M&A Deal Summary

Peninsula Capital Partners Acquires Wisconsin s Best

On November 1, 2022, mezzanine finance firm Peninsula Capital Partners acquired food company Wisconsin s Best

Acquisition Highlights
  • This is Peninsula Capital Partners’ 5th transaction in the Food sector.
  • This is Peninsula Capital Partners’ 119th transaction in the United States.
  • This is Peninsula Capital Partners’ 5th transaction in Wisconsin.

M&A Deal Summary
Date 2022-11-01
Target Wisconsin s Best
Sector Food
Buyer(s) Peninsula Capital Partners
Deal Type Recapitalization

Target

Wisconsin s Best

Oregon, Wisconsin, United States
Wisconsin’s Best is a processor and distributor of branded cheese and meat snack products that are sold nationally in convenience stores and truck stops, and direct-to-consumer via eCommerce channels. The products are sold under the “Wisconsin’s Best” and “Wisconsin Cheese Company” brands. Wisconsin’s Best is based in Oregon, Wisconsin.

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Buyer(S) 1

Buyer

Peninsula Capital Partners

Southfield, Michigan, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1995
PE ASSETS 1.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Peninsula Capital Partners is an investment group focused on providing a range of financing solutions to middle-market companies. The Firm is willing to be a minority or control investor and invests across the capital structure. This includes subordinated debt, preferred or common stock. For mezzanine commitments, Peninsula looks to invest $5 to $40 million. For equity transactions, Peninsula looks to invest $2 to $20 million. Peninsula is a generalist investor. Target sectors include manufacturing, industrial service, distribution, consumer products, professional services, retail, applied technology, transportation, food processing and packaging. Peninsula Capital Partners was formed in 1995 and is based in Detroit, Michigan.

DEAL STATS #
Overall 125 of 128
Sector (Food) 5 of 5
Type (Recapitalization) 31 of 31
State (Wisconsin) 5 of 5
Country (United States) 119 of 121
Year (2022) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-01 Skytech

Fort Wayne, Indiana, United States

Skytech designs and sells a complete suite (totaling over 700 SKUs) of electronic controls, gas valve systems and accessories for the hearth industry. The Company provides products to over 300 customers including both fireplace OEMs as well as distributors for the dealer market. Skytech is based in Fort Wayne, Indiana.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-05 US Auto Supply

Elgin, Illinois, United States

US Auto Supply is a B2B cataloger and direct marketer (i.e., outbound call center and e-commerce) company serving the automotive body and mechanical repair shop industries, and, to a lesser degree, the veterinary, construction and trucking industries. US Auto Supply was founded in 1946 and is based in Elgin, Illinois.

Sell -
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