M&A Deal Summary

Prestige Consumer Healthcare Acquires C.B. Fleet Co.

On December 22, 2016, Prestige Consumer Healthcare acquired consumer products company C.B. Fleet Co. from Gryphon Investors for 825M USD

Acquisition Highlights
  • This is Prestige Consumer Healthcare’s 10th transaction in the Consumer Products sector.
  • This is Prestige Consumer Healthcare’s largest (disclosed) transaction.
  • This is Prestige Consumer Healthcare’s 12th transaction in the United States.
  • This is Prestige Consumer Healthcare’s 1st transaction in Virginia.

M&A Deal Summary

Date 2016-12-22
Target C.B. Fleet Co.
Sector Consumer Products
Buyer(s) Prestige Consumer Healthcare
Sellers(s) Gryphon Investors
Deal Type Add-on Acquisition
Deal Value 825M USD
Advisor(s) CG Sawaya Partners (Financial)

Target

C.B. Fleet Co.

Lynchburg, Virginia, United States
C.B. Fleet Co., Inc. is a consumer healthcare manufacturer and marketer of personal care and over-the-counter products in the feminine hygiene, gastrointestinal, and infant care categories.

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Buyer(S) 1

Buyer

Prestige Consumer Healthcare

Tarrytown, New York, United States

Category Company
Founded 1996
Sector Consumer Products
Employees570
Revenue 1.1B USD (2024)
DESCRIPTION

Prestige Consumer Healthcare markets and distributes brand name over-the-counter medicines and household cleaning products throughout the US, Canada, Australia, and other select international markets. Prestige Consumer was founded in 1996 and is based in Tarrytown, New York.


DEAL STATS #
Overall 13 of 14
Sector: Consumer Products M&A 10 of 10
Type: Add-on Acquisition M&A Deals 8 of 8
State: Virginia M&A 1 of 1
Country: United States M&A 12 of 13
Year: 2016 M&A 1 of 1
Size (of disclosed) 1 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-30 Fiber Choice

Cedar knolls, New Jersey, United States

Fiber Choice is a provider of digestive health with a compelling line up of product options for daily fiber supplementation. Fiber Choice is based in Cedar Knolls, New Jersey.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-02 Prestige Brands Holdings - Household Cleaning Business

Tarrytown, New York, United States

Prestige Brands Holdings, Inc. - Household Cleaning Business includes Comet, Spic and Span, Cinch, Chore Boy and Chlorinol household product brands and related inventory. With the sale of these brands the Company’s portfolio will be comprised entirely of consumer healthcare brands. The divestiture enables the Company to further concentrate its brand-building efforts around its “invest for growth” consumer healthcare brand portfolio to help support long-term organic growth.

Sell $69M

Seller(S) 1

SELLER

Gryphon Investors

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Gryphon Investors is a private equity firm focused on making $50 to $500 million of equity or equity-linked investments in middle-market companies. Target transaction situations include traditional buyouts, leveraged build-ups, and growth financings. Gryphon will consider both control and shared-control positions. Sectors of interest include business services, consumer, retail, automotive, chemicals, general manufacturing, healthcare, and hotels. Gryphon Investors was formed in 1995 and is based in San Francisco, California.


DEAL STATS #
Overall 23 of 43
Sector: Consumer Products M&A 1 of 3
Type: Add-on Acquisition M&A Deals 10 of 19
State: Virginia M&A 1 of 2
Country: United States M&A 23 of 43
Year: 2016 M&A 3 of 3
Size (of disclosed) 3 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-01 K&N Engineering

Riverside, California, United States

K&N Engineering is a provider of premium air and oil filtration products for the automobile industry, which are designed to increase a vehicle’s horsepower and last for the life of a vehicle. K&N Engineering was founded in 1964 and is based in Riverside, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-03 Staffing Now

West Des Moines, Iowa, United States

Staffing Now is a provider of professional staffing services to small and medium-sized companies through 33 offices in the Midwest, Northeast, Mid-Atlantic and Southeast regions of the U.S. Staffing Now was founded in 1998 and is based in West Des Moines, Iowa.

Sell -