M&A Deal Summary

James Finlay International Acquires Autocrat

On April 29, 2014, James Finlay International acquired food company Autocrat from Argosy Private Equity and Plexus Capital

Acquisition Highlights
  • This is James Finlay International’s 2nd transaction in the Food sector.
  • This is James Finlay International’s 1st transaction in the United States.
  • This is James Finlay International’s 1st transaction in Rhode Island.

M&A Deal Summary
Date 2014-04-29
Target Autocrat
Sector Food
Buyer(s) James Finlay International
Sellers(s) Argosy Private Equity
Plexus Capital
Deal Type Add-on Acquisition

Target

Autocrat

Lincoln, Rhode Island, United States
Autocrat LLC is a coffee roaster and manufacturer of extracts used as flavorings in a wide range of beverage and snack food markets.

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Buyer(S) 1

Buyer

James Finlay International

London, United Kingdom
Category Company
Founded 1750
Sector Food
DESCRIPTION

Finlays was founded in 1750.i has tea and horticultural interests in Kenya, South Africa and Sri Lanka, complemented by global trading, packaging and extraction activities. It’s primary markets are in the UK, USA, Asia and increasingly continental Europe.

DEAL STATS #
Overall 2 of 2
Sector (Food) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Rhode Island) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-10-18 Vintage Parts

Beaver Dam, Wisconsin, United States

Vintage Parts is a distributor of original slow moving and inactive OEM replacement parts for automobiles, recreational vehicles, and construction, agricultural and material handling equipment. Vintage Parts is based in Beaver Dam, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-14 Flamingo

Stevenage, United Kingdom

Flamingo is a vertically integrated horticultural business that grows, processes, packages, markets, and distributes cut flowers and premium prepared fresh vegetables. Customers include retailers such as Tesco, Marks and Spencer, Sainsbury’s and Waitrose, as well as other international customers. Flamingo is based in Stevenage, United Kingdom.

Sell -

Seller(S) 2

SELLER

Argosy Private Equity

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1990
PE ASSETS 575M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Argosy Private Equity is the private equity arm of Argosy Capital, an asset management firm. Argosy Private Equity provides both debt and equity capital to lower middle-market companies located throughout the US. Argosy focuses on growth companies with experienced management teams and revenues between $15 and $100 million and EBITDA of $3 to $9 million. Argosy looks to invest $5 - $20 million per transaction. Specific areas of interest include manufacturing, business services, franchising and Value added distributions. The Firm will consider a variety of transaction types, including MBO’s, recapitalizations, growth equity and acquisitions. Argosy was formed in 1990 and is based in Wayne, Pennsylvania.

DEAL STATS #
Overall 20 of 52
Sector (Food) 3 of 4
Type (Add-on Acquisition) 14 of 38
State (Rhode Island) 1 of 1
Country (United States) 20 of 52
Year (2014) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-03 U-C Coatings

Buffalo, New York, United States

U-C Coatings is a manufacturer and supplier of wood protection products for the logging, lumber, furniture, and woodworking industries. Its products include ANCHORSEAL end sealer for logs and lumber, GEMPAINT lumber tagging paints, and SEAL-ONCE waterproofers. U-C Coatings was founded in 1971 and is based in Buffalo, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 CBT Technology

Randolph, Massachusetts, United States

CBT Technology is a provider of front panel and enclosure solutions using sheet metal and extruded aluminum for ruggedized and commercial applications in the communications, enterprise & networking, defense, and medical markets. CBT Technology was founded in 1945 and is based in Randolph, Massachusetts.

Sell -
SELLER

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 2.2B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 13 of 41
Sector (Food) 1 of 3
Type (Add-on Acquisition) 7 of 23
State (Rhode Island) 1 of 3
Country (United States) 13 of 41
Year (2014) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-20 Atchafalaya Measurement

Scott, Louisiana, United States

Atchafalaya Measurement, Inc. is a multi-basin Oil & Gas Services company providing customized measurement systems to onshore and offshore drilling operations in many of the fastest-growing drilling regions in the United States. Atchafalaya Measurement was founded in 1982 and is based in Scott, Louisiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-01 Compass Systems and Sales

Barberton, Ohio, United States

Compass Systems and Sales is a provider of highly engineered material handling solutions specializing in systems requiring dilute phase pneumatic capabilities. Compass Systems and Sales was founded in 1998 and is based in Barberton, Ohio.

Buy -
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