M&A Deal Summary

PNC Riverarch Capital Acquires Chef Merito

On July 1, 2022, private equity firm PNC Riverarch Capital acquired consumer products company Chef Merito

Acquisition Highlights
  • This is PNC Riverarch Capital’s 4th transaction in the Consumer Products sector.
  • This is PNC Riverarch Capital’s 24th transaction in the United States.
  • This is PNC Riverarch Capital’s 2nd transaction in California.

M&A Deal Summary
Date 2022-07-01
Target Chef Merito
Sector Consumer Products
Buyer(s) PNC Riverarch Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Chef Merito

Van Nuys, California, United States
Chef Merito is a manufacturer and distributor of branded seasonings, spices, marinades and other flavor solutions to the Hispanic grocery and foodservice market. Chef Merito was founded in 1985 and is based in Van Nuys, California.

Search 201,292 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

PNC Riverarch Capital

Pittsburgh, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2011
PE ASSETS 250M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

PNC Riverarch Capital is a middle-market private equity group that invests in privately-held companies headquartered throughout North America. The Group looks to commit $10 to $50 million to help fund recapitalizations, leveraged and management buyouts, corporate divestitures and growth financings. Target sectors include business and industrial services, specialized manufacturing, and value-added distribution. PNC Riverarch was formed in 2011 and is an affiliate of PNC Financial Services Group.

DEAL STATS #
Overall 28 of 35
Sector (Consumer Products) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 9 of 9
State (California) 2 of 4
Country (United States) 24 of 30
Year (2022) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-08 Messenger

Auburn, Indiana, United States

Messenger is a comprehensive provider of memorialization products, tech-enabled financial services, and technology solutions to funeral homes nationwide. The Company built its best-in-class reputation and unrivaled customer network over 100+ years as a manufacturer and marketer of memorial stationery, urns, and specialty consumer products, including jewelry and other keepsakes. In recent years, Messenger leveraged its powerful distribution reach, brand equity, and industry relationships to broaden its product lines to include innovative technology and life insurance assignment solutions through the funeral home and cemetery specialty retail channel. Messenger was founded in 1913 and is based in Auburn, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-16 Tranzonic Companies

Knoxville, Tennessee, United States

Tranzonic Companies is a manufacturer and distributor of consumable personal care, cleaning, and MRO products sold to over 30,000 industrial, commercial, institutional, and medical customers. Primary products include wipers, adult incontinence, personal hygiene, and related products with generic and private label brands. The Tranzonic Companies was established in 1933 and is based in Knoxville, Tennessee.

Sell -
Mergr

Product

Company

Legal