M&A Deal Summary

Frontenac and Avante Capital Partners Acquire Whitebridge Pet Brands

On January 6, 2015, private equity firm Frontenac and mezzanine finance firm Avante Capital Partners acquired food company Whitebridge Pet Brands

Acquisition Highlights
  • This is Frontenac’s 5th and Avante Capital Partners’ 2nd transaction in the Food sector.
  • This is Frontenac’s 51st and Avante Capital Partners’ 15th transaction in the United States.
  • This is Frontenac’s 3rd and Avante Capital Partners’ 2nd transaction in Missouri.
Investment Fate
  • Whitebridge Pet Brands was sold to a consortium of financial buyers in 2021.

M&A Deal Summary

Date 2015-01-06
Target Whitebridge Pet Brands
Sector Food
Buyer(s) Frontenac
Avante Capital Partners
Deal Type Consolidation

Target

Whitebridge Pet Brands

Chesterfield, Missouri, United States
Whitebridge Pet Brands is a provider of natural, wholesome, and minimally processed food and treats for dogs and cats. The Company’s family of brands – Cloud Star, Buddy Biscuits, Wag More Bark Less, Tiki Cat, Tiki Dog, Dogswell, and Nutrisca are sold through a variety of retailers across the U.S. and Canada. Whitebridge Pet Brands is based in Chesterfield, Missouri.

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Buyer(S) 2

Buyer

Frontenac

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1971
PE ASSETS 2.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Frontenac is a Midwest US-based private equity firm that seek profitable, lower middle-market company investments with $5 to $25 million of EBITDA. Frontenac typically partners with management when pursuing acquisitions, including companies managed by owner-operators. Sectors of interest include financial services, healthcare services, education/HR services, manufacturing, publishing/media, and technology services. Frontenac was formed in 1971 and is based in Chicago, Illinois.


DEAL STATS #
Overall 53 of 81
Sector: Food M&A 5 of 9
Type: Consolidation M&A Deals 1 of 3
State: Missouri M&A 3 of 4
Country: United States M&A 51 of 77
Year: 2015 M&A 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-06 Cloud Star

St. Louis, Missouri, United States

Cloud Star is a producer of natural and wholesome products for dogs, even those with allergies.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-08 GNAP

Byron Center, Michigan, United States

GNAP is a national distributor of industrial abrasive products, equipment, specialty ceramics and ancillary services used by a broad base of customers in the applications of investment casting, metal stamping, machining, forging, remediation, coating, and paving.

Buy -
Buyer

Avante Capital Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Avante Mezzanine Partners is a provider of junior capital to lower middle-market companies generating at least $3 million in cash flow. The Firm looks to invest $5 to $20 million per transaction and generally works with private equity and independent sponsors in buyout transactions, as well as with entrepreneurs and owners to finance recapitalizations, refinancings, acquisitions and growth. Avante Mezzanine was formed in 2009 and has offices in Los Angeles and Boston.


DEAL STATS #
Overall 15 of 50
Sector: Food M&A 2 of 3
Type: Consolidation M&A Deals 1 of 1
State: Missouri M&A 2 of 2
Country: United States M&A 15 of 50
Year: 2015 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-06 Cloud Star

St. Louis, Missouri, United States

Cloud Star is a producer of natural and wholesome products for dogs, even those with allergies.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-07 Telestream

Nevada City, California, United States

Telestream is a provider of digital video software and workflow solutions that allow consumers and businesses to transform video content on the desktop and across the enterprise. Telestream was founded in 1998 and is based in Nevada City, California.

Sell -