M&A Deal Summary

S&S Seeds Acquires Granite Seed Co.

On February 26, 2020, S&S Seeds acquired agriculture company Granite Seed Co. from Praesidian Capital and Marwit Capital

Acquisition Highlights
  • This is S&S Seeds’ 1st transaction in the Agriculture sector.
  • This is S&S Seeds’ 1st transaction in the United States.
  • This is S&S Seeds’ 1st transaction in Utah.

M&A Deal Summary

Date 2020-02-26
Target Granite Seed Co.
Sector Agriculture
Buyer(s) S&S Seeds
Sellers(s) Praesidian Capital
Marwit Capital
Deal Type Add-on Acquisition
Advisor(s) D.A. Davidson (Financial)

Target

Granite Seed Co.

Lehi, Utah, United States
Granite Seed Co. specializes in the supply of seed and erosion control products and services for land reclamation and erosion prevention associated with a variety of natural and man-made disturbances. Granite Seed was established in 1988 and is based in Lehi, Utah.

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Buyer(S) 1

Buyer

S&S Seeds

Carpinteria, California, United States

Category Company
Founded 1975
Sector Agriculture
DESCRIPTION

S&S Seeds, Inc. is a provider in native seed used for reclamation projects in California and the western United States. S&S Seeds was established in 1975 and is based in Carpinteria, California.


DEAL STATS #
Overall 1 of 1
Sector: Agriculture M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Utah M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 2

SELLER

Praesidian Capital

Oklahoma City, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2002
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Praesidian Capital is a mezzanine debt provider for middle-market companies throughout the US and Europe. Praesidian looks to provide junior capital to businesses with revenues between $3 and $100 million and EBITDA between $250k and $20 million. Capital is typically used to support acquisitions, management/leveraged buyouts, recapitalizations, and restructurings. Praesidian will not invest in oil & gas exploration, financial services, real estate, or start-ups. Praesidian Capital was formed in 2002 and is based in New York City.


DEAL STATS #
Overall 24 of 32
Sector: Agriculture M&A 1 of 1
Type: Add-on Acquisition M&A Deals 9 of 12
State: Utah M&A 1 of 1
Country: United States M&A 23 of 30
Year: 2020 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-06 Resolution Economics

Los Angeles, California, United States

Resolution Economics is a specialty consulting firm that provides economic and statistical analysis as well as expert testimony to leading law firms and corporations in labor & employment and commercial litigation matters. Resolution specializes in highly complex class action lawsuits and, as such, employs a highly technical workforce, including 14 with PhDs and 23 with master's degrees. Resolution Economics was founded in 1998 and is based in Los Angeles, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 PlanetHome Group

Munich, Germany

PlanetHome Group is a real estate service provider with a network of highly qualified and permanent real estate consultants who looks after real estate customers personally. The company bridges the gap between experience and the use of innovative tools to guide customers to their goals quickly and individually. PlanetHome Group was founded in 2000 and is based in Munich, Germany.

Sell -
SELLER

Marwit Capital

Newport Beach, California, United States

Category Private Equity Firm
Founded 1962
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Marwit Capital Partners is a private equity group that targets West Coast based small company investments. Marwit generally invests $10 to $40 million of capital in businesses with $20 to $200 million of revenue. Marwit will consider both control and non-control situations. Prospective transactions include management buyouts, leveraged buyouts, corporate divestitures, recapitalizations, and expansion financings. Sectors of interest include manufacturing, business services, consumer products and services, healthcare services, food, food services, restaurants, and fanchising. Marwit is licensed as a SBIC. Marwit Capital was formed in 1962 and is based in Newport Beach, California.


DEAL STATS #
Overall 23 of 24
Sector: Agriculture M&A 1 of 1
Type: Add-on Acquisition M&A Deals 9 of 10
State: Utah M&A 1 of 1
Country: United States M&A 22 of 23
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-17 Statewide Safety Systems

Irvine, California, United States

Statewide Safety Systems is specialized in the design, manufacture, and installation of active and passive traffic control systems that advise motorists, bicyclists, and pedestrians of roadway hazards including interchanges, intersections, and the location of highway-rail grade crossings. Statewide Safety Systems was founded in 1987 and is based in Irvine, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-12-04 Ytel

Lake Forest, California, United States

Ytel is a provider of contact centre software and embedded real-time communications solutions. Ytel specialises in cloud-based B2B communications solutions, powering modern communications through voice, text, email, and direct mail. Ytel was founded in 2012 and is based in Lake Forest, California.

Sell -