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M&A Deal Summary

GSF Acquires KanPak

On October 2, 2013, GSF acquired beverage company KanPak from Cyprium Partners

Acquisition Highlights
  • This is GSF’s 1st transaction in the Beverages sector.
  • This is GSF’s 1st transaction in the United States.
  • This is GSF’s 1st transaction in Kansas.

M&A Deal Summary
Date 2013-10-02
Target KanPak
Sector Beverages
Buyer(s) GSF
Sellers(s) Cyprium Partners
Deal Type Add-on Acquisition

Target

KanPak

Arkansas City, Kansas, United States
Kan-Pak is a leading manufacturer of low-acid, shelf stable beverages, frozen dessert mixes, smoothies and nutritional drinks in both ready-to-use and concentrated formulas. The Company primarily serves quick service restaurants (QSRs), convenience stores, drug stores, retail chains, and private label food manufacturers. Cyprium Partners’ investment supported a meaningful equipment and facility expansion program that was necessary for the Company to meet anticipated future demand.

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Buyer(S) 1

Buyer

GSF

Irvine, California, United States
Category Company
Founded 1947
Sector Food
DESCRIPTION

GSF is a diversified supplier to the food service and retail industries. GSF was formed in 1947 and is based in Irvine, California.

DEAL STATS #
Overall 1 of 1
Sector: Beverages M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Kansas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1

Seller(S) 1

SELLER

Cyprium Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1998
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Cyprium Partners is a private investment firm that provides mezzanine and equity capital to profitable, middle-market companies. The Firm will consider both non-control and control positions in businesses with revenue of $50 to $300 million and at least $8 million of EBITDA. Sectors of interest include traditional industries such as manufacturing, distribution, and services. Cyprium avoids investments in financial services, real estate, energy, commodities, natural resources, restaurants, long-term care and healthcare companies. Cyprium was formerly known as Key Principal Partners. The Firm has offices in Cleveland, Ohio and New York City.

DEAL STATS #
Overall 22 of 28
Sector: Beverages M&A 1 of 1
Type: Add-on Acquisition M&A Deals 8 of 11
State: Kansas M&A 1 of 1
Country: United States M&A 21 of 27
Year: 2013 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-01 Curvature

Charlotte, North Carolina, United States

Curvature, Inc. is a provider in independent IT maintenance and support for storage, server and network hardware. Extend asset life cycle, decrease OpEx and delay CapEx. Curvature was founded in 1986 and is based in Charlotte, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-08 EPIC Technologies

El Paso, Texas, United States

EPIC Technologies, LLC is a rapidly growing provider of electronic manufacturing services (EMS), supplying printed circuit board assemblies (PCBAs) and related components to major electronic product manufacturers.

Sell -
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