Investment Summary

Strategic Investments & Holdings Exit Bakewise Brands

On July 1, 2005, private equity firm Ancor Capital Partners and mezzanine finance firm Merit Capital Partners invested in food company Bakewise Brands from Strategic Investments & Holdings

Investment Highlights
  • This is Ancor Capital Partners’ 1st and Merit Capital Partners’ 2nd transaction in the Food sector.
  • This is Ancor Capital Partners’ 4th and Merit Capital Partners’ 41st transaction in the United States.
  • This is Ancor Capital Partners’ 1st and Merit Capital Partners’ 1st transaction in New York.
Investment Fate
  • Bakewise Brands was sold to a strategic buyer in 2016.

Investment Summary

Date 2005-07-01
Target Bakewise Brands
Sector Food
Investor(s) Ancor Capital Partners
Merit Capital Partners
Sellers(s) Strategic Investments & Holdings
Deal Type Secondary Buyout

Target

Bakewise Brands

Macedon, New York, United States
Bakewise Brands, Inc. is a manufacturer of fresh, refrigerated, and frozen bagels sold to grocery chains and hospitality customers throughout the Eastern United States. The company manufactures bagels for leading brands such as Thomas, Pepperidge Farm, and numerous grocery chains such as Kroger and Wegmans.

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Investor(S) 2

Investor

Ancor Capital Partners

Southlake, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
Size Small
Type Sector Agnostic
DESCRIPTION

Ancor Capital Partners is a private equity firm focused on recapitalizations of lower middle-market companies operating in the manufacturing, distribution, and healthcare sectors. Prospective businesses are generally valued between $25 and $150 million and are profitable with EBITDA of $5 to $15 million. The Firm prefers businesses located in the US. Ancor will does not invest in start-ups, turnarounds, or businesses in real estate, or energy exploration. Ancor Capital Partners was formed in 1994 and is based in Southlake, Texas.


DEAL STATS #
Overall 4 of 27
Sector: Food M&A 1 of 4
Type: Secondary Buyout M&A Deals 1 of 5
State: New York M&A 1 of 3
Country: United States M&A 4 of 27
Year: 2005 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-11-10 American Staff Resources

Dallas, Texas, United States

American Staff Resources was a successful company in the professional employer organization (PEO) industry. The Company acted as a co-employer of approximately 125 client companies of more than 6,000 worksite employees located in 25 states.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 Liguria Foods

Humboldt, Iowa, United States

Liguria Foods, Inc. is a producer of high-quality pepperoni, salami, and other premium protein pizza toppings for both pizzerias and sandwich shops.

Buy -
Investor

Merit Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1993
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Merit Capital Partners is a private investment firm that targets investments in middle market manufacturing, distribution, and service based businesses. Merit looks for companies generating at least $20 million in sales and at least $4 million in EBITDA. Merit can provide both equity and junior capital financing and looks to commit at least $15 million per transaction. Prospective transaction situations include management buyouts, recapitalizations, growth financings, divestitures, unsponsored transactions, and ESOPs. Merit Capital will not invest in start-ups, turnarounds, real estate, specialty retail, or oil/gas opportunities. Merit Capital was originally known as William Blair Mezzanine Capital and became independent in 2004. Merit Capital Partners was formed in 1993 and is based in Chicago, Illinois.


DEAL STATS #
Overall 41 of 105
Sector: Food M&A 2 of 4
Type: Secondary Buyout M&A Deals 4 of 12
State: New York M&A 1 of 4
Country: United States M&A 41 of 104
Year: 2005 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-29 Advanced Refreshment

Mercer Island, Washington, United States

Advanced Refreshment is a manufacturer of bottled water products and cold fill value-added beverages such as teas and flavored water. With five production facilities across the United States, Advanced Refreshment is a low cost production platform with the ability to service its customers nationally. Advanced Refreshment was founded in 1998 and is based in Mercer Island, Washington.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-08-01 Peak Sulfur

Lawrence, Kansas, United States

Peak Sulfur, Inc. is a manufacturer, trader, and distributor of sulfur-related products including commercial-grade sulfuric acid and ultra-pure sulfuric acid. Additionally, Peak Sulfur receives and regenerates sulfuric acid which has been used by refineries, and then sells fresh commercial acid back to the refinery.

Sell -

Seller(S) 1

DESCRIPTION

Strategic Investments & Holdings is a private equity firm focused on acquiring middle market companies. The firm seeks to invest up to $100 million in companies with sales between $10 to $200 million. Historically the firm has targeted food, manufacturing, distribution, retail, and service businesses. The firm prefers to work with companies that have low to moderate technological change in their industry, as well as a wide range of products. Recapitalizations and acquisition opportunities are specific transaction types the firm desires to focus on. Strategic Investments & Holdings is particularly interested in acquisition opportunities in Western New York, Western Pennsylvania and Southern Ontario. Strategic Investments & Holdings was originally founded in 1983, and is based in Buffalo, New York.


DEAL STATS #
Overall 1 of 1
Sector: Food M&A 1 of 1
Type: Secondary Buyout M&A Deals 1 of 1
State: New York M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2005 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-07 Graphic Controls Holdings

Buffalo, New York, United States

Graphic Controls is a manufacturer of consumables utilized in a variety of niche applications. The Company’s primary products include a growing set of disposable medical supplies, security-enabled point of sale (“POS”) products, and a variety of specialty cards, charts, and tickets. Graphic Controls has a diversified base of over 50,000 customers, including hospitals and healthcare providers, industrial businesses, leading casinos, and specialty marketing companies. Graphic Controls was formed in 1909 and is based in Buffalo, New York.

Buy -