M&A Deal Summary

Premium Brands Acquires Belmont Meat Products

On October 13, 2016, Premium Brands acquired food company Belmont Meat Products from Summer Street Capital Partners for 50M USD

Acquisition Highlights
  • This is Premium Brands’ 14th transaction in the Food sector.
  • This is Premium Brands’ 6th largest (disclosed) transaction.
  • This is Premium Brands’ 11th transaction in Canada.
  • This is Premium Brands’ 2nd transaction in Ontario.

M&A Deal Summary

Date 2016-10-13
Target Belmont Meat Products
Sector Food
Buyer(s) Premium Brands
Sellers(s) Summer Street Capital Partners
Deal Type Add-on Acquisition
Deal Value 50M USD

Target

Belmont Meat Products

Toronto, Ontario, Canada
Belmont Meat Products Ltd. is a manufacturer of burger patties in Canada and produces a wide variety of customized premium burgers for retail and foodservice customers across the country. Belmont is also in the process of introducing a number of its products into the U.S. retail market.

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Buyer(S) 1

Buyer

Premium Brands

Richmond, British Columbia, Canada

Category Company
Founded 1917
Sector Food
Employees8,707
Revenue 6.5B CAD (2024)
DESCRIPTION

Premium Brands is a manufacturer and distributor of food products in Canada and the United States. Premium Brands was incorporated in 1917 and is headquartered in Richmond, British Columbia.


DEAL STATS #
Overall 15 of 31
Sector: Food M&A 14 of 28
Type: Add-on Acquisition M&A Deals 13 of 29
State: Ontario M&A 2 of 6
Country: Canada M&A 11 of 21
Year: 2016 M&A 3 of 6
Size (of disclosed) 6 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-15 Fletcher’s US

Washington, United States

Fletcher’s US, which sells a variety of premium bacon and fresh sausage products in the U.S. Pacific Northwest under the Fletcher’s brand. Fletcher’s is a trusted household name, soon to celebrate 100 years with roots deep in the Pacific Northwest. Company understand the importance of delivering high quality, responsibly produced and safe foods for customers.

Buy $5M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-01 Island City Baking

Richmond, British Columbia, Canada

Island City Baking is a manufacturer of fresh and frozen artisan breads. Island City Baking was established in 1990 and is headquartered in Richmond, British Columbia.

Buy $20M

Seller(S) 1

SELLER

Summer Street Capital Partners

Orchard Park, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 480M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Summer Street Capital is a private equity firm that targets investments in lower middle-market companies located in the Eastern and Midwest areas of the US as well as Southeastern Canada. Summer Street seeks to invest in platform companies generating revenues of at least $10 million. Broad ares of interest include environmental, niche manufacturing, and business services, Prospective transaction situations include growth capital financings, management buyouts, corporate divestitures, generational transitions, and recapitalizations. Summer Street Capital was formed in 1999 and based in Orchard Park, New York.


DEAL STATS #
Overall 9 of 17
Sector: Food M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 7
State: Ontario M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2016 M&A 2 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-05 Graphic Controls Holdings

Buffalo, New York, United States

Graphic Controls is a manufacturer of consumables utilized in a variety of niche applications. The Company’s primary products include a growing set of disposable medical supplies, security-enabled point of sale (“POS”) products, and a variety of specialty cards, charts, and tickets. Graphic Controls has a diversified base of over 50,000 customers, including hospitals and healthcare providers, industrial businesses, leading casinos, and specialty marketing companies. Graphic Controls was formed in 1909 and is based in Buffalo, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-06 Multisorb Technologies

Buffalo, New York, United States

Multisorb Technologies is a developer and manufacturer of sorbent and specialty products used in healthcare, food & beverage, electronics and industrial applications to protect the shelf or service life of a product. It's active packaging technology provides superior protection against moisture, odor, oxygen, and other gases by extending shelf life, enhancing product quality and preventing damage. Multisorb Technologies was founded in 1961 and is based in Buffalo, New York.

Sell -