M&A Deal Summary

Insignia Capital Group Acquires Chocolate Works

On September 1, 2023, private equity firm Insignia Capital Group acquired food company Chocolate Works from Chicago Capital Partners

Acquisition Highlights
  • This is Insignia Capital Group’s 4th transaction in the Food sector.
  • This is Insignia Capital Group’s 11th transaction in the United States.
  • This is Insignia Capital Group’s 2nd transaction in New York.

M&A Deal Summary
Date 2023-09-01
Target Chocolate Works
Sector Food
Buyer(s) Insignia Capital Group
Sellers(s) Chicago Capital Partners
Deal Type Secondary Buyout

Target

Chocolate Works

Freeport, New York, United States
Chocolate Works is a manufacturer and purveyor of niche fine/artisan chocolates for personal and corporate gifts. Chocolate Works offerings include truffles, chocolate dipped or covered strawberries, pretzels, nuts, Oreos/cookies and specialty chocolate molded products. Chocolate Works was founded in 1973 and is based in Freeport, New York.

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Buyer(S) 1

Buyer

Insignia Capital Group

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Insignia Capital Group is a private equity firm focused on growth-oriented, lower middle-market companies throughout North America. The Firm targets profitable businesses with $5 to $30 million of EBITDA. Prospective transaction situations include management buyouts, corporate carve-outs, public-to-private transactions, build-ups, recapitalizations, growth equity investment,s and strategic minority investments. Insignia Capital was Insignia Capital Group was established in 2011 and is headquartered in Walnut Creek, California.

DEAL STATS #
Overall 11 of 12
Sector (Food) 4 of 4
Type (Secondary Buyout) 3 of 3
State (New York) 2 of 2
Country (United States) 11 of 12
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-25 Dualboot Partners

Charlotte, North Carolina, United States

Dualboot Partners is a provider of digital product design and software development services to start-ups and fortune 500 companies. Dualboot Partners was founded in 2018 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-22 V One

Irvine, California, United States

V One is a full-service agency creating native and traditional advertising for most recognizable brands. V One is based in Costa Mesa, California.

Buy $104M

Seller(S) 1

SELLER

Chicago Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
Size Small
Type Sector Agnostic
DESCRIPTION

Chicago Capital Partners is a private equity firm focused on majority investments in profitable, lower middle-market companies with $2 to $10 million of EBITDA. The Firm seeks US-based companies with strong margins, sustainable cash flows, and opportunities for growth. Sectors of interest include business services, consumer products, distribution, food, beverage, and niche manufacturing. Chicago Capital Partners was formed in 2011 and is based in Highland Park, Illinois.

DEAL STATS #
Overall 3 of 3
Sector (Food) 1 of 1
Type (Secondary Buyout) 1 of 1
State (New York) 1 of 1
Country (United States) 3 of 3
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 Nickerson

Bay Shore, New York, United States

Nickerson distributors of high-quality K-12 school furniture and equipment. Nickerson distributes products such as cabinetry, tables and chairs, science laboratory equipment, and gymnasium lockers and bleachers. Nickerson was founded in 1952 and is based in Bay Shore, New York.

Buy -
Mergr

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