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  6. Nutrabolt Acquires Scivation

M&A Deal Summary

Nutrabolt Acquires Scivation

On April 3, 2017, Nutrabolt acquired consumer products company Scivation from Plexus Capital

Acquisition Highlights
  • This is Nutrabolt’s 1st transaction in the Consumer Products sector.
  • This is Nutrabolt’s 1st transaction in the United States.
  • This is Nutrabolt’s 1st transaction in North Carolina.

M&A Deal Summary
Date 2017-04-03
Target Scivation
Sector Consumer Products
Buyer(s) Nutrabolt
Sellers(s) Plexus Capital
Deal Type Add-on Acquisition

Target

Scivation

Burlington, North Carolina, United States
Scivation, Inc. is a nutrition and dietary supplement company that develops, markets, and distributes highly formulated, premium products primarily under the "Xtend" brand. Scivation was founded by Mike McCandless in 2004 in Burlington, North Carolina with a goal to redefine the nutritional industry by creating real breakthroughs in high-quality nutritional products that are within the reach of millions. Scivation formulates, sells and markets nutritional supplements built on the foundation of Science and Innovation. Often credited with inventing the intra-workout category with its flagship XTEND product line, Scivation offers consumers a great tasting BCAA product with a formulation rooted in two University-based research studies.

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Buyer(S) 1

Buyer

Nutrabolt

Austin, Texas, United States
Category Company
Founded 2002
Sector Consumer Products
DESCRIPTION

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.

DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2017 M&A 1 of 1

Seller(S) 1

SELLER

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 2.2B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 20 of 44
Sector: Consumer Products M&A 1 of 2
Type: Add-on Acquisition M&A Deals 12 of 23
State: North Carolina M&A 2 of 8
Country: United States M&A 20 of 44
Year: 2017 M&A 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-14 Hayes Software Systems

Austin, Texas, United States

Hayes Software Systems is a provider of SaaS software and service solutions designed to educate school districts on how to best manage their inventories. Hayes Software Systems was founded in 1990 and is based in Austin, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-27 Premiere Precision Components

Holiday, Florida, United States

Premiere Precision Components is a provider of high-volume, custom manufactured molded plastic, rubber, and metal components such as seals, O-rings, gaskets, boots, assemblies, and bonded parts to a variety of end markets, including the communications, HVAC, pool & spa, and lawncare industries. Premiere Precision Components was founded in 1998 and is based in Holiday, Florida.

Buy -
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