M&A Deal Summary |
|
|---|---|
| Date | 2018-12-03 |
| Target | Frozen Specialties |
| Sector | Food |
| Buyer(s) | Overhill Farms |
| Sellers(s) |
Swander Pace Capital
Stonehenge Partners Triangle Capital |
| Deal Type | Add-on Acquisition |
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| Category | Company |
|---|---|
| Founded | 1968 |
| Sector | Food |
| Employees | 707 |
Overhill Farms, Inc. is a developer, producer and supplier of custom prepared frozen foods, including those distributed under the Boston Market® brand. Overhill Farms products range from pastas to steak tenderloin.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Food) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (Ohio) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2018) | 1 of 1 |
| Category | Private Equity Firm |
|---|---|
| Founded | 1996 |
| PE ASSETS | 1.8B USD |
| Size | Large |
| Type | Sector Focused |
Swander Pace Capital (SPC) is a private equity firm focused on investing in North American middle-market consumer products companies. SPC looks for companies exhibiting strong growth potential and sales of up to $500 million. Specific areas of interest include food/beverage, household products, health living, packaging, personal care, pet products, sporting goods, specialty apparel, and specialty distribution. Prospective investment situations include management-led buyouts, consolidations, divestitures, turnarounds, recapitalizations, and growth capital financings. SPC was formed in 1996 and has offices in San Francisco, California; Bedminster, New Jersey; and Ontario, Canada.
| DEAL STATS | # |
|---|---|
| Overall | 34 of 42 |
| Sector (Food) | 17 of 22 |
| Type (Add-on Acquisition) | 21 of 25 |
| State (Ohio) | 2 of 3 |
| Country (United States) | 29 of 35 |
| Year (2018) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-29 |
Functional Formularies
Wilmington, Ohio, United States Functional Formularies is a producer of organic, whole food, shelf-stable feeding tube formulas. The Company offers unique, organic, and whole food alternatives to traditional feeding tube formulas. Liquid Hope and Nourish are nutritionally complete, plant-based, and USDA-certified organic. Functional Formularies was founded in 2006 and is based in Wilmington, Ohio. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-06-25 |
Bragg Live Food Products
Santa Barbara, California, United States Bragg Live Food Products is a provider of health-focused food and dietary products including condiments, seasonings, dressings, and ready-to-drink beverages. Bragg Live Food Products was founded in 1912 and is based in Santa Barbara, California. |
Buy | - |
| Category | Mezzanine Finance Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 1.0B USD |
| Size | Large |
| Type | Sector Agnostic |
Stonehenge Partners is a private equity firm that seeks equity and mezzanine investments in lower middle-market companies with at least $10 million in sales. Stonehenge looks to invest ranging from $10 million to $50 million of equity/junior capital to support management buyouts, leveraged acquisitions, recapitalizations, and growth capital financings. Stonehenge prefers businesses operating in manufacturing, distribution, business services and healthcare. Stonehenge avoids investing in real estate, oil and gas, high technology and 'industries that are susceptible to a high degree of cyclicality'. Stonehenge was formed in 1999 and is based in Columbus, Ohio.
| DEAL STATS | # |
|---|---|
| Overall | 35 of 38 |
| Sector (Food) | 2 of 2 |
| Type (Add-on Acquisition) | 14 of 17 |
| State (Ohio) | 7 of 8 |
| Country (United States) | 34 of 37 |
| Year (2018) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-11-01 |
Algiere Companies
Plano, Texas, United States Algiere Companies is a contractor that specializes in renovation and conversion services for the hospitality industry, offering full turnkey design/build solutions from general construction and interior design to purchasing and installation services. Algiere Companies was founded in 1978 and is based in Plano, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-01-01 |
PPM
Newberg, Oregon, United States PPM designs, engineers, and manufactures food processing equipment for a global base of more than 400 packaged food-producing companies around the world. PPM was founded in 1892 and is based in Newberg, Oregon. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2007 |
| Size | Middle-Market |
| Type | Sector Agnostic |
| DEAL STATS | # |
|---|---|
| Overall | 61 of 72 |
| Sector (Food) | 4 of 5 |
| Type (Add-on Acquisition) | 30 of 34 |
| State (Ohio) | 4 of 5 |
| Country (United States) | 60 of 71 |
| Year (2018) | 11 of 12 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-12-01 |
Fatz Cafe
Taylors, South Carolina, United States Cafe Enterprises operates 43 company-owned full-service casual dining restaurants in North Carolina, South Carolina, Tennessee, Georgia and Virginia. Fatz Cafe is renowned for creating exceptional value for its guests with great food, friendly and efficient service, and a welcoming atmosphere, “Where Everyone’s a Regular”. Cafe Enterprises was founded in 1988 and is based in Taylors, South Carolina. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-12-20 |
Orchid
Vero Beach, Florida, United States Orchid is a managing general underwriter providing specialty property and casualty insurance products to homeowners, high net worth individuals and small businesses, primarily in coastal regions throughout the U.S. and the Caribbean. Orchid provides proprietary insurance solutions for hard-to-place risks to a growing, national network of retail agents and other strategic distribution partners. Orchid was founded in 1998 and is based in Vero Beach, Florida. |
Sell | - |
