M&A Deal Summary

Lewis & Clark Capital Acquires Hi-Pointe Drive-In

On January 1, 2020, private equity firm Lewis & Clark Capital acquired restaurant Hi-Pointe Drive-In

Acquisition Highlights
  • This is Lewis & Clark Capital’s 2nd transaction in the Restaurants sector.
  • This is Lewis & Clark Capital’s 9th transaction in the United States.
  • This is Lewis & Clark Capital’s 5th transaction in Missouri.

M&A Deal Summary
Date 2020-01-01
Target Hi-Pointe Drive-In
Sector Restaurants
Buyer(s) Lewis & Clark Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Hi-Pointe Drive-In

St. Louis, Missouri, United States
Hi-Pointe Drive-In is a fast-casual hospitality brand with a unique character paired with culinary chops to back it up. Hi-Pointe Drive-In is based in St. Louis, Missouri.

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Buyer(S) 1

Buyer

Lewis & Clark Capital

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

FTL Capital is a private investment firm focused on partnering with management teams to pursue acquisitions of profitable US-based companies with up to $100 million in revenues. FTL has a preference for family-owned companies with strong business models, differentiated products/services, and significant opportunities for growth. Sectors of interest include industrial products/services, business services, financial services, real estate, technology, and food. FTL Capital was formed in 2001 and is based in St. Louis, Missouri.

DEAL STATS #
Overall 9 of 11
Sector (Restaurants) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 5 of 7
State (Missouri) 5 of 7
Country (United States) 9 of 11
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Chicken Out

St Louis, Missouri, United States

Chicken Out is a home meal replacement option, and caters meals for single families as well as large groups. Chicken Out is based in St Louis, Missouri.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-20 Valley Minerals

Clayton, Missouri, United States

Valley Minerals is a stocking manufacturer of Dolomitic Quicklime. The product line of packaged products in 50-pound bags and super sacks including; Art slag, ASA-1, Dolomitic lime, Hi Calcium lime, Zirmag, Zircon Sand, and other minerals and sands. Valley Minerals was founded in 1926 and is based in Clayton, Missouri.

Sell -
Mergr

Product

Company

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