manufacturing and distribution facilities, throughout Europe, Asia Pacific, South America, Mexico and the United States (New York and California).

Sell $634M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-23 Trail Ridge Energy Partners

Grapevine, Texas, United States

Trail Ridge Energy Partners is an oil and gas exploration and production company focused primarily in the Permian Basin in West Texas.

Buy -
Mergr

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