M&A Deal Summary

Prestige Consumer Healthcare Acquires C.B. Fleet

On December 22, 2016, Prestige Consumer Healthcare acquired consumer products company C.B. Fleet 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
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

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.

Search 199,713 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

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) 10 of 10
Type (Add-on Acquisition) 8 of 8
State (Virginia) 1 of 1
Country (United States) 12 of 13
Year (2016) 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 1997
PE ASSETS 8.9B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Gryphon Investors is a private equity firm focused on making $50 to $300 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 1997 and is based in San Francisco, California.

DEAL STATS #
Overall 20 of 35
Sector (Consumer Products) 1 of 3
Type (Add-on Acquisition) 10 of 16
State (Virginia) 1 of 1
Country (United States) 20 of 35
Year (2016) 2 of 2
Size (of disclosed) 2 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-23 Hepaco

Charlotte, North Carolina, United States

Hepaco is a provider of emergency response, environmental remediation, maritime services, wastewater treatment, and other industrial services across a diversified group of end markets including rail, oil & gas, transportation, power & utility, and manufacturing. Hepaco was founded in 1984 and is based in Charlotte, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-04 Wind River Environmental

Hudson, Massachusetts, United States

Wind River Environmental LLC is a provider of inspection, service, installation, repair, and maintenance of non-hazardous liquid environmental waste solutions in the United States. Wind River provides non-discretionary and regulatory-driven non-hazardous waste removal and treatment services to a wide range of commercial, residential, and municipal customers across the Eastern U.S. With more than 25 locations, Wind River serves a diversified blue-chip customer base including national food and retail establishments such as Starbucks, McDonald’s, and Whole Foods. Wind River Environmental, LLC was founded in 1946 and is based in Hudson, Massachusetts.

Buy -
Mergr

Product

Company

Legal