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M&A Deal Summary

Pineridge Bakery Acquires Benevito Foods

On December 6, 2012, Pineridge Bakery acquired food company Benevito Foods from NorthSpring Capital Partners

Acquisition Highlights
  • This is Pineridge Bakery’s 1st transaction in the Food sector.
  • This is Pineridge Bakery’s 1st transaction in Canada.
  • This is Pineridge Bakery’s 1st transaction in Ontario.

M&A Deal Summary
Date 2012-12-06
Target Benevito Foods
Sector Food
Buyer(s) Pineridge Bakery
Sellers(s) NorthSpring Capital Partners
Deal Type Merger

Target

Benevito Foods

Toronto, Ontario, Canada
Benevito Foods is a manufacturer of branded and private label meal solutions and baked goods, serving customers in the United States & Canada from two modern manufacturing facilities in the Toronto area. Benevito Foods was founded in 2009 and is based in Toronto, Ontario.

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Buyer(S) 1

Buyer

Pineridge Bakery

Brampton, Ontario, Canada
Category Company
Founded 2007
Sector Food
DESCRIPTION

Pineridge Bakery, Inc. is a niche bakery, manufacturing and marketing frozen and fresh specialty baked goods produced by three subsidiaries, Oakrun Farm Bakery, Gourmet Baker, and Benevito Foods.

DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2012 M&A 1 of 1

Seller(S) 1

SELLER

NorthSpring Capital Partners

Cambridge, Ontario, Canada

Investor Investor Investor Investor

Category Growth Capital Firm
Founded 2009
Size Small
Type Sector Agnostic
DESCRIPTION

NorthSpring Capital Partners is a provider of subordinated debt and equity capital to small businesses. The Firm takes minority positions and looks to invest $250k to $1 million to support management buyouts, acquisitions, growth needs, and in select special situations. NorthSpring generally targets 'local' business within a short drive of its office and will consider investing in a variety of industries including manufacturing, distribution and wholesale, business services, and technology. NorthSpring was formed in 2009 and is based in Cambridge, Ontario.

DEAL STATS #
Overall 1 of 5
Sector: Food M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Ontario M&A 1 of 5
Country: Canada M&A 1 of 5
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-11-17 Pegasus Direct Mail Worx

Hamilton, Ontario, Canada

Pegasus Direct Mail Worx, Inc. (dba Directworx) is a provider of direct mail and other marketing services. Directworx provides clients with creative ideas, full design capabilities, and project management. Capabilities include data processing, variable imaging, offset printing, inkjet addressing, bindery, inserting, automated polybagging and more.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-19 PresGlas

Cambridge, Ontario, Canada

PresGlas is a supplier of compression molded noise control and thermal insulation components. PresGlas is based in Cambridge, Ontario.

Sell -
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