M&A Deal Summary

Quaker Maid Meats Acquires The Steak-Umm Company

On May 24, 2006, Quaker Maid Meats acquired food company The Steak-Umm Company from Main Street Capital Holdings

Acquisition Highlights
  • This is Quaker Maid Meats’ 1st transaction in the Food sector.
  • This is Quaker Maid Meats’ 1st transaction in the United States.
  • This is Quaker Maid Meats’ 1st transaction in Connecticut.

M&A Deal Summary
Date 2006-05-24
Target The Steak-Umm Company
Sector Food
Buyer(s) Quaker Maid Meats
Sellers(s) Main Street Capital Holdings
Deal Type Add-on Acquisition

Target

The Steak-Umm Company

Pomfret Center, Connecticut, United States
The Steak-Umm Company, Inc. engages in the production of frozen sandwich steaks in the United States. Its products are used in various recipes, including pepper sandwiches, breakfast burritos, shepherds pies, oriental wrap sandwiches, American chop suey, burritos, fajita, lasagna, taco casseroles, beef strip stir-fries, sloppy joes, braccioles, stroganoffs, gyros, pasta crumbles, potato soups, and stuffed peppers.

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Buyer(S) 1

Buyer

Quaker Maid Meats

Reading, Pennsylvania, United States
Category Company
Sector Food
DESCRIPTION

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Connecticut) 1 of 1
Country (United States) 1 of 1
Year (2006) 1 of 1

Seller(S) 1

SELLER

Main Street Capital Holdings

Pittsburgh, Pennsylvania, United States

Investor Investor

Category Private Equity Firm
Founded 1994
Size Small
Type Sector Agnostic
DESCRIPTION

Main Street Capital Holdings is a private equity firm that acquires profitable, growth-oriented companies located in the US. Areas of interest include electronic manufacturing services, food, homeland security, metallic alloy parts manufacturers, niche manufacturing, and value-added distribution. Prospective companies should have EBITDA of at least $2 million. Main Street looks to invest $3 to $25 million per transaction in businesses valued up to $125 million. The Firm prefers control situations and will not invest in start-ups, turnarounds, commodities, retail, or restaurants. Main Street Capital Holdings is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 3 of 12
Sector (Food) 2 of 4
Type (Add-on Acquisition) 3 of 6
State (Connecticut) 1 of 1
Country (United States) 3 of 11
Year (2006) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 4FRONT Solutions

Erie, Pennsylvania, United States

4FRONT Solutions LLC is a provider of electronic manufacturing services which includes the production of printed circuit boards, cables, and full box build assemblies. 4FRONT Solutions serves a number of large blue-chip customers across a broad range of industries, including medical, transportation, industrial controls, data storage, defense, and communications. 4FRONT Solutions was founded in 1989 and is based in Erie, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-01 LTS Scale Company

Twinsburg, Ohio, United States

LTS Scale Company LLC specializes in the design and manufacture of precision mobile scales and weighing systems.

Buy -
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