M&A Deal Summary

Golding Farms Foods Acquires Arcobasso Foods

On May 23, 2019, Golding Farms Foods acquired food company Arcobasso Foods from Advantage Capital Partners

Acquisition Highlights
  • This is Golding Farms Foods’ 1st transaction in the Food sector.
  • This is Golding Farms Foods’ 1st transaction in the United States.
  • This is Golding Farms Foods’ 1st transaction in Montana.

M&A Deal Summary

Date 2019-05-23
Target Arcobasso Foods
Sector Food
Buyer(s) Golding Farms Foods
Sellers(s) Advantage Capital Partners
Deal Type Add-on Acquisition

Target

Arcobasso Foods

Hazelwood, Montana, United States
Arcobasso Foods, Inc. is a developer of custom sauces, dressings and beverages and bottling and packaging them in a variety of forms and sizes. Arcobasso Foods was founded in 1986 and is based in Hazelwood, Montana.

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Buyer(S) 1

Buyer

Golding Farms Foods

Winston-Salem, North Carolina, United States

Category Company
Founded 1972
Sector Food
DESCRIPTION

Golding Farms Foods is a manufacturer of private label, branded, and co-manufactured sauces and condiments. Golding Farms maintains a best-in-class, SQF level 3-certified facility with highly-efficient processing and packaging capabilities to serve a wide range of end markets and product categories. Golding Farms Foods was founded in 1972 and is based in Winston-Salem, North Carolina.


DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Montana) 1 of 1
Country (United States) 1 of 1
Year (2019) 1 of 1

Seller(S) 1

SELLER

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1992
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.


DEAL STATS #
Overall 84 of 97
Sector (Food) 1 of 3
Type (Add-on Acquisition) 45 of 54
State (Montana) 2 of 2
Country (United States) 84 of 97
Year (2019) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-18 Danimer Scientific

Bainbridge, Georgia, United States

Danimer Scientific is a producer of biopolymers that manufactures PHA bioplastics from renewable, natural resources. Danimer plastics are 100% biodegradable and compostable, and equal to or exceed petroleum-based plastic commodities for price and performance. Danimer Scientific was founded in 2004 and is based in Bainbridge, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-01 Picayune Hospitality

Picayune, Mississippi, United States

Picayune Hospitality is an operator of Public Hotels. Picayune Hospitality was founded in 2010 and is based in Picayune, Mississippi.

Buy -