M&A Deal Summary |
|
|---|---|
| Date | 2023-11-06 |
| Target | Bevolution Group |
| Sector | Beverages |
| Buyer(s) | Sunny Sky Products |
| Sellers(s) |
Highlander Partners
Five Points Capital |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Hennepin Partners LLC (Financial) Katten Muchin Rosenman (Legal) |
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Sunny Sky Products is an integrated manufacturer and distributor of beverage concentrates and related products that are offered for sale at foodservice venues, including convenience stores, restaurants, and institutions. Sunny Sky Products was founded in 2002 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 4 |
| Sector (Beverages) | 4 of 4 |
| Type (Add-on Acquisition) | 4 of 4 |
| State (Illinois) | 2 of 2 |
| Country (United States) | 4 of 4 |
| Year (2023) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-10-13 |
GoodWest
Douglassville, Pennsylvania, United States GoodWest is a manufacturer and supplier of aseptic beverages and food service dispensing solutions, primarily selling shelf-stable, bulk, bag-in-box coffee creamer, and iced coffee. GoodWest was founded in 1994 and is based in Douglassville, Pennsylvania. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2004 |
| PE ASSETS | 3.0B USD |
| Size | Large |
| Type | Sector Agnostic |
Highlander Partners LP is a private equity firm focuses on making both direct private equity and mezzanine investments in companies located in US and Europe. The firm seeks to target to invest in small and mid-size private companies with strong management teams, fundamentally strong operations and positive cash flows. HP looks to invest $10 to $50 million as an equity and $10 to $25 million in mezzanine financing in companies with revenues of $10 to $500 million and enterprise value up to $100 million. Specific areas of interest include manufacturing, food, healthcare products and services, and healthcare IT, retail and building materials. Types of transaction include buyouts, growth capital, divestitures, consolidation and recapitalization. Highlander Partners LP was formed in 2004 and is based in Dallas, Texas with additional office in Warszawa, Poland.
| DEAL STATS | # |
|---|---|
| Overall | 27 of 31 |
| Sector (Beverages) | 2 of 2 |
| Type (Add-on Acquisition) | 17 of 20 |
| State (Illinois) | 3 of 3 |
| Country (United States) | 20 of 22 |
| Year (2023) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-01-31 |
Black Sage
Boise, Idaho, United States Black Sage is a defense technology integrator specialized in autonomous airspace protection solutions to take down small remote piloted aircraft systems. Black Sage employs a hardware-agnostic approach to integrating best-of-breed sensors with its proprietary artificial intelligence-enabled target tracking and defense automation systems to provide adaptable, end-to-end C-UAS systems. Black Sage was founded in 2014 and is based in Boise, Idaho. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-12-19 |
FDL
London, United Kingdom FDL is a provider of customized specialty ingredients to the food, beverage, fragrance and chemical industries. FDL was founded in 1884 and is based in London, United Kingdom. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1997 |
| PE ASSETS | 1.3B USD |
| Size | Large |
| Type | Sector Agnostic |
Five Points Capital makes both direct private equity and junior capital investments in US-based middle-market companies. Five Points prefers control based investments and will consider opportunities in a variety of industries. For both equity and mezzanine investments, the Firm looks to commit $5 to $25 million of capital in businesses with at least $10 million in sales and $3 million of EBITDA. Five Points Capital was formerly known as BB&T Capital Partners and re-branded in 2015. The Firm was established in 1997 and is based in Winston-Salem, North Carolina.
| DEAL STATS | # |
|---|---|
| Overall | 54 of 58 |
| Sector (Beverages) | 1 of 1 |
| Type (Add-on Acquisition) | 21 of 24 |
| State (Illinois) | 3 of 3 |
| Country (United States) | 54 of 58 |
| Year (2023) | 3 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-09-29 |
Lewis Group
Royersford, Pennsylvania, United States Lewis Group is a provider of environmental remediation and maintenance services. Lewis Group is a business-to-business company offering superior, one-stop solutions to a diverse customer base from specialized companies including Lewis Environmental, Lewis Property Services, and Lewis Development. Lewis Group is based in Royersford, Pennsylvania. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-12-18 |
Revela Foods
New Berlin, Wisconsin, United States Revela Foods is a provider of dairy flavorings, cheese sauces, seasonings, and functional cheese. Revela Foods provides customers with a full-service cheese ingredient offering from product development through final manufacturing. Revela Foods was founded in 1986 and is based in New Berlin, Wisconsin. |
Sell | - |
