M&A Deal Summary

Harwood Private Equity Acquires Crest Foods

On February 20, 2024, private equity firm Harwood Private Equity acquired food company Crest Foods

Acquisition Highlights
  • This is Harwood Private Equity’s 2nd transaction in the Food sector.
  • This is Harwood Private Equity’s 5th transaction in the United States.
  • This is Harwood Private Equity’s 1st transaction in Illinois.

M&A Deal Summary
Date 2024-02-20
Target Crest Foods
Sector Food
Buyer(s) Harwood Private Equity
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Brown Gibbons Lang (BGL) (Financial)

Target

Crest Foods

Ashton, Illinois, United States
Crest Foods is a provider of food manufacturing, packaging, and product development services to branded and private-label customers. The company operates three business lines: Ingredients, Contract Packaging, and Consumer Products. Crest Foods was formed in 1946 and is based in Ashton, Illinois.

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Buyer(S) 1

Buyer

Harwood Private Equity

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 700M GBP
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Harwood Private Equity is a private equity firm focused on acquiring and investing in lower middle-market UK-based companies valued up to £50 million. The Firm does not have any sector preferences and will consider a variety of investment situations including buyouts and take privates. Harwood Private Equity was established in 1999 and is based in London.

DEAL STATS #
Overall 10 of 10
Sector (Food) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 6 of 6
State (Illinois) 1 of 1
Country (United States) 5 of 5
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-12 Assisi Pet Care

Melton Mowbray, United Kingdom

Assisi Pet Care produces natural pet treats and pet food with products such as dried ears, meat treats, filled bones and fish. Assisi Pet Care was founded in 2020 and is based in Melton Mowbray, United Kingdoom.

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