M&A Deal Summary

Marquette Capital Partners and C3 Capital Acquire Market Fresh Produce

On October 2, 2017, mezzanine finance firms Marquette Capital Partners and C3 Capital acquired food company Market Fresh Produce

Acquisition Highlights
  • This is Marquette Capital Partners’ 3rd and C3 Capital’s 2nd transaction in the Food sector.
  • This is Marquette Capital Partners’ 23rd and C3 Capital’s 77th transaction in the United States.
  • This is Marquette Capital Partners’ 1st and C3 Capital’s 4th transaction in Missouri.

M&A Deal Summary

Date 2017-10-02
Target Market Fresh Produce
Sector Food
Buyer(s) Marquette Capital Partners
C3 Capital
Deal Type Recapitalization
Advisor(s) The Peakstone Group (Financial)

Target

Market Fresh Produce

Springfield, Missouri, United States
Market Fresh Produce is a value-added supply chain manager of branded fresh vegetables and fruit to grocery retailers, grocery wholesalers, and foodservice providers nationwide. Market Fresh maintain close relationships with their growers and shippers along with priding themselves on quality and best in class service. Market Fresh Produce was founded in 1998 and is based in Springfield, Missouri.

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Buyer(S) 2

Buyer

Marquette Capital Partners

St. Louis Park, Minnesota, United States

Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 258M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Marquette Capital Partners (MCP) is a private investment focused on junior capital investments in mature lower-middle market companies. MCP looks to invest $2 to $10 million per transaction to support growth, recapitalization, or change of control transactions. Prospective companies are typically manufacturers of consumer or industrial products, value-added distributors, business to business service companies, and retail businesses. MCP will not invest in start-ups, early stage venture capital, or real estate businesses. The firm is an affiliate of Marquette Financial Companies, a multibillion dollar financial services firm. Marquette Capital Partners was formed in 1997 and is based in Minneapolis, Minnesota, with an additional office in Chicago, Illinois.


DEAL STATS #
Overall 23 of 23
Sector (Food) 3 of 3
Type (Recapitalization) 2 of 2
State (Missouri) 1 of 1
Country (United States) 23 of 23
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-19 Indigo Signs

Fargo, North Dakota, United States

Indigo Signs is a provider of custom-made exterior and interior signage, offering a wide suite of services, including design, manufacturing, installation, and maintenance to a diverse customer base. Indigo Signs was founded in 1996 and is based in Fargo, North Dakota.

Buy -
Buyer

C3 Capital

Kansas City, Missouri, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1994
PE ASSETS 500M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

C3 Capital is a private investment firm that provides capital for later-stage growth, strategic acquisitions, ownership transitions, and recapitalizations. The Firm typically invests in the form of subordinated debt or preferred equity and can commit between $3 and $15 million in businesses with at least $2 million of EBITDA. Target sectors include chemicals, plastics, energy, business services, distribution, and high value-added manufacturing. C3 does not seek a controlling interest when pursuing investments. C3 will not invest in real estate, oil/gas exploration, or financial institutions. C3 Capital is based in Kansas City, Missouri.


DEAL STATS #
Overall 78 of 83
Sector (Food) 2 of 2
Type (Recapitalization) 17 of 17
State (Missouri) 4 of 5
Country (United States) 77 of 82
Year (2017) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-18 Grunt Style

San Antonio, Texas, United States

Grunt Style designs manufacture and market apparel and accessories that are edgy, patriotic, and motivational themes. With nearly 400 US Veterans and Patriots, Grunt Style's mission is to deliver the highest quality, most Patriotic apparel on the planet, straight to your front door. Grunt Style was founded in 2009 and is based in San Antonio, Texas.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-20 BPX Logistics

Greenwood, Indiana, United States

BPX Logistics is a truckload carrier providing local and linehaul intermodal transportation services; management of container yards and handling both import and export traffic into and out of the major Southeastern seaports and rail ramps, ports. BPX Logistics was founded in 1995 and is based in Greenwood, Indiana.

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