Investment Summary

Harkness Capital Partners and GarMark Partners Invest In Homestyle Direct

On April 26, 2021, private equity firm Harkness Capital Partners and mezzanine finance firm GarMark Partners invested in food company Homestyle Direct

Investment Highlights
  • This is Harkness Capital Partners’ 2nd and GarMark Partners’ 1st transaction in the Food sector.
  • This is Harkness Capital Partners’ 4th and GarMark Partners’ 28th transaction in the United States.
  • This is Harkness Capital Partners’ 1st and GarMark Partners’ 1st transaction in Idaho.

Investment Summary

Date 2021-04-26
Target Homestyle Direct
Sector Food
Investor(s) Harkness Capital Partners
GarMark Partners
Deal Type Growth Capital
Advisor(s) Robert W. Baird & Co., Inc. (Financial)

Target

Homestyle Direct

Twin Falls, Idaho, United States
Homestyle Direct is a provider of in-home meal delivery to individuals primarily particiapting in Medicad and expanding to other adjacent market. The company focused on impacting customers life by providing nutritions meals with quality customer care. Homestyle Direct was founded in 1997 and is based in Twin Falls, Idaho.

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Investor(S) 2

DESCRIPTION

Harkness Capital Partners is a private investment group focused on investing its own capital and resources to support the growth of lower middle-market companies in the manufacturing and services sectors. Harkness Capital Partners was formed in 2015 and is based in New York City.


DEAL STATS #
Overall 4 of 6
Sector (Food) 2 of 2
Type (Growth Capital) 4 of 6
State (Idaho) 1 of 1
Country (United States) 4 of 6
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-13 Kane Is Able

Scranton, Pennsylvania, United States

Kane Is Able is a third-party logistics provider. Kane Is Able specializes in making retail supply chains more efficient. Kane Is Able 3PL warehousing and transportation services are designed to meet the logistics needs of consumer goods manufacturers selling through retailers and grocery chains, as well as e-commerce channels. Kane Is Able was founded in 1930 and is based in Scranton, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-14 Kane Logistics

Scranton, Pennsylvania, United States

Kane Logistics is a provider of logistics solutions which includes warehousing and distribution, transportation capabilities, contract packaging, and cross docking. Kane Logistics was founded in 1930 and is based in Scranton, Pennsylvania.

Sell $240M
Investor

GarMark Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 1.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GarMark Partners is a private investment firm that makes debt and equity investments in a wide range of companies. The Firm invests in businesses at various stages of development to facilitate acquisitions, divestitures, recapitalizations, turnarounds or growth. Garmark typically invests between $5 and $30 million with an EBITDA $3 and $25 million. The firm prefers to invest in the sectors of manufacturing/industrial products, distribution, business services, consumer brands, food/nutrition products, transportation, healthcare, retail, and restaurants. GarMark Partners was formed in 1997 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 30 of 34
Sector (Food) 1 of 1
Type (Growth Capital) 6 of 8
State (Idaho) 1 of 1
Country (United States) 28 of 32
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-18 Avision

Hershey, Pennsylvania, United States

Avision provides comprehensive consulting and training to facility managers, foodservice operators, and distributor customers. Avision is based in Hershey, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-28 REMEDI8

Lenexa, Kansas, United States

REMEDI8 operates two divisions compliance services, which provides essential inspection and repair of fire and smoke doors, dampers, barriers, and complementary services to hospitals and other healthcare facilities and new build services, which provides planning, budgeting, consulting, and installation of thermal and moisture protection with a focus on data centers, education and commercial facilities. REMEDI8 was founded in 2008 and is based in Lenexa, Kansas.

Buy -