M&A Deal Summary

Saputo Acquires Fairmount Food Group

On March 25, 2011, Saputo acquired food company Fairmount Food Group from GTCR for 271M USD

Acquisition Highlights
  • This is Saputo’s 10th transaction in the Food sector.
  • This is Saputo’s 6th largest (disclosed) transaction.
  • This is Saputo’s 4th transaction in the United States.
  • This is Saputo’s 2nd transaction in Illinois.

M&A Deal Summary

Date 2011-03-25
Target Fairmount Food Group
Sector Food
Buyer(s) Saputo
Sellers(s) GTCR
Deal Type Add-on Acquisition
Deal Value 271M USD
Advisor(s) Credit Suisse Investment Banking
BMO Capital Markets (Financial)
Kirkland & Ellis (Legal)

Target

Fairmount Food Group

Deerfield, Illinois, United States
Fairmount Food Group, LLC is an entrant in the food and beverage industry focused on acquiring companies in growth segments of the industry. The Company specifically targets opportunities in the branded specialty cheese segment serving retail and foodservice customers.

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Buyer(S) 1

Buyer

Saputo

Montreal, Quebec, Canada

Category Company
Founded 1954
Sector Food
Employees19,200
Revenue 17.8B CAD (2023)
DESCRIPTION

Saputo is a producer, marketer and distributor of a wide array of products including cheese, fluid milk, yogurt, dairy ingredients and snack-cakes. Saputo was incorporated in 1954 and is based in Montreal, Canada.


DEAL STATS #
Overall 10 of 17
Sector (Food) 10 of 17
Type (Add-on Acquisition) 8 of 14
State (Illinois) 2 of 2
Country (United States) 4 of 7
Year (2011) 1 of 1
Size (of disclosed) 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-12 Cheese and Protein International

Tulare, California, United States

Cheese and Protein International LLC is a manufacturer and packaging of cheese products.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-17 Saputo Dairy Australia Pty

Allansford, Australia

Saputo Dairy Australia Pty Ltd. produces, markets and distributes a wide range of high-quality dairy products for the domestic and international markets. The company's products are sold in several countries under well-known brand names such as Caboolture, COON, Cracker Barrel*, Devondale, Great Ocean Road, King Island Dairy, Liddells, Mersey Valley, MG Ingredients, Mil Lel, Sungold, South Cape, and Tasmanian Heritage.

Buy -

Seller(S) 1

SELLER

GTCR

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1980
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.


DEAL STATS #
Overall 30 of 85
Sector (Food) 1 of 1
Type (Add-on Acquisition) 18 of 41
State (Illinois) 3 of 10
Country (United States) 30 of 82
Year (2011) 1 of 4
Size (of disclosed) 29 of 34
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-23 Sotera Health

Broadview Heights, Ohio, United States

Sotera Health along with its business entities provides integrated protector of global health. With over 500 years of combined scientific expertise, the company ensures the safety of healthcare by providing mission-critical services to the medical device, pharmaceutical, tissue, and food industries. Sotera Health operates 61 facilities in 13 countries. The company has over 2,600 employees globally and touches the lives of more than 180 million people around the world each year. Sotera Health serves more than 5,000 customers worldwide, including 75 of the top 100 medical device manufacturers. Sotera Health was formed in 2015 and is based in Broadview Heights, Ohio.

Buy $675M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-07-18 Merlin Media

Fort Wright, Kentucky, United States

Merlin Media was formed for the purpose of acquiring and operating media assets. Merlin Media currently owns and operates 3 radio stations: WWWN-FM (101.1 MHz, Chicago, IL), WLUP-FM (97.9 MHz, Chicago, IL) and WEMP-FM (101.9 MHz, New York, NY). Merlin Media is a multimedia company focused on creating desirable content for its consumers.

Buy -