M&A Deal Summary

Harren Equity Partners Acquires Shrimp Basket

On August 3, 2016, private equity firm Harren Equity Partners acquired restaurant Shrimp Basket

Acquisition Highlights
  • This is Harren Equity Partners’ 1st transaction in the Restaurants sector.
  • This is Harren Equity Partners’ 26th transaction in the United States.
  • This is Harren Equity Partners’ 2nd transaction in Alabama.

M&A Deal Summary

Date 2016-08-03
Target Shrimp Basket
Sector Restaurants
Buyer(s) Harren Equity Partners
Deal Type Recapitalization

Target

Shrimp Basket

Gulf Shores, Alabama, United States
Shrimp Basket is a full-service seafood-focused restaurant chain with 24 locations across Alabama, Florida, and Mississippi. The restaurants offer a casual, family-friendly atmosphere at an affordable price point. Shrimp Basket was founded in 1993 and is based in Gulf Shores, Alabama.

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Buyer(S) 1

Buyer

Harren Equity Partners

Charlottesville, Virginia, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 450M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Harren Equity Partners LLC is an East Coast US-based private equity firm focused on mid-sized acquisitions, recapitalizations and growth capital financings. Harren is a generalist firm and will consider companies in a broad range of industries, including aerospace/defense, automotive, business services, building materials, energy services, furniture, industrial machinery, medical products, natural resources, healthcare services, restaurants, retail, and recycling. Prospective companies typically have sales of $30 to $300 million, EBITDA of $7 to $30 million, and are located in North America. Harren prefers businesses with defensible markets positions, proven management, and strong growth potential. Harren Equity Partners LLC was formed in 2000 and is based in Charlottesville, Virginia.


DEAL STATS #
Overall 27 of 31
Sector: Restaurants M&A 1 of 1
Type: Recapitalization M&A Deals 15 of 19
State: Alabama M&A 2 of 2
Country: United States M&A 26 of 30
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-15 Upstream Rehabilitation

Birmingham, Alabama, United States

Upstream Rehabilitation is a provider of a comprehensive set of outpatient rehabilitation services through over 300 owned and managed physical therapy clinics across twenty-two states. Upstream Rehabilitation was founded in 2003 and is based in Birmingham, Alabama.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-08 MedPro Healthcare Staffing

Sunrise, Florida, United States

MedPro Healthcare Staffing is a provider of diversified medical staffing, including registered nurses, allied health professionals, physical therapists, and medical technologists, to healthcare providers throughout the U.S. MedPro Healthcare Staffing was formed in 1983 and is based in Sunrise, Florida.

Buy -