M&A Deal Summary

Stone-Goff Partners Acquires The Greene Turtle

On October 14, 2015, private equity firm Stone-Goff Partners acquired restaurant The Greene Turtle from JPB Partners

Acquisition Highlights
  • This is Stone-Goff Partners’ 1st transaction in the Restaurants sector.
  • This is Stone-Goff Partners’ 3rd transaction in the United States.
  • This is Stone-Goff Partners’ 1st transaction in Maryland.

M&A Deal Summary

Date 2015-10-14
Target The Greene Turtle
Sector Restaurants
Buyer(s) Stone-Goff Partners
Sellers(s) JPB Partners
Deal Type Secondary Buyout
Advisor(s) Raymond James - Investment Banking (Financial)
Venable LLP (Legal)

Target

The Greene Turtle

Westminster, Maryland, United States
The Greene Turtle is a family-friendly casual dining restaurant and dynamic sports bar with 41 company-owned and franchised locations across the Mid-Atlantic, Northeast and Appalachian regions of the United States.

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Buyer(S) 1

DESCRIPTION

Stone-Goff Partners is a private equity investment firm that acquires and builds lower middle-market companies. Specific areas of interest include marketing, media, education, healthcare services, industrial services, information services, consumer products and services, food and beverage, tourism, e-commerce and retail sectors. Stone-Goff Partners was established in 2006 and is headquartered in New York City.


DEAL STATS #
Overall 3 of 16
Sector (Restaurants) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Maryland) 1 of 2
Country (United States) 3 of 16
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-02-02 Thymes

Minneapolis, Minnesota, United States

Thymes is a designer and marketer of branded bath and body and home fragrance products. Thymes’ premium product line includes soaps, lotions, and other bath and body products, as well as home fragrance selections such as candles and diffusers. Thymes was founded in 1982 and is based in Minneapolis, Minnesota.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-13 K12 Coalition

Eagan, Minnesota, United States

K12 Coalition provides online professional development, continuing education, and master’s degree programs for K-12 teachers. K12 Coalition was established with the mission to help teachers advance their classroom skills and careers, while also improving student learning. K12 Coalition was founded in 2002 and is based in Eagan, Minnesota.

Sell -

Seller(S) 1

SELLER

JPB Partners

Columbia, Maryland, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1995
Size Small
Type Sector Agnostic
DESCRIPTION

JPB Capital Partners LLC is the private equity affiliate of merchant bank JPB Enterprises. JPB Capital looks to invest in lower middle-market businesses located in the Mid-Atlantic and Southeast regions of the US. Target businesses typically have revenues of $10 to $100 million and EBITDA greater than $2 million. Sectors of interest include distribution, business services, food/beverage, manufacturing, and specialty contracting. The Firm prefers control positions. The firm invests in the range of $3 to $10 million per transaction. JPB Capital Partners is located in Columbia, Maryland.


DEAL STATS #
Overall 18 of 23
Sector (Restaurants) 3 of 5
Type (Secondary Buyout) 3 of 4
State (Maryland) 4 of 5
Country (United States) 18 of 23
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-31 Ticknors

Beachwood, Ohio, United States

Ticknors is a specialty retailer of upscale men's clothing operating in mall-based locations from eight stores. Ticknors was founded in 1993 and is based in Beachwood, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-01 Mulligan s Beach House Bar & Grill

Jensen Beach, Florida, United States

Mulligan's Beach House Bar & Grill is an operator of full-service restaurants serving flavorful menu items. Mulligan's restaurants are fun and family-oriented, open 365 days a year to serve breakfast, lunch & dinner; and feature waterfront vistas. Mulligan's Beach House Bar & Grill was founded in 1997 and is based in Jensen Beach, Florida.

Buy -