Investment Summary

Palm Beach Capital and NMP Capital Invest In Growve

On May 18, 2021, private equity firm Palm Beach Capital and mezzanine finance firm NMP Capital invested in consumer products company Growve

Investment Highlights
  • This is Palm Beach Capital’s 2nd and NMP Capital’s 14th transaction in the Consumer Products sector.
  • This is Palm Beach Capital’s 37th and NMP Capital’s 80th transaction in the United States.
  • This is Palm Beach Capital’s 28th and NMP Capital’s 5th transaction in Florida.

Investment Summary

Date 2021-05-18
Target Growve
Sector Consumer Products
Investor(s) Palm Beach Capital
NMP Capital
Deal Type Growth Capital

Target

Growve

Petersburg, Florida, United States
Growve is specializing in acquiring and operating natural brands in the supplement, body care, food, household and pet categories. Growve was founded in 2006 and is based in Petersburg, Florida.

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Investor(S) 2

Investor

Palm Beach Capital

West Palm Beach, Florida, United States

Investor


Category Private Equity Firm
Founded 2001
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Palm Beach Capital (PBC) is a generalist private equity firm that specializes in making investments in smaller private companies with at least $5 million in EBITDA. PBC prefers low technology business with high revenue growth rates. Target companies are typically valued between $20 to $300 million. PBC looks to commit $5 to $50 million per investment. Palm Beach Capital was formed in 2001 and is headquartered in Palm Beach, Florida.


DEAL STATS #
Overall 37 of 43
Sector: Consumer Products M&A 2 of 2
Type: Growth Capital M&A Deals 15 of 19
State: Florida M&A 28 of 31
Country: United States M&A 37 of 43
Year: 2021 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-25 UES

Orlando, Florida, United States

UES is a provider of geotechnical engineering, construction materials testing, building code compliance, threshold inspections and environmental consulting. UES was founded in 1964 and is based in Orlando, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-25 Westwood Professional Services

Minneapolis, Minnesota, United States

Westwood Professional Services is a multi-disciplined survey and engineering firm providing services to support commercial and residential development, wind and solar energy, power delivery, and oil and gas projects nationwide. Westwood Professional Services was founded in 1972 and is based in Minneapolis, Minnesota.

Buy -
Investor

NMP Capital

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NMP Capital is an independent investment firm focused on providing junior capital to a variety of lower middle-market companies in partnership with financial sponsors. NMP looks to commit $20 to $75 million in profitable companies with at least $10 million of EBITDA. NMP will consider opportunities in a wide range of industries including distribution, manufacturing, healthcare, and consumer. NMP Capital was formed in 2000 and is based in Minneapolis, Minnesota.


DEAL STATS #
Overall 83 of 89
Sector: Consumer Products M&A 14 of 15
Type: Growth Capital M&A Deals 12 of 12
State: Florida M&A 5 of 5
Country: United States M&A 80 of 86
Year: 2021 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-01 recteq

Evans, Georgia, United States

recteq is a designer, marketer, and direct seller of premium pellet grills, accessories, and other consumable products. recteq’s continued technology-driven product innovation, direct-to-consumer distribution model, and top-notch customer service position recteq as a premium brand in the pellet grill space. recteq was founded in 2009 and is based in Evans, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 Zavation

Flowood, Mississippi, United States

Zavation is a designer and manufacturer of spinal implants, instruments, and biologics. Zavation designs, engineers, and manufactures a portfolio of spinal hardware covering key areas including thoracolumbar, cervical, interbody fusion, and minimally invasive surgery. Zavation was founded in 2012 and is based in Flowood, Mississippi.

Buy -