M&A Deal Summary

Plexus Capital Acquires Frazil

On February 1, 2020, private equity firm Plexus Capital acquired beverage company Frazil

Acquisition Highlights
  • This is Plexus Capital’s 4th transaction in the Beverages sector.
  • This is Plexus Capital’s 86th transaction in the United States.
  • This is Plexus Capital’s 3rd transaction in Utah.

M&A Deal Summary
Date 2020-02-01
Target Frazil
Sector Beverages
Buyer(s) Plexus Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Frazil

Salt Lake City, Utah, United States
Freezing Point LLC is a manufacturer, marketer, and sells frozen beverage products dispensed by convenience stores located across the US. Freezing Point is based in Salt Lake City, Utah.

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Buyer(S) 1

Buyer

Plexus Capital

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1995
PE ASSETS 2.2B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Plexus Capital is a private equity firm that invests in buyouts, acquisitions, recapitalizations and growth financings in the form of junior and/or equity capital. Plexus focuses on lower middle-market businesses located in the Mid-Atlantic and Southeast areas of the US. The Firm looks for businesses companies in the business services, consumer services, manufacturing, value-added distribution, and healthcare sectors with up to $2 to $15 million of cash-flow. Plexus Capital was formed in 1995 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 86 of 97
Sector (Beverages) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 40 of 48
State (Utah) 3 of 3
Country (United States) 86 of 97
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-31 Practis

Charlotte, North Carolina, United States

Practis provides secure and comprehensive internet marketing solutions that enable medical groups, hospitals, and healthcare companies to exceed their patient engagement and acquisition goals. The company has developed a strong foundation by offering several proprietary software tools which enable it to serve a large client base at low costs. Practis was formed in 1998 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-03 Tube Bending

Apple Valley, California, United States

Tube Bending is a manufacturer and fabricator of tubing and tubing assemblies. Tube Bending’s vertically-integrated suite of capabilities includes tube bending, tube fabrication, machining, welding, brazing, assembly, design, inspection, and testing. Tube Bending is based in Apple Valley, California.

Buy -
Mergr

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