M&A Deal Summary

Petmate Acquires Aspen Pet Products

On September 19, 2006, Petmate acquired consumer products company Aspen Pet Products from Westshore Capital Partners, Florida Capital Partners and KLH Capital

Acquisition Highlights
  • This is Petmate’s 1st transaction in the Consumer Products sector.
  • This is Petmate’s 1st transaction in the United States.
  • This is Petmate’s 1st transaction in Colorado.

M&A Deal Summary

Date 2006-09-19
Target Aspen Pet Products
Sector Consumer Products
Buyer(s) Petmate
Sellers(s) Westshore Capital Partners
Florida Capital Partners
KLH Capital
Deal Type Add-on Acquisition

Target

Aspen Pet Products

Denver, Colorado, United States
Aspen Pet Products, Inc. is a manufacturer and importer of pet products and supplies, including collars, leashes, dog chews, and toys.

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Buyer(S) 1

Buyer

Petmate

Arlington, Texas, United States

Category Company
Founded 1959
Sector Consumer Products
Employees902
DESCRIPTION

Petmate is a supplier of a wide variety of non-food pet products to retailers. The Company’s diverse product line includes crates and carriers, outdoor shelters, feeding and watering, and a wide selection of innovative toys. Petmate reaches customers through a multi-channel approach which includes big box pet retailers, mass merchandisers, major e-commerce retailers, farm and ag stores, and specialty pet stores. Petmate was founded in 1959 and is based in Arlington, Texas.


DEAL STATS #
Overall 1 of 7
Sector: Consumer Products M&A 1 of 7
Type: Add-on Acquisition M&A Deals 1 of 7
State: Colorado M&A 1 of 1
Country: United States M&A 1 of 7
Year: 2006 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-17 Canine Hardware

Kent, Washington, United States

Canine Hardware, Inc. (Chuckit!) is a provider of play toys for canines.

Buy -

Seller(S) 3

SELLER

Westshore Capital Partners

Tampa, Florida, United States

Investor Investor


Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

Westshore Capital Partners is a private equity firm that targets investments in basic industry companies. Westshore looks to invest in companies with $8 to $100 million in revenue. Target sectors include industrial, consumer, food, medical, plastics, business-to-business, publishing, consumables, education, automotive aftermarket, hobby/craft, and maintenance/repair services. Prospective investment situations include recapitalizations, family succession recapitalizations, management buyouts, management buy-ins, and industry consolidations. Westshore Capital was formed in 2006 and is based in Tampa, Florida.


DEAL STATS #
Overall 3 of 6
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 3
State: Colorado M&A 1 of 2
Country: United States M&A 3 of 5
Year: 2006 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-11 Red Hawk Fire & Security

Boca Raton, Florida, United States

Red Hawk Fire & Security LLC is a provider of fire safety and integrated security installation, maintenance and monitoring services. Red Hawk Fire & Security was founded in 1999 and is based in Boca Raton, Florida.

Sell $142M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-19 American Paper Optics

Bartlett, Tennessee, United States

American Paper Optics LLC is a designer, manufacturer and marketer of paper framed 3-D glasses and other paper based specialty optical viewing products used for advertising, promotions and/or entertainment purposes. The company has manufactured and sold more than 1 billion glasses and viewing devices worldwide.

Buy -
SELLER

Florida Capital Partners

Tampa, Florida, United States

Category Private Equity Firm
Founded 1988
PE ASSETS 350M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Florida Capital Partners (FCP) is a private equity firm focused on acquisitions or recapitalizations of profitable private companies located in the continental US. FCP targets businesses with Enterprise value between $20 to $100 million with an EBITDA of $5 to $20 million. FCP prefers companies operating in traditional industries such as niche manufacturering, specialty services, and value-added distribution. FCP avoids investing in commodity products, start-ups, restaurants/hospitality, amusement parks, technology, biotech, retail, and real estate. FCP was formed in 1988 and is based in Tampa, Florida.


DEAL STATS #
Overall 12 of 21
Sector: Consumer Products M&A 3 of 6
Type: Add-on Acquisition M&A Deals 5 of 7
State: Colorado M&A 1 of 2
Country: United States M&A 12 of 21
Year: 2006 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-11 Red Hawk Fire & Security

Boca Raton, Florida, United States

Red Hawk Fire & Security LLC is a provider of fire safety and integrated security installation, maintenance and monitoring services. Red Hawk Fire & Security was founded in 1999 and is based in Boca Raton, Florida.

Sell $142M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-01 Spectrum

Selmer, Tennessee, United States

Spectrum Corp. is an independent compunder, blender, packager, and marketer of specialty lubricants. Products include 2-cycle and small engine 4-cycle oils, bar and chain oil, and hydraulic fluid, which are commonly used in power lawn and garden equipment.

Sell -
SELLER

KLH Capital

Tampa, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

KLH Capital is a private investment firm focused on smaller company investments in a variety of growing industry sectors. KLH helps provide management teams with capital to facilitate recapitalizations, management buy-outs/buy-ins, family successions, and other ownership transitions. KLH generally pursues companies with $4 to $20 million in pre-tax earnings and will consider opportunities across the US. KLH will not invest in start-ups, high technology, software, biotech, restaurants, retail, real estate development, oil and gas operations, or new construction businesses. KLH Capital is based in Tampa, Florida.


DEAL STATS #
Overall 12 of 30
Sector: Consumer Products M&A 2 of 5
Type: Add-on Acquisition M&A Deals 5 of 11
State: Colorado M&A 1 of 2
Country: United States M&A 12 of 30
Year: 2006 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-12-26 The Main Resource

Sarasota, Florida, United States

The Main Resource, Inc. specializes in the wholesale distribution of small, low cost, and hard to locate parts for the automobile aftermarket. The company maintains an inventory of 2,300 SKUs in a 13,000 SF warehouse in Sarasota, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-01 Spectrum

Selmer, Tennessee, United States

Spectrum Corp. is an independent compunder, blender, packager, and marketer of specialty lubricants. Products include 2-cycle and small engine 4-cycle oils, bar and chain oil, and hydraulic fluid, which are commonly used in power lawn and garden equipment.

Sell -