M&A Deal Summary

Peak Rock Capital Acquires Xenon Arc

On December 21, 2021, private equity firm Peak Rock Capital acquired information technology company Xenon Arc from Weston Presidio

Acquisition Highlights
  • This is Peak Rock Capital’s 1st transaction in the Information Technology sector.
  • This is Peak Rock Capital’s 23rd transaction in the United States.
  • This is Peak Rock Capital’s 1st transaction in Washington.

M&A Deal Summary

Date 2021-12-21
Target Xenon Arc
Sector Information Technology
Buyer(s) Peak Rock Capital
Sellers(s) Weston Presidio
Deal Type Secondary Buyout

Target

Xenon Arc

Bellevue, Washington, United States
Xenon Arc is a technology-enabled services provider of technical sales, support, technology, and distribution solutions to clients and their SMB customers across the food & beverage, industrial, and chemical industries. Xenon Arc was founded in 2010 and is headquartered in Bellevue, Washington.

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Buyer(S) 1

Buyer

Peak Rock Capital

Austin, Texas, United States

Category Private Equity Firm
Founded 2012
PE ASSETS 7.0B USD
Size Mega
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 27 of 42
Sector: Information Technology M&A 1 of 3
Type: Secondary Buyout M&A Deals 6 of 7
State: Washington M&A 1 of 1
Country: United States M&A 23 of 37
Year: 2021 M&A 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-10 Pretzels

Bluffton, Indiana, United States

Pretzels bake great-tasting, premium snacks with unique recipes. Pretzel's breadth of products is constantly growing to help customers in grocery, mass, natural, and club channels create one-of-a-kind offerings. Pretzels is a co-manufacturer of pretzels for Dot's Pretzels and several other customers and is a leading innovator in the pretzel category. Pretzels was founded in 1978 and is based in Bluffton, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-11 Ziyad

Chicago, Illinois, United States

Ziyad is an omni-channel provider of branded Middle Eastern and Mediterranean food and beverage products. Ziyad now owns numerous brands and partners with dozens of world-class companies on an exclusive basis to deliver their brands to the North American market. Ziyad was founded in 1966 and is based in Chicago, Illinois.

Buy -

Seller(S) 1

SELLER

Weston Presidio

Boston, Massachusetts, United States

Category Private Equity Firm
Founded 1991
PE ASSETS 3.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Weston Presidio is a private investment firm focused on providing growth capital to later stage companies. The Firm looks to commit $10 to $50 million per investment to support growth initiatives, recapitalizations, and management-led buyouts. Sectors of interest include consumer products/services, business services, manufacturing and industrial, media/publishing, healthcare and technology. The Firm prefers to act as the lead investor, but will consider investing in select non-control minority positions. Weston Presidio was formed in 1991 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 52 of 52
Sector: Information Technology M&A 3 of 3
Type: Secondary Buyout M&A Deals 16 of 16
State: Washington M&A 2 of 2
Country: United States M&A 49 of 49
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-05 Silego Technology

Santa Clara, California, United States

Silego Technology, Inc. is a fabless semiconductor company focused on the design and manufacture of high performance mixed-signal and analog products for high volume applications in computation, communication and digital consumer markets. Silego's core technical competencies are signal distribution/ PLL (phase lock loop), and power management /PWM.

Sell $306M