M&A Deal Summary

Hadley Capital Acquires Sungarden Sprouts

On July 7, 2011, private equity firm Hadley Capital acquired agriculture company Sungarden Sprouts

Acquisition Highlights
  • This is Hadley Capital’s 2nd transaction in the Agriculture sector.
  • This is Hadley Capital’s 14th transaction in the United States.
  • This is Hadley Capital’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2011-07-07
Target Sungarden Sprouts
Sector Agriculture
Buyer(s) Hadley Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Sungarden Sprouts

Cookeville, Tennessee, United States
Sungarden Sprouts is a provider of commercial sprout growing company that manufactures and sells a proprietary line of sprout growing equipment, sells sprout seeds and other growing supplies to commercial sprout growers, and grows and sells sprouts. Sungarden Sprouts was founded in 1979 and is based in Cookeville, Tennessee.

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Buyer(S) 1

Buyer

Hadley Capital

Wilmette, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
Size Small
Type Sector Agnostic
DESCRIPTION

Hadley Capital LLC is a private equity firm that targets investments in small, established companies. The Firm looks for businesses generating sales of $5 to $30 million and EBITDA of $1 to $5 million. Hadley Capital seeks opportunities across a variety of industries; including manufacturing, business services, and distribution. Prospective transaction types include acquisitions, leveraged buyouts, management buyouts, recapitalizations, growth capital financings, and industry consolidations. Hadley was formed in 1998 and is based in Wilmette, Illinois.


DEAL STATS #
Overall 14 of 27
Sector (Agriculture) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 9 of 21
State (Tennessee) 1 of 1
Country (United States) 14 of 27
Year (2011) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-01 Open Sky Media

Austin, Texas, United States

Open Sky Media is an operator of city and lifestyle magazines that appeal to affluent readers living in healthy, fast-growing markets. Open Sky Media's titles include Austin Monthly, Austin Home, San Antonio Magazine, Slice Magazine (OKC) and Marin Magazine. Open Sky Media was founded in 2010 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-02 Kelatron

Ogden, Utah, United States

Kelatron manufactures and markets mineral nutrients in varied chemical and chelated forms worldwide for sale in the nutritional supplement, nutraceutical and health food segments. Chelation increases bioavailability?the ability of the body to absorb specific minerals.

Sell $21M