M&A Deal Summary

Keurig Green Mountain Acquires Timothys Coffees of the World

On November 13, 2009, Keurig Green Mountain acquired retailer Timothys Coffees of the World from Penfund and Sun Capital Partners for 157M USD

Acquisition Highlights
  • This is Keurig Green Mountain’s 2nd transaction in the Retail sector.
  • This is Keurig Green Mountain’s 4th largest (disclosed) transaction.
  • This is Keurig Green Mountain’s 1st transaction in Canada.
  • This is Keurig Green Mountain’s 1st transaction in Ontario.

M&A Deal Summary

Date 2009-11-13
Target Timothys Coffees of the World
Sector Retail
Buyer(s) Keurig Green Mountain
Sellers(s) Penfund
Sun Capital Partners
Deal Type Add-on Acquisition
Deal Value 157M USD

Target

Timothys Coffees of the World

Toronto, Ontario, Canada
Timothys Coffees of the World, Inc. is a retailer and wholesaler of premium coffee and related food items. Headquartered in Toronto, Ontario, Timothy’s is a premium coffee company that produces specialty coffee, tea and other beverages in a variety of packaged forms.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Keurig Green Mountain

Waterbury, Vermont, United States

Category Company
Founded 1981
Sector Beverages
Employees6,600
Revenue 4.7B USD (2014)
DESCRIPTION

Keurig Green Mountain, Inc. is a coffee roaster and packager based in Vermont. Keurig Green is a provider in specialty coffee, coffee makers, teas, and other beverages.


DEAL STATS #
Overall 3 of 7
Sector (Retail) 2 of 3
Type (Add-on Acquisition) 2 of 5
State (Ontario) 1 of 1
Country (Canada) 1 of 2
Year (2009) 2 of 3
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-03-30 Tully’s Coffee Brand

United States

Tully’s Coffee Brand a coffee retailer.

Buy $40M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-08 Diedrich Coffee

Irvine, California, United States

Diedrich Coffee specializes in sourcing, roasting and selling the world's highest quality coffees. The company markets its three brands of specialty coffees, Diedrich Coffee, Coffee People and Gloria Jean's Coffees, through office coffee service distributors, restaurants and specialty retailers, and via the company's web stores.

Buy $290M

Seller(S) 2

SELLER

Penfund

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1979
PE ASSETS 2.7B CAD
Size Large
Type Sector Agnostic
DESCRIPTION

Penfund is a private investment firm that provides equity, junior capital, and alternative financing to Canadian-based middle-market companies with EBITDA of at least C$20 million. Penfund can commit up to C$225 million per transaction. Penfund does not have any industry preferences and its investments are generally used to support growth needs, recapitalization, shareholder liquidity, acquisitions, and buyouts. Penfund was formed in 1979 and is based in Toronto.


DEAL STATS #
Overall 4 of 19
Sector (Retail) 2 of 4
Type (Add-on Acquisition) 3 of 8
State (Ontario) 3 of 6
Country (Canada) 3 of 9
Year (2009) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-11-10 Caliber

Lewisville, Texas, United States

Caliber is a multi-site operator of auto body collision repair centers in the United States with a nationwide footprint that includes over 1,000 centers. Caliber provides repair solutions that enable its insurance company partners to improve customer satisfaction and drive policyholder retention while also reducing repair costs in the claims process. Caliber was founded in 1997 and is based in Lewisville, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-31 Bluewave Energy

Dartmouth, Nova Scotia, Canada

Bluewave Energy operates as a petroleum delivery company in Canada. It delivers furnace oil, diesel oil, dyed diesel oil, gasoline, Shell lubricants, marine gas oil, and heavy fuel oil to commercial and residential customers, as well as asphalt to highway, street, and airport construction in Western Canada. The company also provides equipment service plans, heating equipment, and oil spill protection, as well as heating, air conditioning, and fuel storage equipment services and finance.

Sell -
SELLER

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.


DEAL STATS #
Overall 13 of 127
Sector (Retail) 5 of 24
Type (Add-on Acquisition) 2 of 53
State (Ontario) 1 of 3
Country (Canada) 1 of 4
Year (2009) 5 of 6
Size (of disclosed) 13 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-07 Big 10 Tire Stores

Mobile, Alabama, United States

Big 10 Tire, Inc. operates as a tire retailing company in Georgia, Florida,

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-01 The LANG Companies Inc

Waukesha, Wisconsin, United States

The LANG Companies, Inc is a provider of art, design, and sports driven calendars (second largest participant in the U.S. calendar industry), back-to-school products, greeting cards and stationary. Products are marketed under three widely-recognized Company-owned brands: Lang, Avalanche and Turner Licensing brands.

Buy -