M&A Deal Summary

MidOcean Partners Acquires QualiTech

On June 7, 2023, private equity firm MidOcean Partners acquired food company QualiTech

Acquisition Highlights
  • This is MidOcean Partners’ 4th transaction in the Food sector.
  • This is MidOcean Partners’ 50th transaction in the United States.
  • This is MidOcean Partners’ 3rd transaction in Minnesota.

M&A Deal Summary

Date 2023-06-07
Target QualiTech
Sector Food
Buyer(s) MidOcean Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

QualiTech

Chaska, Minnesota, United States
QualiTech is a family-owned global manufacturer of plant nutrition, animal nutrition and food ingredient products and services. QualiTech was founded in 1967 and is based in Chaska, Minnesota.

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Buyer(S) 1

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 55 of 60
Sector (Food) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 17 of 18
State (Minnesota) 3 of 3
Country (United States) 50 of 55
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-08 Nutrabolt

Austin, Texas, United States

Nutrabolt produces a line of sports nutrition products under the Cellucor, Neon Sport and Royal Sport brands that have a focus on innovative performance powders and supplements across a wide range of categories, including pre-workout, protein and post-workout recovery. Nutrabolt was founded in 2002 and is based in Austin, Texas.

Sell -
FOLLOWING 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 -