Investment Summary

Midwest Growth Partners, Valesco Industries and Brookside Capital Partners Invest In Adams

On March 24, 2022, private equity firm Midwest Growth Partners, private equity firm Valesco Industries and mezzanine finance firm Brookside Capital Partners invested in food company Adams

Investment Highlights
  • This is Midwest Growth Partners’ 4th, Valesco Industries’ 1st and Brookside Capital Partners’ 2nd transaction in the Food sector.
  • This is Midwest Growth Partners’ 12th, Valesco Industries’ 11th and Brookside Capital Partners’ 56th transaction in the United States.
  • This is Midwest Growth Partners’ 1st, Valesco Industries’ 3rd and Brookside Capital Partners’ 5th transaction in Texas.

Investment Summary

Date 2022-03-24
Target Adams
Sector Food
Investor(s) Midwest Growth Partners
Valesco Industries
Brookside Capital Partners
Deal Type Growth Capital

Target

Adams

Gonzales, Texas, United States
Adams is a full-service dry and wet flavor manufacturer and distributor of seasonings, spices, panko, extracts, and food coloring. Adams was founded in 1888 and is based in Gonzales, Texas.

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Investor(S) 3

Investor
DESCRIPTION

Midwest Growth Partners is a private equity firm focused on investing in established, growing businesses throughout rural areas across the country. The Firm targets businesses operating in the food, agriculture, manufacturing, and distribution sectors with $4 to $100 million in revenue. Midwest Growth Partners provides a variety of debt and equity capital and seeks to commit $500k to $10 million per investment. Midwest Growth Partners was formed in 2013 and is headquartered in Des Moines, Iowa.


DEAL STATS #
Overall 12 of 15
Sector: Food M&A 4 of 4
Type: Growth Capital M&A Deals 7 of 7
State: Texas M&A 1 of 1
Country: United States M&A 12 of 15
Year: 2022 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-07 Catalina Finer Foods

Tampa, Florida, United States

Catalina Finer Foods is a manufacturer of authentic Cuban and Caribbean cuisine including varieties of croquettes, stuffed potato balls, tamales, stuffed cassava, and other ancillary products. Catalina Finer Foods was founded in 1974 and is based in Tampa, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-07 Ullman Oil

Chagrin Falls, Ohio, United States

Ullman Oil is a full-service provider and distributor of gasoline, diesel fuel, bio-diesel, home heating oil and lubricants to commercial, industrial, and residential customers. Ullman Oil was established in 1966 and is based in Chagrin Falls, Ohio.

Buy -
DESCRIPTION

Valesco Industries is a private equity firm focused on growth-oriented small and lower middle-market businesses across the US. Valesco seeks profitable companies with EBITDA of at least $4 million and revenue between $15 and $100 million in the manufacturing, distribution, and business services sectors. The Firm considers both minority and majority positions as well as provides subordinated debt to support owner successions, management buyouts, recapitalizations, and growth financings. Valesco does not invest in start-ups, real estate, financial services, and turnarounds. Valesco Industries was established in 1993 and is headquartered in Dallas, Texas.


DEAL STATS #
Overall 11 of 17
Sector: Food M&A 1 of 1
Type: Growth Capital M&A Deals 5 of 6
State: Texas M&A 3 of 3
Country: United States M&A 11 of 17
Year: 2022 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-07 TopDown

North Hollywood, California, United States

TopDown is a designer, manufacturer, and supplier of automotive aftermarket products. TopDown was founded in 1979 and is based in North Hollywood, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-10 HoodMart

Elyria, Ohio, United States

HoodMart specializes in the design, manufacture and sale of ventilation systems (exhaust hoods) for the large and growing commercial cooking industry. HoodMart is based in Elyria, Ohio.

Buy -
Investor
DESCRIPTION

Brookside Capital Partners is an investment management firm focused on stable lower-middle market companies in the US. The Firm typically commits $5 to $30 million per transaction to support buyouts, leveraged recapitalizations, strategic acquisitions and growth. Potential businesses generally have revenue greater than $15 million, and EBITDA of at least $4 million. Industries of interest include business services, consumer, distribution, healthcare, manufacturing, and transportation and logistics. Brookside Capital Partners was established in 2001 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 56 of 68
Sector: Food M&A 2 of 2
Type: Growth Capital M&A Deals 12 of 16
State: Texas M&A 5 of 5
Country: United States M&A 56 of 68
Year: 2022 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-07 TopDown

North Hollywood, California, United States

TopDown is a designer, manufacturer, and supplier of automotive aftermarket products. TopDown was founded in 1979 and is based in North Hollywood, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-30 Elevation Labs

Idaho Falls, Idaho, United States

Elevation Labs is a formulator and manufacturer of innovative skincare and color cosmetic products for prestige beauty brands. The company manufactures personal care products, specializing in the formulation of natural and organic solutions. Elevation Labs was founded in 1995 and is based in Idaho Falls, Idaho.

Sell -