M&A Deal Summary

HP Hood Acquires Brigham s

On June 27, 2008, HP Hood acquired food company Brigham s from Spring Capital Partners

Acquisition Highlights
  • This is HP Hood’s 1st transaction in the Food sector.
  • This is HP Hood’s 1st transaction in the United States.
  • This is HP Hood’s 1st transaction in Massachusetts.

M&A Deal Summary

Date 2008-06-27
Target Brigham s
Sector Food
Buyer(s) HP Hood
Sellers(s) Spring Capital Partners
Deal Type Add-on Acquisition

Target

Brigham s

Arlington, Massachusetts, United States
Brigham's manufactures and distributes premium ice cream sold primarily through supermarkets in the greater Boston area, and operates a chain of Brigham's-branded restaurants.

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Buyer(S) 1

Buyer

HP Hood

Lynnfield, Massachusetts, United States

Category Company
Sector Food
DESCRIPTION


DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2008) 1 of 1

Seller(S) 1

SELLER

Spring Capital Partners

Lutherville, Maryland, United States

Investor Investor


Category Mezzanine Finance Firm
Founded 1999
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spring Capital Partners is a mezzanine finance provider for small to medium-sized businesses. Spring invests $2 to $20 million, primarily in the form of subordinated debt with equity features in each transaction. The Firm does not have an industry focus. Spring Capital looks for businesses located in the Mid-Atlantic US with revenues between $10 and $150 million. Spring Capital Partners was formed in 1999 and has offices in Baltimore, Maryland and Radnor, Pennsylvania.


DEAL STATS #
Overall 6 of 25
Sector (Food) 1 of 1
Type (Add-on Acquisition) 5 of 18
State (Massachusetts) 2 of 3
Country (United States) 6 of 25
Year (2008) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-01 eServices

Glen Allen, Virginia, United States

eServices is an energy management company servicing the natural gas needs of marketers, utilities, small and mid-sized commercial/industrial firms, and producers in the Southeast and mid-Atlantic regions of the United States. eServices was founded in 2008 and is based in Glen Allen, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-30 MP Pumps

Fraser, Michigan, United States

MP Pumps, Inc. is a manufacturer of specialty industrial pumps and associated aftermarket parts for use in a variety of industrial end markets.

Buy -