M&A Deal Summary

New Heights Capital Acquires Fresh Meal Plan

On July 1, 2016, private equity firm New Heights Capital acquired food company Fresh Meal Plan

Acquisition Highlights
  • This is New Heights Capital’s 1st transaction in the Food sector.
  • This is New Heights Capital’s 3rd transaction in the United States.
  • This is New Heights Capital’s 2nd transaction in Florida.

M&A Deal Summary

Date 2016-07-01
Target Fresh Meal Plan
Sector Food
Buyer(s) New Heights Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Fresh Meal Plan

Boca Raton, Florida, United States
Fresh Meal Plan provides fresh organic food, with no preservatives or added sugar or salt and is tasty & healthy, calorie-controlled meals to customers. The company offers a variety of meal plans, including catered diets and mix and match options. Fresh Meal Plan is based in Boca Raton, Florida.

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Buyer(S) 1

Buyer

New Heights Capital

New York, New York, United States

Investor


Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

New Heights Capital is a private equity investment firm focused on buyouts and recapitalizations of profitable, lower middle-market companies located in the US and Canada. The Firm prefers businesses with non-cyclical revenues, defensible market positions, and growth potential, either organically or through acquisitions. Target companies generally have pre-tax profits of $1 to $10 million and at least $5 million of revenue. Sectors of interest include services, niche manufacturing, consumer products, healthcare, value-added distribution, and specialty retail/catalog/internet. New Heights Capital was formed in 2006 and is based in New York City.


DEAL STATS #
Overall 3 of 4
Sector: Food M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 2
State: Florida M&A 2 of 2
Country: United States M&A 3 of 4
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-17 Orangetheory Fitness

Boca Raton, Florida, United States

Orangetheory Fitness is a franchisor of high intensity training studios. Orangetheory is a heart-rate based total-body group workout that combines science, coaching and technology to produce maximum results from the inside out. Workouts are typically 1-hour long and are led by trained coaches, incorporating endurance, strength, and power to guide members through 5 different heart rate zones. The workout aims to increase excess post-exercise oxygen consumption (EPOC or the 'Orange Effect') whereby participants can continue to burn a higher rate of calories for 24 to 36 hours after their workout. Orangetheory Fitness is based in Boca Raton, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-08 ABC Fitness Solutions

Sherwood, Arizona, United States

ABC Fitness Solutions is a provider of software and related services for the health and fitness industry. ABC Fitness Solutions was founded in 1981 and is based in Sherwood, Arizona.

Buy -