M&A Deal Summary

Lake Pacific Partners, Frontenac and Harvey & Company Acquire Wenner Bakery

On July 14, 2011, private equity firm Lake Pacific Partners, private equity firm Frontenac and merchant bank Harvey & Company acquired food company Wenner Bakery

Acquisition Highlights
  • This is Lake Pacific Partners’ 8th, Frontenac’s 3rd and Harvey & Company’s 2nd transaction in the Food sector.
  • This is Lake Pacific Partners’ 7th, Frontenac’s 45th and Harvey & Company’s 22nd transaction in the United States.
  • This is Lake Pacific Partners’ 1st, Frontenac’s 2nd and Harvey & Company’s 1st transaction in New York.
Investment Fate
  • Wenner Bakery was sold to a strategic buyer in 2013.

M&A Deal Summary

Date 2011-07-14
Target Wenner Bakery
Sector Food
Buyer(s) Lake Pacific Partners
Frontenac
Harvey & Company
Deal Type Recapitalization

Target

Wenner Bakery

Ronkonkoma, New York, United States
Wenner Bread Products, Inc. is a producer of bread and rolls sold to in-store bakery and foodservice customers. Wenner Bakery was founded in 1956 and is based in Ronkonkoma, New York.

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Buyer(S) 3

Buyer

Lake Pacific Partners

Chicago, Illinois, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 150M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Lake Pacific Partners is a private equity firm that targets investments in businesses operating in the food, consumer products, consumer services, and distribution sectors. The firm pursues North American public or private companies with revenues between $20 and $500 million. Lake Pacific will consider investing equity and/or junior capital. Investment funds are typically used to support buyouts, recapitalizations, turnarounds, and growth capital needs. Lake Pacific will not invest in start-ups or early stage companies. Lake Pacific was formed in 2000 and is based in Chicago, Illinois.


DEAL STATS #
Overall 9 of 9
Sector: Food M&A 8 of 8
Type: Recapitalization M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 7 of 7
Year: 2011 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-01 Mercer Foods

Modesto, California, United States

Mercer Foods is a provider of freeze-dried fruit and vegetable ingredients. Mercer Foods offers a complete solution for freeze-dried food needs, including an extensive product portfolio and complete customization capabilities. Mercer Foods was founded in 1980 and is based in Modesto, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Wenner Bakery

Ronkonkoma, New York, United States

Wenner Bread Products, Inc. is a producer of bread and rolls sold to in-store bakery and foodservice customers. Wenner Bakery was founded in 1956 and is based in Ronkonkoma, New York.

Sell -
Buyer

Frontenac

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1971
PE ASSETS 2.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Frontenac is a Midwest US-based private equity firm that seek profitable, lower middle-market company investments with $5 to $25 million of EBITDA. Frontenac typically partners with management when pursuing acquisitions, including companies managed by owner-operators. Sectors of interest include financial services, healthcare services, education/HR services, manufacturing, publishing/media, and technology services. Frontenac was formed in 1971 and is based in Chicago, Illinois.


DEAL STATS #
Overall 47 of 81
Sector: Food M&A 3 of 9
Type: Recapitalization M&A Deals 8 of 29
State: New York M&A 2 of 4
Country: United States M&A 45 of 77
Year: 2011 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-09 WNCFirst Insurance Services

Pasadena, California, United States

WNCFirst Insurance Services, Inc. is a specialty insurance products sold to financial institutions. The Company acts as a distribution channel for Lloyds of London and other specialty carriers, providing lender-placed coverage, including flood and wind insurance, as well as certain voluntary coverages.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-10 BHG

Dallas, Texas, United States

BHG is a provider of outpatient substance abuse treatment services, primarily for addiction to prescription pain medication. BHG was founded in 2006 and is based in Dallas, Texas.

Buy -
DESCRIPTION

Harvey & Company is a principal investment and advisory group. The Firm works with companies and private equity firms on acquisition searches as well as makes investments of its own. Harvey & Company was established in 1998 and is headquartered in Newport Beach, California.


DEAL STATS #
Overall 24 of 72
Sector: Food M&A 2 of 4
Type: Recapitalization M&A Deals 10 of 24
State: New York M&A 1 of 4
Country: United States M&A 22 of 67
Year: 2011 M&A 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-30 Fabreeka International

Stoughton, Massachusetts, United States

Fabreeka International, Inc. is a provider of engineered vibration-isolation and shock-control solutions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-25 FDS Amplicare

Fort Worth, Texas, United States

FDS Amplicare is a provider of software and technology-enabled data solutions to the healthcare services industry. FDS Amplicare provides health care data services including prescription claims routing, prescription claims reviews & edits, robust data warehousing, e-prescribing, online DME claims processing, claims reconciliation, claims management backend services, patient education programs, and revenue-enhancing programs. FDS Amplicare was founded in 2011 and is based in Fort Worth, Texas.

Buy -