M&A Deal Summary

Highlander Partners Acquires Hilo

On September 14, 2020, private equity firm Highlander Partners acquired food company Hilo

Acquisition Highlights
  • This is Highlander Partners’ 11th transaction in the Food sector.
  • This is Highlander Partners’ 27th transaction in the United States.
  • This is Highlander Partners’ 2nd transaction in Ohio.

M&A Deal Summary
Date 2020-09-14
Target Hilo
Sector Food
Buyer(s) Highlander Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Hilo

Columbus, Ohio, United States
Hilo is a developer and manufacturer of health and wellness food products using its proprietary soft chew delivery systems and the low-temperature processing technology. Hilo was founded in 2018 and is based in Columbus, Ohio.

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Buyer(S) 1

Buyer

Highlander Partners

Dallas, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Highlander Partners LP is a private equity firm focuses on making both direct private equity and mezzanine investments in companies located in US and Europe. The firm seeks to target to invest in small and mid-size private companies with strong management teams, fundamentally strong operations and positive cash flows. HP looks to invest $10 to $50 million as an equity and $10 to $25 million in mezzanine financing in companies with revenues of $10 to $500 million and enterprise value up to $100 million. Specific areas of interest include manufacturing, food, healthcare products and services, and healthcare IT, retail and building materials. Types of transaction include buyouts, growth capital, divestitures, consolidation and recapitalization. Highlander Partners LP was formed in 2004 and is based in Dallas, Texas with additional office in Warszawa, Poland.

DEAL STATS #
Overall 41 of 48
Sector (Food) 11 of 11
Type (Buyout (LBO, MBO, MBI)) 21 of 26
State (Ohio) 2 of 2
Country (United States) 27 of 34
Year (2020) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-05-05 Kernel Season s

Elk Grove Village, Illinois, United States

Kernel’s product portfolio includes more than a dozen popcorn flavors, ranging from simple butter and white cheddar to garlic parmesan and cheesy caramel corn, as well as popcorn oils and drizzles. The Company’s products are sold in more than 22,000 retailers, including mass merchants, grocery and specialty stores, throughout North America and internationally. The products also can be found in movie theaters in more than 30 countries worldwide, accounting for over 32,000 screens. Kernel Season's was formed in 1999 and is based in Elk Grove Village, Illinois.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-14 Profile Custom Extrusions

Rome, Georgia, United States

Profile Custom Extrusions is a manufacturer of custom, extruded aluminum profiles and related value-added services including painting, anodizing, thermal break, and precision cutting. Profile provides a variety of custom extruded aluminum profiles to diverse end-markets including residential and commercial construction, HVAC, hurricane protection, transportation, electrical and marine. Profile Custom Extrusions was founded in 1960 and is based in Rome, Georgia.

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