M&A Deal Summary

Insight Equity Acquires Riverbend Foods

On May 24, 2017, private equity firm Insight Equity acquired food company Riverbend Foods from TreeHouse Foods

Acquisition Highlights
  • This is Insight Equity’s 1st transaction in the Food sector.
  • This is Insight Equity’s 18th transaction in the United States.
  • This is Insight Equity’s 1st transaction in Pennsylvania.

M&A Deal Summary

Date 2017-05-24
Target Riverbend Foods
Sector Food
Buyer(s) Insight Equity
Sellers(s) TreeHouse Foods
Deal Type Divestiture

Target

Riverbend Foods

Pittsburgh, Pennsylvania, United States
Riverbend Foods is a manufacturer of soups, broths, gravies, and infant feeding products sold in cans, jars, and TetraRecart cartons. Riverbend Foods is based in Pittsburgh, Pennsylvania.

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Buyer(S) 1

Buyer

Insight Equity

Southlake, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Insight Equity is a private equity firm that targets control investments in middle-market companies. Insight looks for companies with revenues between $50 million to $1 billion and seeks to commit between $25 to $150 million per transaction. Areas of interest include manufacturing, distribution, aerospace & defense, automotive & transportation, consumer goods, service & professional industries, technology, and energy. Insight does not invest in real estate, retail, or restaurant businesses. Insight Equity was formed in 1998 and is based in Southlake, Texas. The Firm has an additional office in New York City.


DEAL STATS #
Overall 20 of 26
Sector: Food M&A 1 of 3
Type: Divestiture M&A Deals 3 of 3
State: Pennsylvania M&A 1 of 2
Country: United States M&A 18 of 24
Year: 2017 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-10 Panolam Surface Systems

Shelton, Connecticut, United States

Panolam Surface Systems is a manufacturer of thermally fused melamine (TFM) panels and high-pressure laminates (HPL). TFM and HPL are used to manufacture kitchen and bath cabinetry, residential and commercial furniture, store fixtures, and countertops. Panolam Surface Systems was founded in 1997 and is based in Shelton, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-13 VirTex

Austin, Texas, United States

VirTex manufactures printed circuit board assemblies and other critical electronic systems for small and medium-sized customer programs across a wide range of industries, including industrial, aerospace and defense, automotive, and medical. VirTex is based in Austin, Texas.

Buy -

Seller(S) 1

SELLER

TreeHouse Foods

Oak Brook, Illinois, United States

Category Company
Founded 1862
Sector Food
Revenue 3.4B USD (2024)
DESCRIPTION
TreeHouse Foods' corporate headquarters based in Oak Brook, Illinois.
TreeHouse Foods' corporate headquarters based in Oak Brook, Illinois.

TreeHouse Foods manufactures and distributes private-label food and beverage products across North America. The Company produces snacks, beverages, and meal ingredients, including crackers, coffee, pretzels, cookies, powdered drinks, and condiments, serving grocery retailers, foodservice operators, and e-commerce brands. TreeHouse Foods is headquartered in Oak Brook, Illinois.


DEAL STATS #
Overall 1 of 7
Sector: Food M&A 1 of 7
Type: Divestiture M&A Deals 1 of 7
State: Pennsylvania M&A 1 of 1
Country: United States M&A 1 of 7
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-01 ConAgra Foods - Private Label Operations

United States

ConAgra Foods - Private Label Operations is a packaged food company.

Buy $2.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-16 TreeHouse Foods - McCann’s Irish Oatmeal

Oak Brook, Illinois, United States

TreeHouse Foods, Inc. - McCann’s Irish Oatmeal is a provider of classic traditional steel cut Irish oatmeal as well as convenience-oriented products.

Sell $32M