M&A Deal Summary

Fairmont Capital and PNC Mezzanine Capital Acquire Stampede

On March 22, 2007, private equity firm Fairmont Capital and mezzanine finance firm PNC Mezzanine Capital acquired food company Stampede for 127M USD

Acquisition Highlights
  • This is Fairmont Capital’s 1st and PNC Mezzanine Capital’s 1st transaction in the Food sector.
  • This is Fairmont Capital’s and PNC Mezzanine Capital’s largest (disclosed) transaction.
  • This is Fairmont Capital’s 4th and PNC Mezzanine Capital’s 17th transaction in the United States.
  • This is Fairmont Capital’s 1st and PNC Mezzanine Capital’s 4th transaction in Illinois.
Investment Fate
  • Stampede was sold to a consortium of financial buyers in 2017.

M&A Deal Summary
Date 2007-03-22
Target Stampede
Sector Food
Buyer(s) Fairmont Capital
PNC Mezzanine Capital
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 127M USD

Target

Stampede

Bridgeview, Illinois, United States
Stampede is a provider of value-added beef products for a nationwide blue-chip customer base that includes leading national restaurant chains, quick service restaurants, foodservice distributors, home delivery networks and grocery retailers. Stampede customizes its protein products to specifications which include portion size, tenderizing, seasoning, marinating, breading, cooking, and packaging. Stampede was founded in 1995 and is based in Bridgeview, Illinois.

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Buyer(S) 2

Buyer

Fairmont Capital

Anaheim, California, United States

Investor Investor

Category Private Equity Firm
Founded 1986
Size Small
Type Sector Agnostic
DESCRIPTION

Fairmont Capital is a private equity firm that seeks investments in middle-market consumer related businesses. Fairmont targets companies with at least $10 million in annual revenue. Prospective transactions are typically valued between $5 and $300 million. Fairmont will consider investment situations that include leveraged acquisitions and management buyouts, going private restructurings, co-investments with other private equity firms, and recapitalizations. Industry sectors of interest include manufacturing, retail, restaurant chains, distribution, and service. Fairmont will not invest in high technology, financial services, real estate, and start-ups. Fairmont Capital is based in Brea, California.

DEAL STATS #
Overall 4 of 5
Sector (Food) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (Illinois) 1 of 1
Country (United States) 4 of 5
Year (2007) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-03 Shari’s Management

Beaverton, Oregon, United States

Shari’s Management Corp. is a 97-unit chain of family-style restaurants. Shari’s Management Corp. offers 24-hour sit-down dining and a broad selection of value-oriented breakfast, lunch and dinner.

Sell $80M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-30 Brain Balance Achievement Centers

San Francisco, California, United States

Brain Balance Achievement Centers is a franchisor and operator of supplemental learning centers focusing on children with learning disabilities such as ADD and ADHD. The individualized and customized programs utilize sensory-motor exercises, cognitive exercises and nutritional guidance to address the root cause of many neurobehavioral issues. Brain Balance Achievement Centers was founded in 2006 and is based in San Francisco, California.

Buy -
Buyer

PNC Mezzanine Capital

Pittsburgh, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

PNC Mezzanine Capital is the subordinated debt investing arm of PNC Bank. PNC Mezzanine looks to provide $10 to $50 million of junior capital to middle-market companies in a variety of industries. Prospective companies generally have revenues of $20 million and EBITDA greater than $4 million. Broad sectors of interest include niche manufacturing, value-added distribution, and business or consumer services. PNC will not invest in early-stage or technology-driven businesses; real estate, commodity-based or capital-intensive companies; businesses with high customer or vendor concentration; or declining businesses. PNC Mezzanine was formed in 1989 and is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 18 of 77
Sector (Food) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 9 of 38
State (Illinois) 4 of 7
Country (United States) 17 of 73
Year (2007) 2 of 5
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-01 Citadel Plastics Holdings

West Chicago, Illinois, United States

Citadel Plastics Holdings, Inc. is a composite plastics company that produces thermoset and thermoplastic compounds for specialty product applications in the automotive, electrical, construction, HVAC, and appliance markets.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-17 Seaboard International

Houston, Texas, United States

Seaboard International, Inc. is a wellhead solutions provider that manufactures proprietary, highly engineered wellhead and pressure control equipment. Seaboard also offers related critical field service, equipment repair and frac tree rental.

Buy -
Mergr

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