M&A Deal Summary

Orchard Holdings Group Acquires Messenger

On September 17, 2015, private equity firm Orchard Holdings Group acquired consumer products company Messenger from Prairie Capital

Acquisition Highlights
  • This is Orchard Holdings Group’s 1st transaction in the Consumer Products sector.
  • This is Orchard Holdings Group’s 5th transaction in the United States.
  • This is Orchard Holdings Group’s 1st transaction in Indiana.

M&A Deal Summary

Date 2015-09-17
Target Messenger
Sector Consumer Products
Buyer(s) Orchard Holdings Group
Sellers(s) Prairie Capital
Deal Type Secondary Buyout
Advisor(s) Katten Muchin Rosenman (Legal)

Target

Messenger

Auburn, Indiana, United States
Messenger LLC is a manufacturer and distributor of specialty stationery and related products to the death care industry. Messenger products are sold to over 8,000 funeral home directors who, in turn, retail these products to families for use at memorial services. Messenger was established in 1913 and is based in Auburn, Indiana.

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Buyer(S) 1

DESCRIPTION

Orchard Holdings Group is a private investment firm focused on investing in well-established, profitable companies with revenues of $20 to $300 million and EBITDA of $5 to $30 million. Transaction types of interest include buyouts, recapitalizations, consolidations, growth capital financings, and special situations. The Firm does not have any stated sector preferences, but prefers businesses with proven business models, established infrastructure, and ability to grow via acquisition or organically. Orchard Holdings Group was formed in 2005 and is based in Cincinnati, Ohio.


DEAL STATS #
Overall 5 of 5
Sector (Consumer Products) 1 of 1
Type (Secondary Buyout) 3 of 3
State (Indiana) 1 of 1
Country (United States) 5 of 5
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-15 Bock & Clark

Akron, Ohio, United States

Bock & Clark Corp. is a provider of commercial real estate due diligence services. With offices in Ohio, Pennsylvania, Florida, Oklahoma, California, Colorado, and Rhode Island, Bock & Clark serves clients in all 50 states and Canada in the following capacities: ALTA land and title surveys, boundary surveys, topographic surveys, aerial survey zoning reports and letters, and environmental services. Bock & Clark employs experienced professionals to research and prepares each of these products resulting in due diligence efficiency.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-17 Bock & Clark

Akron, Ohio, United States

Bock & Clark Corp. is a provider of commercial real estate due diligence services. With offices in Ohio, Pennsylvania, Florida, Oklahoma, California, Colorado, and Rhode Island, Bock & Clark serves clients in all 50 states and Canada in the following capacities: ALTA land and title surveys, boundary surveys, topographic surveys, aerial survey zoning reports and letters, and environmental services. Bock & Clark employs experienced professionals to research and prepares each of these products resulting in due diligence efficiency.

Sell -

Seller(S) 1

SELLER

Prairie Capital

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 525M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prairie Capital is a private investment firm that provides equity and/or mezzanine capital to support buyouts and recapitalization of lower middle-market companies generating sales of $20 - $100 million with an EBITDA of $4 - $12 million. Areas of interest include niche manufacturers, business services, consumer products, marketing services, specialty chemical, and food businesses. The firm invests in the range of $25 - $45 million per transaction. Prairie Capital was formed in 1997 and is based in Chicago, Illinois.


DEAL STATS #
Overall 34 of 55
Sector (Consumer Products) 9 of 12
Type (Secondary Buyout) 17 of 26
State (Indiana) 1 of 1
Country (United States) 33 of 54
Year (2015) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-21 SESI

Yardley, Pennsylvania, United States

SESI is a provider of non-public, for-profit educational services for children with learning and behavioral difficulties in the K-12 market.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-01 National Enzyme

Forsyth, Missouri, United States

National Enzyme Co. is a contract manufacturer of vitamins and supplements and offers its customers end-to-end product management, including ingredients, formulation development, creative packaging, and label design, production and packaging, and laboratory testing. National Enzyme was established in 1932 and is based in Forsyth, Missouri.

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