M&A Deal Summary

Meriwether Capital Acquires Segrest

On December 1, 2002, private equity firm Meriwether Capital acquired distribution company Segrest

Acquisition Highlights
  • This is Meriwether Capital’s 1st transaction in the Distribution sector.
  • This is Meriwether Capital’s 3rd transaction in the United States.
  • This is Meriwether Capital’s 1st transaction in Florida.
Investment Fate
  • Segrest was sold to a publicly-traded strategic buyer in 2016 for 60M USD.

M&A Deal Summary

Date 2002-12-01
Target Segrest
Sector Distribution
Buyer(s) Meriwether Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Segrest

Gibsonton, Florida, United States
Segrest, Inc. is a wholesale distributor of tropical fish to pet store chains and independent pet shops.

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Buyer(S) 1

Buyer

Meriwether Capital

New York, New York, United States

Category Private Equity Firm
Founded 1976
Size Small
Type Sector Agnostic
DESCRIPTION

Meriwether Capital is a private equity firm focused on acquiring middle-market private companies and corporate divestitures. Meriwether prefers opportunities located in the Eastern US with EBITDA of at least $2 million. Target sectors include specialty manufacturing, distribution, and service. Meriwether typically seeks majority positions. Meriwether Capital was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 3 of 6
Sector: Distribution M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 6
State: Florida M&A 1 of 1
Country: United States M&A 3 of 6
Year: 2002 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-12-01 The M.H. Rhodes Co.

South Windsor, Connecticut, United States

The M.H. Rhodes Company, located in South Windsor, Connecticut manufactures a wide range of timers and panel mount time switches for the medical, automotive, military, appliance, aerospace, security and food service industries

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-01 Cramer Company

South Windsor, Connecticut, United States

The Cramer Company, also located in South Windsor, Connecticut, manufactures a range of motorized cycle timers, elapsed time indicators and permanent magnet motors for machinery, appliances, military and HVAC applications

Buy -