M&A Deal Summary |
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|---|---|
| Date | 2023-04-17 |
| Target | Fiber By-Products |
| Sector | Forest Products |
| Buyer(s) | Lignetics |
| Sellers(s) | Beringea |
| Deal Type | Add-on Acquisition |
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Lignetics is a residential wood pellet manufacturing company in the U.S. The company’s innovative eco-friendly offering includes premium wood pellets for super-efficient home heating, barbecue pellets that naturally seal in perfect wood-fired flavor, and a superior all-natural high-performance cat litter. The company delivers these innovative all-natural products through national retail partners and directly to consumers via the only national network of wood pellet manufacturing plants spread across the U.S. and Canada with 22 different plant locations. Lignetics was founded in 1983 and is based in Broomfield, Colorado.
| DEAL STATS | # |
|---|---|
| Overall | 5 of 5 |
| Sector (Forest Products) | 5 of 5 |
| Type (Add-on Acquisition) | 4 of 4 |
| State (Michigan) | 1 of 1 |
| Country (United States) | 5 of 5 |
| Year (2023) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-04-16 |
GLRE
Hayward, Wisconsin, United States GLRE is a wood pellet manufacturer specializing in BBQ wood pellets, primarily under the Lumber Jack Grilling Pellets brand. The Company is the only round log pellet mill in the world that has devoted its future capacity to produce this product, and it is the only mill making a 5.5mm size pellet. GLRE serves over 1,200 recurring customers in various BBQ sub-sectors across the globe including seasoning, sporting goods, leisure, and professional meat smoking companies. GLRE is based in Hayward, Wisconsin. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1988 |
| PE ASSETS | 715M USD |
| Size | Middle-Market |
| Type | Sector Agnostic |
Beringea LLP is a private equity firm focused on growth-oriented company investments in the Midwest US and the UK. Beringea looks to invest $2 to $10 million of equity or junior capital in profitable companies with 5 million and higher in revenue. Funds are used to support business expansions and growth, ownership transitions, leveraged buyouts, recapitalization, and refinancings. The Firm does not have any sector preferences and generally seeks businesses with proven business models and defensible market positions. Beringea was formed in 1988 and is based in London.
| DEAL STATS | # |
|---|---|
| Overall | 42 of 42 |
| Sector (Forest Products) | 1 of 1 |
| Type (Add-on Acquisition) | 27 of 27 |
| State (Michigan) | 8 of 8 |
| Country (United States) | 17 of 17 |
| Year (2023) | 4 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-02-07 |
Cipher
London, United Kingdom Cipher is a provider of patent analytics software designed to enable businesses to access data about patented technology with greater speed and accuracy. Cipher harnesses artificial intelligence and machine learning algorithms to classify, identify, and analyze patents in ways that have traditionally involved intellectual property specialists in an expensive and time-consuming process. Cipher was founded in 2013 and is based in London, United Kingdom. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-09-13 |
Optilogic
Ann Arbor, Michigan, United States Optilogic offers cloud-native supply chain network design solutions that enable businesses to evaluate trade-offs across financial performance, service levels, and systemic risk to design resilient supply chains even in the most dynamic, challenging environments. Optilogic is based in Ann Arbor, Michigan. |
Buy | - |
