M&A Deal Summary

Post Holdings Acquires Golden Boy Foods

On February 3, 2014, Post Holdings acquired food company Golden Boy Foods from Parallel49 Equity for 320M CAD

Acquisition Highlights
  • This is Post Holdings’ 2nd transaction in the Food sector.
  • This is Post Holdings’ 6th largest (disclosed) transaction.
  • This is Post Holdings’ 1st transaction in Canada.
  • This is Post Holdings’ 1st transaction in British Columbia.

M&A Deal Summary

Date 2014-02-03
Target Golden Boy Foods
Sector Food
Buyer(s) Post Holdings
Sellers(s) Parallel49 Equity
Deal Type Add-on Acquisition
Deal Value 320M CAD
Advisor(s) Lazard Middle Market (Financial)

Target

Golden Boy Foods

Burnaby, British Columbia, Canada
Golden Boy Foods Ltd. is a manufacturer, marketer and distributor of more than 400 private label and branded food products, including peanut butter, baking nuts, snacking nuts, trail mixes, raisins, dried fruits and jams.

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Buyer(S) 1

Buyer

Post Holdings

St. Louis, Missouri, United States

Category Company
Founded 1895
Sector Food
Employees10,420
Revenue 7.0B USD (2023)
DESCRIPTION
Post Holdings' corporate headquarters in St. Louis, Missouri.
Post Holdings' corporate headquarters in St. Louis, Missouri.

Post Holdings is a consumer packaged goods holding company, operating in the center-of-the-store, foodservice, ingredient, refrigerated, active nutrition and private label food categories. Post Holdings was founded in 1895 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 4 of 16
Sector (Food) 2 of 12
Type (Add-on Acquisition) 3 of 11
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2014) 3 of 7
Size (of disclosed) 6 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-03 Dymatize Enterprises

Farmers Branch, Texas, United States

Dymatize Enterprises is a manufacturer and marketer of branded and private label nutritional and sports supplements. Dymatize offers more than 250 branded and private label products in numerous categories.

Buy $380M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-17 Michael Foods

Minnetonka, Minnesota, United States

Michael Foods is a producer of value-added food products and service solutions to customers across the foodservice, retail and food ingredient channels. It holds market positions in attractive categories including value-added egg products, refrigerated potato products and cheese and other dairy case products.

Buy $2.5B

Seller(S) 1

SELLER

Parallel49 Equity

Vancouver, British Columbia, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1996
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Parallel49 Equity is a private equity firm that invests in mid-sized companies in Canada and the US. The Firm concentrates its investment efforts in the Western and Mid-western regions of both countries. Target businesses generally have enterprise values of $25 to $150 million and are profitable with $5 to $30 million of EBITDA. Parallel49 pursues acquisitions of public or private companies, management-led buyouts, recapitalizations and sales of subsidiaries of larger companies. Broad areas of interest include manufacturing, service, and distribution. Parallel49 will not invest in start-ups, new technologies, turnarounds or companies active in real estate development, gaming, restaurant or primary resource sectors. Parallel49 was formerly known as Tricor Pacific Capital. The Firm has offices in Vancouver, British Columbia, and Chicago, Illinois.


DEAL STATS #
Overall 12 of 22
Sector (Food) 2 of 3
Type (Add-on Acquisition) 6 of 9
State (British Columbia) 6 of 6
Country (Canada) 9 of 11
Year (2014) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-01 Keyes Packaging Group

Wenatchee, Washington, United States

Keyes Packaging Group, Inc. is a manufacturer of specialty packaging focused on the fruit, egg and wine industries. Keyes Packaging Group was founded in 1903 and is based in Wenatchee, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-01 Tiger Calcium Services

Calgary, Alberta, Canada

Tiger Calcium Services is a manufacturer of calcium chloride products with applications in dust control, road stabilization, de-icing, oilfield drilling fluids, and mine water suppression. Tiger Calcium Services was established in 1964 and is based in Calgary, Alberta.

Buy -