M&A Deal Summary

Peak Rock Capital Acquires Diamond Crystal Brands

On April 26, 2016, private equity firm Peak Rock Capital acquired food company Diamond Crystal Brands from Hormel Foods

Acquisition Highlights
  • This is Peak Rock Capital’s 3rd transaction in the Food sector.
  • This is Peak Rock Capital’s 9th transaction in the United States.
  • This is Peak Rock Capital’s 1st transaction in Georgia.

M&A Deal Summary
Date 2016-04-26
Target Diamond Crystal Brands
Sector Food
Buyer(s) Peak Rock Capital
Sellers(s) Hormel Foods
Deal Type Divestiture

Target

Diamond Crystal Brands

Savannah, Georgia, United States
Diamond Crystal Brands is a manufacturer and distributor of customized foodservice solutions, including sauces,dressings, condiments, drink mixes, salt, pepper, sweeteners and other food and beverage products. DCB has a diverse customer base of blue chip foodservice distributors, national restaurant chains and convenience stores.

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Buyer(S) 1

Buyer

Peak Rock Capital

Austin, Texas, United States
Category Private Equity Firm
Founded 2012
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Peak Rock Capital is a generalist private equity firm that makes debt and equity investments in middle-market companies. The Firm targets businesses with $50 million to $1 billion in revenue and can commit up to $500 million per transaction. Sectors of interest include business services, consumer products, distribution, energy services, healthcare, industrials, manufacturing, media, and metals. Peak Rock will consider a variety of transaction situations - from leveraged buyouts and recapitalizations to special situations. Peak Rock is based in Austin, Texas.

DEAL STATS #
Overall 11 of 38
Sector (Food) 3 of 9
Type (Divestiture) 3 of 6
State (Georgia) 1 of 1
Country (United States) 9 of 33
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-01 Highline Produce

Leamington, Ontario, Canada

Highline Produce Ltd. is a producer and distributor of mushrooms. The Company operates four state-of-the-art production facilities and a distribution center, where it produces, packages, and distributes varieties of fresh white, mini bella, portobella, and exotic mushrooms for the retail and food service end markets.

Sell CA$145M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 Rather Outdoors

Springfield, Missouri, United States

Rather Outdoors is an outdoor consumer products company with a portfolio of brands, including Lew’s, Strike King, and Hunters Specialties. Rather Outdoors supplies branded fishing and hunting gear and accessories through the mass market, sporting goods, and specialty outdoor channels.

Buy -

Seller(S) 1

SELLER

Hormel Foods

Austin, Minnesota, United States
Category Company
Founded 1891
Sector Food
Employees20,000
Revenue 12.1B USD (2023)
DESCRIPTION
Entrance to Hormel Foods' corporate headquarters in Austin, Minnesota.
Entrance to Hormel Foods' corporate headquarters in Austin, Minnesota.

Hormel Foods is a multinational manufacturer and marketer of consumer-branded food and meat products. Hormel Foods was formed in 1891 and is based in Austin, Minnesota.

DEAL STATS #
Overall 2 of 4
Sector (Food) 1 of 2
Type (Divestiture) 2 of 4
State (Georgia) 1 of 1
Country (United States) 2 of 4
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-13 Applegate Farms

Bridgewater, New Jersey, United States

Applegate Farms LLC is a provider of high-quality natural and organic hot dogs, bacon, sausages, deli meats, cheese and frozen products.

Buy $775M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-18 Justin’s

Boulder, Colorado, United States

Justin’s is a producer of naturally delicious, high-quality nut butters, nut butter snacks and organic peanut butter cups that deliver great taste, unique texture and convenient nutrition. Justin’s was formed in 2004 and is based in Boulder, Colorado.

Buy $286M
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