M&A Deal Summary

Northern Brewer Acquires Midwest Supplies

On October 14, 2016, Northern Brewer acquired retailer Midwest Supplies from Bosworth Capital Partners and Convergent Capital Partners

Acquisition Highlights
  • This is Northern Brewer’s 1st transaction in the Retail sector.
  • This is Northern Brewer’s 1st transaction in the United States.
  • This is Northern Brewer’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2016-10-14
Target Midwest Supplies
Sector Retail
Buyer(s) Northern Brewer
Sellers(s) Bosworth Capital Partners
Convergent Capital Partners
Deal Type Merger

Target

Midwest Supplies

Minneapolis, Minnesota, United States
Midwest Supplies, Inc. is a retailer of home brewing and wine equipment. Midwest Supplies was founded in 1995 and is based in Minneapolis, Minnesota.

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Buyer(S) 1

Buyer

Northern Brewer

Roseville, Minnesota, United States

Category Company
Founded 1993
Sector Retail
DESCRIPTION

Northern Brewer is a multi-channel marketer of home brewing supplies, winemaking supplies, beer kits, and equipment to craft brewing enthusiasts. The company sells it's products online and at 3 retail stores. Northern Brewer was founded in 1993 and is based in Roseville, Minnesota.


DEAL STATS #
Overall 1 of 1
Sector: Retail M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 2

SELLER

Bosworth Capital Partners

Western Springs, Illinois, United States

Category Private Equity Firm
Founded 2008
Size Small
Type Sector Agnostic
DESCRIPTION

Bosworth Capital Partners is a private investment vehicle formed to acquire and operate a mid-sized, privately-held service based or niche manufacturing business. The Firm is targeting a business with $5 to $50 million in sales and $1 to $5 million in EBITDA. Prospective companies should have sustainable growth opportunities and operate in large, fragmented markets. Bosworth was formed in 2008 and is based in Chicago, Illinois.


DEAL STATS #
Overall 1 of 5
Sector: Retail M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 5
Year: 2016 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Coastal Painting & Concrete Restoration

Fort Lauderdale, Florida, United States

Coastal Painting & Concrete Restoration offers a suite of advanced concrete repair and restoration methods tailored to restore structural integrity and safety in addition to painting, construction, property maintenance and disaster recovery. Coastal Painting & Concrete Restoration is based in Fort Lauderdale, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-13 Reusability

El Segundo, California, United States

Reusability is a provider of recoverable shipping racks to the nursery industry. The Company's pallet racks and recovery services allow nurseries to efficiently ship their products to retailers nationwide on a cost effective basis, while also increasing store efficiency for retailers via reduced labor and waste. Reusability was founded in 2000 and is based in El Segundo, California.

Sell -
SELLER
DESCRIPTION

Convergent Capital is a private investment firm that provides growth and debenture financing to late-stage growth companies. Convergent prefers to commit $3 to $12 million per transaction in businesses with at least $10 million in revenues. Convergent is a generalist investor and will consider businesses in a wide range of industries. Investment funds are typically used to assist growth, but the firm can also structure investments around buyouts, recapitalizations, consolidations, and add-on acquisitions. Convergent is licensed as a SBIC. Convergent Capital was formed in 1999 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 32 of 44
Sector: Retail M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Minnesota M&A 7 of 10
Country: United States M&A 32 of 44
Year: 2016 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-30 America s Powersports

Allen, Texas, United States

America's Powersports is an operator of an auto dealer network for the power sports equipment manufacturers (“OEMs”), including Harley-Davidson, Honda, Yamaha, Kawasaki, Suzuki, Polaris, and Bombardier. America's Powersports was founded in 1998 and is based in Allen, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-09 Rolloffs Hawaii

Honolulu, Hawaii, United States

Rolloffs Hawaii LLC is a provider of comprehensive waste services to Oahu, including commercial and industrial front loader routes, roll-off collection and disposal, residential side loader routes and recycling services. Rolloffs Hawaii is based in Honolulu, Hawaii.

Sell -