M&A Deal Summary

RLJ Equity Partners, SJ Partners and Triangle Capital Acquire Native Maine Produce & Specialty Foods

On January 24, 2017, private equity firms RLJ Equity Partners, SJ Partners and Triangle Capital acquired distribution company Native Maine Produce & Specialty Foods

Acquisition Highlights
  • This is RLJ Equity Partners’ 1st, SJ Partners’ 1st and Triangle Capital’s 7th transaction in the Distribution sector.
  • This is RLJ Equity Partners’ 10th, SJ Partners’ 5th and Triangle Capital’s 111th transaction in the United States.
  • This is RLJ Equity Partners’ 1st, SJ Partners’ 1st and Triangle Capital’s 1st transaction in Maine.

M&A Deal Summary
Date 2017-01-24
Target Native Maine Produce & Specialty Foods
Sector Distribution
Buyer(s) RLJ Equity Partners
SJ Partners
Triangle Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Native Maine Produce & Specialty Foods

Westbrook, Maine, United States
Native Maine Produce & Specialty Foods is a fresh foodservice distributor. NM provides its foodservice clients fresh, high quality produce and leading specialty products. With 3,000+ quality items in stock, 1,500+ New England customers have access to an impressive selection of local, regional & hard to find specialty foods and produce. Native Maine Produce & Specialty Foods was established in 1999 and is based in Westbrook, Maine.

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Buyer(S) 3

Buyer

RLJ Equity Partners

Bethesda, Maryland, United States
Category Private Equity Firm
Founded 2006
PE ASSETS 850M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

RLJ Equity Partners LLC is a private equity firm focused on long term investments in North American middle-market companies. The Firm looks to invest $15 to $40 million per transaction in companies valued between $50 and $250 million. RLJ targets companies operating in the fields of aerospace/defense, auto/transportation, business services, consumer retail, media, and telecom. Types of transactions include corporate divestitures, buyouts, recapitalizations, growth equity, and add-on acquisitions. RLJ Equity Partners LLC was formed in 2006 and is based in Bethesda, Maryland.

DEAL STATS #
Overall 13 of 18
Sector (Distribution) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 4 of 4
State (Maine) 1 of 1
Country (United States) 10 of 15
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-25 MarketCast

Los Angeles, California, United States

MarketCast is a provider of marketing research services and data analytics for the global entertainment industry. Through a variety of services backed by rigorously scientific quantitative and qualitative research methods, MarketCast works in collaboration with marketers and researchers across the entertainment spectrum in the development and execution of their marketing strategies, from early concept exploration through distribution. MarketCast services are available worldwide, and include materials testing (trailers, TV spots, print ads, etc.), concept and positioning studies, exit polls, recruited audience screenings, tracking studies, and focus groups, as well as a host of custom offerings including brand/franchise studies, post-release studies, and attitudes and usage studies.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-07 Phase One Consulting Group

Alexandria, Virginia, United States

Phase One Consulting Group, Inc. is a provider of technology solution services for the public sector. Phase One Consulting was founded in 1997 and is based in Alexandria, Virginia.

Sell -
Buyer

SJ Partners

Investor Investor Investor

Category Private Equity Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

SJ Partners is a lower middle-market private equity firm focused on the acquisition of consumer and services companies. SJ Partners was formed in 2001 and is based in New York City.

DEAL STATS #
Overall 5 of 6
Sector (Distribution) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (Maine) 1 of 1
Country (United States) 5 of 6
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-05 Osmotics

Stony Point, New York, United States

Osmotics Corp. is a manufacturer of anti-aging skincare brands particularly well known for its copper peptide anti-aging products. Osmotics was founded in 1993 and is based in Stony Point, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Osmotics

Stony Point, New York, United States

Osmotics Corp. is a manufacturer of anti-aging skincare brands particularly well known for its copper peptide anti-aging products. Osmotics was founded in 1993 and is based in Stony Point, New York.

Sell -
Buyer

Triangle Capital

Raleigh, North Carolina, United States
Category Private Equity Firm
Founded 2007
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

DEAL STATS #
Overall 112 of 114
Sector (Distribution) 7 of 7
Type (Buyout (LBO, MBO, MBI)) 40 of 40
State (Maine) 1 of 1
Country (United States) 111 of 112
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-19 Lakeview Health

Jacksonville, Florida, United States

Lakeview Health is a private drug and alcohol rehab center that treats patients' bodies, minds, and spirits by using a medical model that combines physiological, psychological, and psychosocial care. Lakeview Health was formed in 2001 and is based in Jacksonville, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-21 AGM Automotive

Troy, Michigan, United States

AGM Automotive, Inc. is a provider of automotive interior trim, lighting, and electrical components to automotive and related industries.

Sell -
Mergr

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