M&A Deal Summary

Gram Equipment Acquires WCB Ice Cream

On September 1, 2014, Gram Equipment acquired machinery company WCB Ice Cream from The Anderson Group

Acquisition Highlights
  • This is Gram Equipment’s 1st transaction in the Machinery sector.
  • This is Gram Equipment’s 1st transaction in the United States.
  • This is Gram Equipment’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2014-09-01
Target WCB Ice Cream
Sector Machinery
Buyer(s) Gram Equipment
Sellers(s) The Anderson Group
Deal Type Add-on Acquisition

Target

WCB Ice Cream

Northvale, New Jersey, United States
WCB Ice Cream is a designers, assemblers and suppliers of ice cream processing and packaging equipment world-wide.

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Buyer(S) 1

Buyer

Gram Equipment

Kolding, Denmark

Category Company
Founded 1999
Sector Machinery
Revenue 127M EUR (2022)
DESCRIPTION

Gram Equipment is a manufacturer and supplier of ice cream equipment & ice cream machines commercial. Gram Equipment was formed in 1999 and is based in Kolding, Denmark.


DEAL STATS #
Overall 1 of 1
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New Jersey) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1

Seller(S) 1

DESCRIPTION

The Anderson Group is a private equity firm focused on acquiring US-based companies at the lower end of the middle-market. While Anderson will consider divestitures, generational sales, cash flow transactions, and leveraged recapitalizations, the Firm prefers investing in distressed businesses needing operational improvement. Target companies should have at least $10 million in revenue and $1 million in EBITDA (no minimum EBITDA in restructuring situations). Anderson is a generalist investor, however, the Firm avoids technology, natural resources or retail businesses. The Anderson Group was formed in 1985 and is based in St. Petersburg, Florida.


DEAL STATS #
Overall 7 of 12
Sector (Machinery) 1 of 1
Type (Add-on Acquisition) 4 of 5
State (New Jersey) 1 of 1
Country (United States) 7 of 12
Year (2014) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-01 Red Monkey Foods

Springfield, Missouri, United States

Red Monkey Foods is a provider of organic spices, seasonings, and other natural dry food products. Operating out of a state-of-the-art facility, the company manages gourmet store brand programs for many of the nation’s largest food, mass, and specialty retailers. Red Monkey Foods was founded in 2002 and is based in Springfield, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 Parkview Health Services

Buffalo, New York, United States

Parkview Health Services is a pharmacy service provider. The company's products and services to long-term care agencies, which include assisted living facilities, developmentally disabled residences, chemical dependency rehabilitation facilities, group homes, and mental health clinics. Parkview Health Services was founded in 1985 and is based in Buffalo, New York.

Buy -