M&A Deal Summary

Ornua Co-operative Acquires Ornua Ingredients North America

On October 11, 2021, Ornua Co-operative acquired food company Ornua Ingredients North America from Mason Wells, Audax Private Debt and PPM America Capital Partners

Acquisition Highlights
  • This is Ornua Co-operative’s 6th transaction in the Food sector.
  • This is Ornua Co-operative’s 3rd transaction in the United States.
  • This is Ornua Co-operative’s 2nd transaction in Wisconsin.

M&A Deal Summary

Date 2021-10-11
Target Ornua Ingredients North America
Sector Food
Buyer(s) Ornua Co-operative
Sellers(s) Mason Wells
Audax Private Debt
PPM America Capital Partners
Deal Type Add-on Acquisition

Target

Ornua Ingredients North America

Whitehall, Wisconsin, United States
Ornua Ingredients North America is a manufacturer of custom analog and processed cheese ingredients and products for industrial, food service, and retail markets. Ornua Ingredients North America was founded in 1994 and is based in Whitehall, Wisconsin.

Search 201,157 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Ornua Co-operative

Dublin, Ireland

Category Company
Founded 1961
Sector Food
DESCRIPTION

Ornua Co-operative Ltd. is an agri-food commercial co-operative which markets and sells dairy products on behalf of its members, Ireland’s dairy processors and the Irish dairy farmer.


DEAL STATS #
Overall 6 of 6
Sector (Food) 6 of 6
Type (Add-on Acquisition) 4 of 4
State (Wisconsin) 2 of 2
Country (United States) 3 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-25 F J Need

Nantwich, United Kingdom

F J Need (Foods) Ltd. is a cheese ingredients company. F J Need supplies a comprehensive range of British and Irish cheese ingredients to the foodservice and food manufacturing sectors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-13 CoreFX Ingredients

Evanston, Illinois, United States

CoreFX Ingredients is a manufacturer of custom dairy and specialty lipid ingredients. CoreFX Ingredients is based in Evanston, Ilinois.

Sell -

Seller(S) 3

SELLER

Mason Wells

Milwaukee, Wisconsin, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 2.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Mason Wells is a private equity firm focused on middle-market buyout opportunities in the Midwest US. Mason Wells looks to invest in businesses operating in engineered products and services, outsourced business services, and specialty packaging. Target companies typically generate revenue of $25 to $300 million and EBITDA of at least $5 million. The Firm prefers businesses with high barriers to entry, limited customer concentration, and strong market positions. Mason Wells was originally formed 1982 as a subsidiary of Marshall & Ilsley Corporation and became an independent firm in 1998. Mason Wells is based in Milwaukee, Wisconsin.


DEAL STATS #
Overall 38 of 40
Sector (Food) 4 of 4
Type (Add-on Acquisition) 23 of 24
State (Wisconsin) 20 of 21
Country (United States) 36 of 38
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-24 Industrial Labels Holdings

Ingleside, Illinois, United States

Industrial Labels Holdings is the buy-and-build investment platform in the durable industrial labels industry. Industrial Labels Holdings is based in Ingleside, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-28 Onyx Brands

Little rock, Arkansas, United States

Onyx Brands is a designer, marketer, and manufacturer of branded health & beauty and personal care products serving the retail and e-commerce channels. Onyx Brands was founded in 1990 and is based in Little rock, Arkansas.

Buy -
SELLER

Audax Private Debt

New York, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 5.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Audax Mezzanine is the mezzanine finance arm of the Audax Group. The Firm focuses on investing in both private and public, US-based middle market companies with a strong history of cash flows and consistent revenue growth. Audax will consider subordinated mezzanine debt commitments, second lien or junior secured debt, preferred stock and common stock. The Firm seeks to invest in companies valued between $10 and $60 million. Types of transaction include MBOs, LBOs, growth capital financings, acquisition financings, and recapitalizations.


DEAL STATS #
Overall 49 of 51
Sector (Food) 4 of 4
Type (Add-on Acquisition) 18 of 19
State (Wisconsin) 2 of 2
Country (United States) 49 of 51
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-30 RailWorks

New York, New York, United States

RailWorks provides track construction, electrical systems construction, maintenance services, and products throughout the United States and Canada for major transit authorities, Class I and short-line railroads, and rail-served commercial and industrial companies. Trusted RailWorks brands include L.K. Comstock Inc., PNR RailWorks, NARSTCO, and HSQ Technology. RailWorks was formed in 1998 and is based in New York, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-19 Agape Care Group

Spartanburg, South Carolina, United States

Agape Care Group is a hospice, palliative, and pediatric comfort care provider expanding across the Southeast region. Agape Care Group was founded in 1997 and is based in Spartanburg, South Carolina.

Buy -
SELLER

PPM America Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 5.8B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

PPM America Capital Partners (PPMACP) is the private equity investment arm of PPM America, an indirect subsidiary of Prudential plc. PPMACP actively pursues private equity co-investments in management buyout, recapitalizations, industry build-up, and growth equity transactions. PPMACP generally looks to commit $15 to $50 million in businesses valued up to $1 billion. PPMACP is based in Chicago, Illinois.


DEAL STATS #
Overall 4 of 4
Sector (Food) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Wisconsin) 1 of 1
Country (United States) 4 of 4
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-26 Ornua Ingredients North America

Whitehall, Wisconsin, United States

Ornua Ingredients North America is a manufacturer of custom analog and processed cheese ingredients and products for industrial, food service, and retail markets. Ornua Ingredients North America was founded in 1994 and is based in Whitehall, Wisconsin.

Buy -