M&A Deal Summary

Stellex Capital Management Acquires Custom Made Meals

On May 10, 2021, private equity firm Stellex Capital Management acquired food company Custom Made Meals from New Water Capital

Acquisition Highlights
  • This is Stellex Capital Management’s 1st transaction in the Food sector.
  • This is Stellex Capital Management’s 12th transaction in the United States.
  • This is Stellex Capital Management’s 1st transaction in Colorado.

M&A Deal Summary

Date 2021-05-10
Target Custom Made Meals
Sector Food
Buyer(s) Stellex Capital Management
Sellers(s) New Water Capital
Deal Type Secondary Buyout

Target

Custom Made Meals

Denver, Colorado, United States
Custom Made Meals is a manufacturer of fresh, oven-ready, value-added entrees and appetizers sold in more than 6,000 retail grocery locations nationwide. Custom Made Meals was established in 2009 and is based in Denver, Colorado.

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Buyer(S) 1

Buyer
DESCRIPTION

Stellex Capital Management is a private equity firm focused on acquiring middle-market companies throughout North America and Europe. Stellex looks to invest $25 to $150 million in transactions valued up to $500 million. Sectors of interest include manufacturing, industrial, business services, aerospace, defense, government services, automotive, consumer products, distribution, and transportation. Prospective transaction situations include buyouts, turnarounds, recapitalizations, corporate divestitures, consolidations, and secondary purchases. Stellex Capital Management was formed in 2014 and is based in New York City.


DEAL STATS #
Overall 15 of 28
Sector (Food) 1 of 2
Type (Secondary Buyout) 3 of 9
State (Colorado) 1 of 1
Country (United States) 12 of 22
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-31 Continental Global Material Handling

Winfield, Alabama, United States

Continental Global Material Handling is a designer and manufacturer of material handling conveyor systems and components used in a variety of industrial end markets, including metals and mining, industrial processing, and aggregates. CGMH operates out of two manufacturing facilities: a ~240,000 sq. ft. facility in Winfield, Alabama and a ~65,000 sq. ft. facility in Somersby, Australia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-17 Go To Logistics

Northlake, Illinois, United States

Go To Logistics is a transportation service provider focused on the freight consolidation and LTL market. Go To provides services ranging from expedited/guaranteed service to warehoused consolidation primarily from Chicago to the Northeast and West Coast, as well as the Southwest United States. Go To Logistics is based in Northlake, Illinois.

Buy -

Seller(S) 1

SELLER

New Water Capital


Category Private Equity Firm
Founded 2014
PE ASSETS 406M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

New Water Capital is a private equity firm focused on special situation investments in the consumer products, retail, manufacturing, and services sectors. New Water seeks under performing companies, corporate carve-outs, turnarounds, as well as businesses in transition, either growth challenged or facing succession issues. New Water will consider opportunities throughout the US and Canada and seeks businesses with $30 to $300 million in revenue. New Water Capital was formed in 2014 and is based in Boca Raton, Florida.


DEAL STATS #
Overall 3 of 11
Sector (Food) 1 of 1
Type (Secondary Buyout) 1 of 3
State (Colorado) 1 of 1
Country (United States) 3 of 9
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-30 Bestronics

San Jose, California, United States

Bestronics, Inc. provides printed circuit board and box assembly services to a diverse base of OEMs in the industrial, medical, power and other markets. Bestronics, Inc. was founded in 1990 and is based in San Jose, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-28 Nelson-Miller

Los Angeles, California, United States

Nelson-Miller designs manufacture, and sources customized membrane switches, graphic overlays, nameplates, rubber keypads, touchscreens, and other user-interface and product identification solutions. Nelson-Miller was formed in 2011 and is based in Los Angeles, California.

Buy -