M&A Deal Summary

MidOcean Partners and Kroger Acquire MPearlRock

On January 13, 2024, private equity firm MidOcean Partners and Kroger acquired business services company MPearlRock

Acquisition Highlights
  • This is MidOcean Partners’ 4th and Kroger’s 1st transaction in the Business Services sector.
  • This is MidOcean Partners’ 52nd and Kroger’s 14th transaction in the United States.
  • This is MidOcean Partners’ 4th and Kroger’s 4th transaction in Florida.

M&A Deal Summary

Date 2024-01-13
Target MPearlRock
Sector Business Services
Buyer(s) MidOcean Partners
Kroger
Deal Type Joint Venture

Target

MPearlRock

Palm Beach Gardens, Florida, United States
MPearlRock provides emerging consumer brands with significant resources and value-add opportunities across distribution, marketing, product development, manufacturing, supply chain, data analytics and talent acquisition functions. MPearlRock is based in Palm Beach Gardens, Florida.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 2

Buyer

MidOcean Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

MidOcean Partners is a private equity firm focused on acquiring controlling interests in middle-market companies throughout North America. The Firm has a preference for consumer and business services sectors including automotive, food/beverage, retail, consumer products, information services, infrastructure services, training and more. MidOcean seeks opportunities valued between $150 and $750 million where it can commit $75 to $300 million. In addition to investing equity, MidOcean also looks to provide flexible credit solutions as well. MidOcean Partners was formed in 2003 and is based in New York, New York.


DEAL STATS #
Overall 57 of 60
Sector (Business Services) 4 of 4
Type (Joint Venture) 1 of 1
State (Florida) 4 of 5
Country (United States) 52 of 55
Year (2024) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-07 Smith System

Arlington, Texas, United States

Smith System is a provider of accident avoidance driver training for vehicle fleets. Smith’s customers, many of whom are Fortune 500 companies, represent diverse end markets from logistics to pharmaceuticals. Smith System was formed in 1952 and is based in Arlington, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-17 Re-Sourcing

Valhalla, New York, United States

Re-Sourcing is a provider of strategic staffing, consulting, and direct hire solutions, focusing on Compliance, Legal, Information Technology, Finance & Accounting, and HR positions. Re-Sourcing was founded in 2003 and is based in Valhalla, New York.

Buy -
Buyer

Kroger

Cincinnati, Ohio, United States

Category Company
Founded 1883
Sector Retail
Employees500,000
Revenue 150.0B USD (2024)
DESCRIPTION

Kroger operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores throughout the United States under a variety of brands. The Kroger was formed in 1883 and is based in Cincinnati, Ohio.


DEAL STATS #
Overall 14 of 14
Sector (Business Services) 1 of 1
Type (Joint Venture) 1 of 1
State (Florida) 4 of 4
Country (United States) 14 of 14
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-14 Albertsons

Boise, Idaho, United States

Albertsons is a food and drug retailer. Albertsons operates under 20 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw's, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen and Carrs, as well as meal kit company Plated. Albertsons was formed in 1939 and is based in Boise, Idaho.

Buy $24.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-18 Kroger Specialty Pharmacy

Cincinnati, Ohio, United States

Kroger Specialty Pharmacy operates in-store retail pharmacies and The Little Clinics. Kroger Specialty Pharmacy is based in Cincinnati, Ohio.

Sell -