M&A Deal Summary

Staple Street Capital Acquires Garden State Bulb

On March 15, 2022, private equity firm Staple Street Capital acquired distribution company Garden State Bulb

Acquisition Highlights
  • This is Staple Street Capital’s 3rd transaction in the Distribution sector.
  • This is Staple Street Capital’s 7th transaction in the United States.
  • This is Staple Street Capital’s 2nd transaction in New Jersey.

M&A Deal Summary
Date 2022-03-15
Target Garden State Bulb
Sector Distribution
Buyer(s) Staple Street Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Garden State Bulb

Vineland, New Jersey, United States
Garden State Bulb is a distributor and marketer of dormant flower bulbs and related products to leading retailers including Home Depot, Lowe’s, and Walmart as well as over 7,000 independent garden centers across the country. Garden State Bulb is based in Vineland, New Jersey.

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Buyer(S) 1

Buyer

Staple Street Capital

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2009
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Staple Street Capital is a private equity firm focused on acquiring middle-market companies with $50 to $500 million in revenue. Staple Street looks to invest up to $125 million per transaction and will consider opportunities in the business services, chemicals, communications, media, software, consumer, retail, distribution, energy, financial services, healthcare, industrial, and manufacturing sectors. Prospective transaction situations include carve-outs, family-owned business acquisitions, recapitalizations, consolidations, take privates, and special situations. Staple Street Capital was formed in 2009 and is based in New York City.

DEAL STATS #
Overall 11 of 12
Sector (Distribution) 3 of 4
Type (Buyout (LBO, MBO, MBI)) 7 of 8
State (New Jersey) 2 of 3
Country (United States) 7 of 8
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-23 Ironline Compression

Nisku, Alberta, Canada

Ironline Compression is a full-service natural gas compression company covering multiple locations throughout the Western Canadian Sedimentary Basin. The Company owns a fleet of compression units, services producer-owned equipment, and is a distributor of compression-related parts. Ironline Compression is based in Nisku, Alberta.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-26 Mid States Supply

Kansas City, Missouri, United States

Mid States Supply is a distributor of pipes, valves, and fittings serving the oil and gas, general manufacturing, food, and mechanical construction industries. Mid States also provides value-added modification services, customizing values, and other products to meet specific customer requirements. Mid States Supply was established in 1947 and is based in Kansas City, Missouri.

Sell -
Mergr

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