M&A Deal Summary

Johnsonville Acquires Salm Partners

On January 3, 2024, Johnsonville acquired food company Salm Partners from Entrepreneurial Equity Partners

Acquisition Highlights
  • This is Johnsonville’s 1st transaction in the Food sector.
  • This is Johnsonville’s 1st transaction in the United States.
  • This is Johnsonville’s 1st transaction in Wisconsin.

M&A Deal Summary
Date 2024-01-03
Target Salm Partners
Sector Food
Buyer(s) Johnsonville
Sellers(s) Entrepreneurial Equity Partners
Deal Type Add-on Acquisition
Advisor(s) William Blair (Financial)

Target

Salm Partners

Denmark, Wisconsin, United States
Salm Partners is a manufacturer of fully cooked sausages and premium hot dogs in the United States serving a blue-chip customer base that includes industry-leading brands. Utilizing a differentiated, co-extrusion, cook-in-package manufacturing process, Salm offers better-tasting, clean label products with extended shelf lives relative to sausages produced utilizing conventional methods. Salm Partners was founded in 2004 and is based in Denmark, Wisconsin.

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Buyer(S) 1

Buyer

Johnsonville

Sheboygan Falls, Wisconsin, United States
Category Company
Sector Food
DESCRIPTION

Johnsonville is a family-owned and privately held manufacturer of premium sausage and other food products. Johnsonville is based in Sheboygan Falls, Wisconsin.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1

Seller(S) 1

SELLER

Entrepreneurial Equity Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2018
Size Small
Type Sector Focused
DESCRIPTION

Entrepreneurial Equity Partners is a private equity firm focused on opportunities in the food sector. Specific areas of interest include food/beverage brands, private label/contract manufacturing, foodservice, and consumer packaged goods. The Firm prefers control situations in businesses with minimum revenues of $50 million where it can commit at least $25 million of equity capital. Entrepreneurial Equity Partners is headquartered in Chicago, Illinois.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Wisconsin) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-13 Murry s

Lebanon, Pennsylvania, United States

Murry's is a manufacturer of frozen French toast sticks and bites that are sold into the private label retail and food service channels. The company is a family-owned business trusted name in food manufacturing with French toast products distributed nationwide. Murry's was founded in 1948 and is based in Lebanon, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-17 Shock-Gard

Lancaster, Texas, United States

Shock-Gard is a sustainable, fiber-reinforced, RFID-enabled expandable foam-core panel used to absorb shock and prevent damage within railcars and intermodal containers. Shock-Gard is based in Lancaster, Texas.

Buy -
Mergr

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