M&A Deal Summary

Keter Acquires Breezesta

On October 25, 2021, Keter acquired furniture company Breezesta from Argosy Private Equity

Acquisition Highlights
  • This is Keter’s 1st transaction in the Furniture sector.
  • This is Keter’s 3rd transaction in the United States.
  • This is Keter’s 3rd transaction in Pennsylvania.

M&A Deal Summary

Date 2021-10-25
Target Breezesta
Sector Furniture
Buyer(s) Keter
Sellers(s) Argosy Private Equity
Deal Type Add-on Acquisition

Target

Breezesta

New Holland, Pennsylvania, United States
Breezesta is a manufacturer of recycled poly-resin outdoor furniture and accessories. Breezesta was founded in 2004 and is based in New Holland, Pennsylvania.

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Buyer(S) 1

Buyer

Keter

Herzliya, Israel

Category Company
Founded 1948
Sector Consumer Products
DESCRIPTION

Keter is a manufacturer and marketer of resin-based household and garden consumer products and found in more than 25,000 retail outlets worldwide. Keter was founded in 1948 and is based in Herzliya, Israel.


DEAL STATS #
Overall 5 of 5
Sector: Furniture M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 5
State: Pennsylvania M&A 3 of 3
Country: United States M&A 3 of 3
Year: 2021 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-25 Trigon Plastics

Newmanstown, Pennsylvania, United States

Trigon Plastics operates a plastic recovery and recycling facility, processing in excess of 25 million pounds of post-consumer scrap plastic annually. Trigon Plastics was founded in 2012 and is based in Newmanstown, Pennsylvania.

Buy -

Seller(S) 1

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 45 of 55
Sector: Furniture M&A 1 of 1
Type: Add-on Acquisition M&A Deals 32 of 39
State: Pennsylvania M&A 15 of 17
Country: United States M&A 45 of 55
Year: 2021 M&A 6 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-25 Trigon Plastics

Newmanstown, Pennsylvania, United States

Trigon Plastics operates a plastic recovery and recycling facility, processing in excess of 25 million pounds of post-consumer scrap plastic annually. Trigon Plastics was founded in 2012 and is based in Newmanstown, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Paragon

Fort Worth, Texas, United States

Paragon is a critical parts and services provider to the nuclear power industry, helping to advance zero carbon energy. The Company serves both large nuclear utility power plants and next generation advanced Small Modular Reactors (SMRs). Paragon was formed in 2000 and is based in Fort Worth, Texas.

Sell -