M&A Deal Summary

Paine Schwartz Partners Acquires FoodChain ID

On September 26, 2016, private equity firm Paine Schwartz Partners acquired test/measurement equipment company FoodChain ID from Inverness Graham Investments and Avante Capital Partners

Acquisition Highlights
  • This is Paine Schwartz Partners’ 1st transaction in the Test/Measurement Equipment sector.
  • This is Paine Schwartz Partners’ 16th transaction in the United States.
  • This is Paine Schwartz Partners’ 1st transaction in Iowa.
Investment Fate
  • FoodChain ID was recapitalized in 2020.

M&A Deal Summary

Date 2016-09-26
Target FoodChain ID
Sector Test/Measurement Equipment
Buyer(s) Paine Schwartz Partners
Sellers(s) Inverness Graham Investments
Avante Capital Partners
Deal Type Secondary Buyout

Target

FoodChain ID

Fairfield, Iowa, United States
FoodChain ID is a provider of analytic testing, third-party certification, and consulting services to the agriculture and food industries. The company’s products are used for the testing of food and agricultural products to detect genetically modified organisms (GMOs) and to ensure compliance with national and international government regulations, client and trading partner demands, and consumer information needs. FoodChain ID was founded in 1996 and is based in Fairfield, Iowa.

Search 214,238 Deals Now

SEARCH BY

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

Try Free

Buyer(S) 1

Buyer

Paine Schwartz Partners

San Mateo, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 6.5B USD
Size Mega
Type Sector Focused
DESCRIPTION

Paine Schwartz Partners is a private equity firm specializing in sustainable food chain investing. The Firm targets control investments in the food and agriculture sectors and will consider opportunities globally. Paine Schwartz Partners was formerly known as Paine & Partners - and before that was part of Fox Paine & Co. Paine Schwartz Partners has offices in San Mateo, California and New York City.


DEAL STATS #
Overall 28 of 46
Sector: Test/Measurement Equipment M&A 1 of 1
Type: Secondary Buyout M&A Deals 5 of 8
State: Iowa M&A 1 of 1
Country: United States M&A 16 of 29
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-12 Meadow Foods

Chester, United Kingdom

Meadow Foods is a dairy group and supplier of milk based dairy ingredients to the food industry. Meadow Foods was founded in 1992 and is based in Chester, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-31 Eurodrip S.A.

Boeotia, Greece

Eurodrip S.A. is a manufacturer and supplier of integrated drip irrigation solutions for agricultural and landscaping applications. Its products include integrated drip line solutions, flat and round drippers, blank tubes and other irrigation products. Eurodrip was founded in 1979 and is based in Boeotia, Greece.

Sell -

Seller(S) 2

SELLER

Inverness Graham Investments

Newtown Square, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2003
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Inverness Graham Investments is the private equity arm of The Graham Group. The Firm looks to make controlling investments in lower mid-market companies throughout the US. Inverness targets capital-efficient businesses with strong/sustainable cash flow, differentiated products, and operating in growing markets. The Firm seeks to commit $20 to $80 million in companies valued up to $75 million. Sectors of interest include aerospace/defense, biotech/pharmaceuticals, building materials, business services, consumer services, packaging, industrial equipment/components, electronic equipment, food/beverages, medical devices/supplies, energy & power products/services, specialty chemicals, and technology hardware. Prospective transaction situations include buyouts, growth capital financings, recapitalizations, consolidations, and divestitures. Inverness Graham Investments was formed in 2003 and is based in Philadelphia. The Firm has an additional office in Los Angeles.


DEAL STATS #
Overall 11 of 19
Sector: Test/Measurement Equipment M&A 1 of 1
Type: Secondary Buyout M&A Deals 5 of 9
State: Iowa M&A 1 of 1
Country: United States M&A 11 of 19
Year: 2016 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-02 Danville Materials

San Ramon, California, United States

Danville Materials, Inc. designs, formulates and manufactures a range of intra-oral air abrasion and micro-etching equipment as well as consumable dental materials used by dentists globally.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-13 Mesker Door

Huntsville, Alabama, United States

Mesker Door, Inc. is a manufacturer of proprietary metal security doors and frames including specialty doors, plus stock inventory. Mesker Door was founded in 1864 and is based in Huntsville, Alabama.

Sell -
SELLER

Avante Capital Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

Avante Mezzanine Partners is a provider of junior capital to lower middle-market companies generating at least $3 million in cash flow. The Firm looks to invest $5 to $20 million per transaction and generally works with private equity and independent sponsors in buyout transactions, as well as with entrepreneurs and owners to finance recapitalizations, refinancings, acquisitions and growth. Avante Mezzanine was formed in 2009 and has offices in Los Angeles and Boston.


DEAL STATS #
Overall 8 of 22
Sector: Test/Measurement Equipment M&A 1 of 1
Type: Secondary Buyout M&A Deals 4 of 11
State: Iowa M&A 1 of 1
Country: United States M&A 8 of 22
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-13 K12 Coalition

Eagan, Minnesota, United States

K12 Coalition provides online professional development, continuing education, and master’s degree programs for K-12 teachers. K12 Coalition was established with the mission to help teachers advance their classroom skills and careers, while also improving student learning. K12 Coalition was founded in 2002 and is based in Eagan, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-31 Cornerstone Foodservice Group

Naperville, Illinois, United States

Cornerstone Foodservice Group is a designer and provider of foodservice equipment for the hospitality sector. The product includes buffet systems, induction cooking systems, mobile cooking stations, tableware, and cookware. Cornerstone Foodservice Group is based in Naperville, Illinois.

Buy -