M&A Deal Summary

Harlan Bakeries Acquires Ameriqual Group

On August 17, 2021, Harlan Bakeries acquired food company Ameriqual Group from Ares Private Equity Group, Integrita Capital Partners and Celerant Capital

Acquisition Highlights
  • This is Harlan Bakeries’ 1st transaction in the Food sector.
  • This is Harlan Bakeries’ 1st transaction in the United States.
  • This is Harlan Bakeries’ 1st transaction in Indiana.

M&A Deal Summary

Date 2021-08-17
Target Ameriqual Group
Sector Food
Buyer(s) Harlan Bakeries
Sellers(s) Ares Private Equity Group
Integrita Capital Partners
Celerant Capital
Deal Type Add-on Acquisition

Target

Ameriqual Group

Evansville, Indiana, United States
AmeriQual Group is a food processing company that specializes in the development, processing, packaging, and distribution of high-quality shelf-stable foods. Ameriqual provides innovative solutions to major branded food companies, food service providers, retailers, and the United States Department of Defense. Ameriqual Group was founded in 1987 and is based in Evansville, Indiana.

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Buyer(S) 1

Buyer

Harlan Bakeries

Avon, Indiana, United States

Category Company
Founded 1991
Sector Food
DESCRIPTION

Harlan Bakeries is an international wholesale supplier & distributor of products for in-store bakeries, private label baked goods and manufacturer of Harlan Bigger Better Bagels, Harlan Giant Gourmet Bagels, Harvest’s Best and Nature’s Grain brands. Harlan Bakeries was founded in 1991 and is based in Avon, Indiana.


DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 3

SELLER

Ares Private Equity Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 20.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.


DEAL STATS #
Overall 46 of 55
Sector (Food) 1 of 1
Type (Add-on Acquisition) 14 of 17
State (Indiana) 1 of 1
Country (United States) 39 of 47
Year (2021) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 KPI Solutions

Belton, Missouri, United States

KPI Solutions is a full system integrator working diligently to provide a customized solution for every client. Combining design expertise and seamless integration with intentional transparency, KPI provides clients with scalable engineered solutions. KPI Solutions is based in Belton, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-12 Lockwood Group

Stamford, Connecticut, United States

Lockwood Group is a communicate clinical and therapeutic advances to every variety of medical expert, healthcare practitioner, and decision maker. Lockwood Group was founded in 2007 and is based in Stamford, Connecticut.

Buy -
DESCRIPTION

Integrita Capital Partners LLC is an operationally focused private equity firm that invests in the acquisition of family businesses, management buyouts and corporate divestitures in the US and Canada. Integrita targets growth oriented-companies operating in the manufacturing, distribution, business services, and consumer products sectors. Integrita is based in Southlake, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-16 Ameriqual Group

Evansville, Indiana, United States

AmeriQual Group is a food processing company that specializes in the development, processing, packaging, and distribution of high-quality shelf-stable foods. Ameriqual provides innovative solutions to major branded food companies, food service providers, retailers, and the United States Department of Defense. Ameriqual Group was founded in 1987 and is based in Evansville, Indiana.

Buy -
SELLER

Celerant Capital

San Antonio, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
Size Small
Type Sector Focused
DESCRIPTION

Celerant Capital is an operationally oriented private equity firm focused on acquiring and managing middle-market companies valued between $75 and $200 million. The Firm prefers control situations and will consider a variety of transaction situations including buyouts, take privates, corporate divestitures, turnarounds, and select bankruptcy situations. Sectors of interest include business services, chemicals, consumer products, distribution, energy, healthcare services, infrastructure, and manufacturing. Celerant Capital is based in Wayne, Pennsylvania.


DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-16 Ameriqual Group

Evansville, Indiana, United States

AmeriQual Group is a food processing company that specializes in the development, processing, packaging, and distribution of high-quality shelf-stable foods. Ameriqual provides innovative solutions to major branded food companies, food service providers, retailers, and the United States Department of Defense. Ameriqual Group was founded in 1987 and is based in Evansville, Indiana.

Buy -