M&A Deal Summary

Inventure Foods Acquires Fresh Frozen Foods

On November 12, 2013, Inventure Foods acquired food company Fresh Frozen Foods from Chatham Capital Partners for 38M USD

Acquisition Highlights
  • This is Inventure Foods’ 1st transaction in the Food sector.
  • This is Inventure Foods’ largest (disclosed) transaction.
  • This is Inventure Foods’ 1st transaction in the United States.
  • This is Inventure Foods’ 1st transaction in Georgia.
Investment Fate
  • Fresh Frozen Foods was divested to a consortium of strategic buyers in 2017 for 24M USD.

M&A Deal Summary
Date 2013-11-12
Target Fresh Frozen Foods
Sector Food
Buyer(s) Inventure Foods
Sellers(s) Chatham Capital Partners
Deal Type Add-on Acquisition
Deal Value 38M USD

Target

Fresh Frozen Foods

Jefferson, Georgia, United States
Fresh Frozen is a family-owned, full-service processor and supplier of more than 60 varieties of frozen vegetables and fruits to retail outlets throughout the Southeast United States and the Caribbean Islands. In addition to a bulk packaging facility in Jefferson, Georgia, the business has a processing facility in Thomasville, Georgia.

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Buyer(S) 1

Buyer

Inventure Foods

Phoenix, Arizona, United States
Category Company
Sector Food
DESCRIPTION

Inventure Foods, Inc. is a marketer and manufacturer of specialty food brands in better-for-you and indulgent categories under a variety of Company owned and licensed brand names, including Boulder Canyon Foods™, TGI Fridays™, Nathan's Famous®, Vidalia Brands®, Poore Brothers®, and Tato Skins®, Bob's Texas Style®.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Georgia) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-23 Fresh Frozen Foods

Jefferson, Georgia, United States

Fresh Frozen is a family-owned, full-service processor and supplier of more than 60 varieties of frozen vegetables and fruits to retail outlets throughout the Southeast United States and the Caribbean Islands. In addition to a bulk packaging facility in Jefferson, Georgia, the business has a processing facility in Thomasville, Georgia.

Sell $24M

Seller(S) 1

SELLER

Chatham Capital Partners

Atlanta, Georgia, United States

Investor Investor

Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Chatham Capital Partners is a mezzanine finance firm that provides capital to lower middle-market companies. Chatham looks for investments in healthcare, manufacturing, and service companies with revenues of $10 to $50 million. Chatham will consider opportunities across the US with a preference for companies located in the Eastern and South regions of the US. Chatham will not consider early-stage, venture capital or real estate investments. Chatham was formed in 2001 and is based in Atlanta, Georgia.

DEAL STATS #
Overall 11 of 17
Sector (Food) 1 of 1
Type (Add-on Acquisition) 6 of 8
State (Georgia) 3 of 3
Country (United States) 11 of 17
Year (2013) 1 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-21 Victra

Raleigh, North Carolina, United States

Victra operates as an exclusive authorized agent for Verizon Wireless. Victra has approximately 1,600 Verizon-branded retail stores across 49 states, offering a comprehensive mix of wireless devices including smartphones, feature phones, tablets, mobile broadband, and wearables; as well as a broad range of accessories and device insurance coverage. Victra was founded in 1996 and is based in Raleigh, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-21 OmniSYS

Dallas, Texas, United States

OmniSYS is a provider of medical claims management and compliance IT services for pharmacies, durable medical equipment providers, managed care organizations, and commercial retiree plans. OmniSYS was founded in 1988 and is based in Dallas, Texas.

Sell -
Mergr

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