M&A Deal Summary

Shore Capital Partners Acquires Sweetmore Bakeries

On September 1, 2019, private equity firm Shore Capital Partners acquired food company Sweetmore Bakeries

Acquisition Highlights
  • This is Shore Capital Partners’ 1st transaction in the Food sector.
  • This is Shore Capital Partners’ 28th transaction in the United States.
  • This is Shore Capital Partners’ 6th transaction in Illinois.

M&A Deal Summary
Date 2019-09-01
Target Sweetmore Bakeries
Sector Food
Buyer(s) Shore Capital Partners
Deal Type Consolidation

Target

Sweetmore Bakeries

Park Ridge, Illinois, United States
Sweetmore Bakeries operates bakeries including Main Street Gourmet, Biscotti Brothers, and Meurer Brothers – delivering stock and custom bakery products to the retail in-store bakery (“ISB”) and national restaurant channels. Sweetmore focuses on high quality and innovative products to help customers differentiate their sweet baked goods and improve operations. Sweetmore Bakeries is based in Park Ridge, Illinois.

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Buyer(S) 1

Buyer

Shore Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2009
PE ASSETS 9.1B USD
Size Mega
Type Sector Focused
DESCRIPTION

Shore Capital Partners is a private equity group focused on opportunities in healthcare, food/beverages, and business services. Specific healthcare areas of interest include infusion therapy, laboratory services, laboratory products/distribution, outpatient rehab therapy, and behavioral health. Shore looks to invest in proven businesses with stable cash-flows and 'significant' growth potential. Prospective companies typically have $5 to $100 million in sales and $1 to $10 million of EBITDA. Shore Capital was formed in 2009 and is based in Chicago, Illinois.

DEAL STATS #
Overall 28 of 63
Sector (Food) 1 of 3
Type (Consolidation) 3 of 9
State (Illinois) 6 of 16
Country (United States) 28 of 62
Year (2019) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-17 SENTA

Atlanta, Georgia, United States

SENTA is an ear, nose, and throat (“ENT”) and allergy services organization providing support services to ENT and allergy providers in the Southeast. Affiliated practices provide comprehensive medical and surgical specialty ENT and allergy services, including treatment for thyroid disorders, sinus conditions, ear pain, allergies, and throat disorders. Its affiliate network currently consists of 7 locations, including two affiliated ambulatory surgery centers, and 7 doctors in Georgia. SENTA was founded in 2019 and is based in Atlanta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-01 Point C

Chicago, Illinois, United States

Point C is a third party administration platform for medical and dental benefits for self-insured employers. Administrative services the company currently provides include claims processing, network management, and utilization review. Point C’s mission is to support TPA partners through business process innovations and product solutions that drive value for employers and enhance the member experience. Point C is based in Chicago, Illinois.

Buy -
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